Small Call to Action Headline
Restaurant Grants: How To Get Funding For A Restaurant
If you run or manage a restaurant, grants and funding options can provide the financial support needed to develop your menu, launch new locations, hire staff, upgrade your equipment and stay competitive in the food & beverage market. Business grants offer an attractive alternative to traditional loans, providing much-needed capital. At American Funding Group, we help restaurants across the US obtain these valuable grants, enabling growth and success.
Benefits of Grants for restaurants
Restaurant business grants provide many advantages, including:
Access to Capital: Grants provide essential capital that can be used for various projects, including marketing, hiring, purchasing equipment, and expanding facilities. This financial boost can be a game-changer if you are looking to scale your restaurant.
No Repayment Required: Unlike loans, grants do not need to be repaid. This means your restaurant can use the funds without worrying about interest rates or debt accumulation. Whether you run a mom-and-pop restaurant in the heart of South Miami, FL, or manage a larger establishment in bustling Manhattan, grants and funding options can provide the financial support you need.
Innovation: Business grants can enable restaurants to adopt new technologies or innovative practices that enhance efficiency and customer experience. This might include upgrading kitchen equipment, implementing online ordering systems, or improving food safety measures.
Community Impact: Many grants are designed to support local businesses that contribute to community development. By securing funding, restaurants can create jobs, source local ingredients, and engage in community initiatives, thereby enhancing their social responsibility and reputation.
Recognition and Credibility: Receiving a grant can enhance your restaurant's reputation, signaling to customers, employees, and suppliers that your establishment is credible and worthy of support. This recognition can attract more patrons, foster trust and demonstrate your commitment to quality in the community.
Types of Restaurants That Can Qualify for Grants
The restaurant industry in the United States is poised for significant growth, with sales projected to exceed $1.1 trillion in 2024, marking a historic milestone. This sector, which employs approximately 15.7 million people, with one in every 10 Americans working in the sector, making it the second-largest private employer. These contributions stimulate additional spending in the U.S. economy, including employees, suppliers, and others in the surrounding area. Despite challenges like rising food costs and labor shortages, the industry remains resilient and continues to thrive as a vital part of the American economy.
At American Funding Group, we help businesses across the United States navigate the grant application process. Here are some examples of restaurants that can qualify for grants:
Restaurants: Traditional dining establishments serving food and beverages.
Food Stands: Small, often mobile units selling food items.
Food Trucks: Mobile kitchens that provide a variety of food options.
Food Carts: Portable carts offering quick-service food items.
Caterers: Businesses providing food services for events and gatherings.
Bars: Establishments primarily serving alcoholic beverages.
Lounges: Casual venues offering drinks and light fare in a relaxed atmosphere.
Salons and Taverns: Similar to bars, these locations serve drinks alongside food.
Brewpubs: Restaurants that brew their own beer on-site.
Microbreweries and Breweries: Facilities that produce small batches of beer for sale, often with an attached tasting room or restaurant.
Taprooms: Venues focused on serving beer directly from the brewery.
Tasting Rooms: Spaces where customers can sample and purchase beverages, such as wine or spirits.
Bakeries: Establishments primarily focused on selling baked goods, provided they meet specific criteria regarding onsite sales.
Restaurant Business Grants
Businesses in the restaurant and food and beverage industry have access to many specialized grants and opportunities. These are just a few of the initiatives that offer business grants for restaurants:
DoorDash Restaurant Disaster Relief Fund: $10,000 grants for restaurants impacted by natural disasters.
Restaurants Care Resilience Fund: $5,000 grants for independently owned restaurants in California.
FedEx Small Business Grant Contest: Grants ranging from $15,000 to $50,000 for innovative small businesses, including restaurants.
Backing International Small Restaurants Grant Program: $1 million USD awarded to 70 independent restaurants across multiple countries. Since the inception of Backing International Small Restaurants in 2022, American Express has provided $810,000 in funding to more than 70 global restaurants.
Restaurant Revitalization Fund: Funding equal to pandemic-related revenue loss, up to $10 million per business.
Comcast RISE: $5,000 grants, business consultation services, and technology makeovers for small businesses.
Skip Small Business Grants: Various grant opportunities, including instant grants and larger grants exceeding $10,000.
The UPS Store Small Biz Challenge: A $25,000 grand prize and two $5,000 prizes for small businesses.
Brooklyn Brewery $10K Grant: Five $10,000 grants awarded across various categories, including Food & Drink Innovation.
Walmart Spark Good Local Grants: Grants ranging from $250 to $5,000 for organizations addressing local community needs.
The Amber Grant: The Amber Grant offers a $10,000 monthly grant for businesses in various categories, with food and beverage being one of the rotating monthly categories.
The Grants for Growth Grant: The Grants for Growth program by Uber Eats supports small businesses in the food industry. In 2023, the program focused on helping restaurants transition to sustainable packaging.
Backing Historic Small Businesses Grant Program: The National Trust for Historic Preservation, in partnership with American Express, has launched the 2024 Backing Historic Small Restaurants grant program. This initiative aims to support and preserve historic small restaurants across the United States. 50 small restaurants will each receive a $50,000 grant.
The Latino Restaurant Association (LRA) Grant: The Latino Restaurant Association (LRA) has launched a grant program, offering $2,500 to eligible Latino-owned restaurants to support their growth and sustainability. With a commitment to empowering the Latino culinary community, the LRA has previously awarded grants to numerous restaurants across California, fostering resilience and innovation in the industry.
Requirements for Minority Owned Businesses Looking For Grants:
If you search “How to qualify for a nonprofit grant,” you may find that the requirements range widely. At American Funding Group, we have streamlined the requirements to create a straightforward application process for you:
» You must be a business owner in the United States
» You must have an active LLC, S-Corp, or S-Corp and an Employer Identification Number (EIN)
» You will be able to fill out one form with American Funding Group and answer 30+ questions to be paired with our best grant.
States We Serve
Alabama
Alaska
Arizona
Arkansas
Colorado
Connecticut
Delaware
Hawaii
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
North Dakota
Ohio
Oklahoma
Oregon
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
How American Funding Group Helps Minority Businesses Owners Obtain Grants
Navigating the world of grant applications can be complicated. At American Funding Group, we specialize in helping minority owned businesses identify and secure the grants they need. Here's how we support minority business owners through the process:
✓ You fill out a single application form on our website.
✓ Our system searches 7,000 grants
✓ Auto-apply for grants every month with our portal
✓ Grants are provided and distributed by private and federally-funded institutions listed on:
https://a4cb.org/services/grants
https://www.decaturedc.com/b2b
✓ The average approval rate for obtaining a grant is 30% to 40%.
✓ Once your grant is approved, it may take the grantor who approved it 30 to 90 days to distribute the funds to you.
Apply For Grant Funding Today
Grants offer a unique and valuable opportunity for restaurant owners to access the funding they need to grow and succeed. Whether you're launching a restaurant, expanding an existing establishment, or are a minority entrepreneur seeking targeted support, there are numerous grant programs available to help you achieve your goals. At American Funding Group, we simplify the grant application process for you, to help you secure funding and drive your business forward. Tap into your business's potential with American Funding Group and take the first step to apply for a business grant today.
Copyright© 2022 American Funding Group®® All Rights Reserved