The Small Business Administration’s Restaurant Revitalization Fund has more than $75 billion in applications and only $28.6 billion in funding — but help could be on the way.
Sen. Ben Cardin, D-Md., chairman of the Senate’s small Business Committee, said in a hearing Wednesday featuring SBA Administrator Isabel Guzman that the Senate’s leadership is mulling over fresh legislation for the program, including more funding. The grant program has received more than 362,000 applications since opening earlier in May.
“I’ve already alerted leadership that we need a vehicle to deal with this,” Cardin said, speaking of legislation to both fix small issues and obtain new funding. “And I know that the leaders’ office is looking at this now.”
Najib Mikati promises justice for Irish UN peacekeeper killed in Lebanon
Lebanon is determined to uncover the circumstances that led to the killing of an Irish UN peacekeeper, caretaker prime minister Najib Mikati said during a visit to the headquarters of the UN Interim Force in Lebanon (Unifil) on Friday. Private Sean Rooney, 23, was...
US appeals court says lawsuit against Lebanese bank can proceed
A US court of appeals has ruled that cases against Lebanese commercial banks can be tried outside Lebanon, paving the way for more cases by depositors seeking to unlock their frozen funds. The court decision, issued on Thursday in a case brought by Lebanese depositors...
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