20 independent Brooklyn restaurants awaiting federal coronavirus loans
Two weeks after the Paycheck Protection Program (PPP) started accepting applications, it appears that the loans have not been disbursed equally. Among the first recipients of the federal program were reputable restaurant chains like Shake Shack (which later returned funds), Potbelly, Ruth’s Chris Steak House and apparently few small businesses – although large chains are required to disclose these amounts, unlike smaller independent establishments.
Last week, the Brooklyn Chamber of Commerce surveyed 281 Brooklyn businesses and found that 84% of businesses surveyed still had their loan applications on hold when the PPP program ran out of money on April 16, said a spokesperson for the organization. Among them are 20 restaurants, including Gowanus Runner Bakery and Vietnamese Restaurant Stone and Bushwick Falansai. Six of these are certified MWBEs, or minority / women owned businesses, and none had received funding from the program as of April 17.
The PPP was strongly criticized by New York restaurateurs for not doing enough, Moshe Schulman of the East Village Ruffian wine bar going so far as to call it “a dressing for a wound that needs surgery.” But right now everything is helping. Of the $ 342 billion initially allocated by PPP nationwide, more than 81,000 loans worth about $ 20 billion have been made to New York State companies, according to a report from the US Small Business Administration, although the report doesn’t say how much of that went to restaurants.
Restaurants may soon see an additional $ 300 billion in PPP funding flow through Congress, but these 28 small food companies – and many, many more – are still holding their breath in the meantime.
Russian restaurant by the water Baku Palace in Sheepshead Bay
Italian neighborhood spot Belli Osteria at Clinton Hill
Clinton Hill Coffee and Small Batch Roaster BKG
Crown Heights Ice Cream Parlor Cream and Cacao Creamery
Bushwick Vietnamese cuisine Falansai
Eastern New York, the Caribbean and soul food Fusion Restaurant East
Bay Ridge Café and Housewares Store the Cafe Hom
Coffee and tea all day Cafe Liebre in Sunset Park
Park Slope Bar and Restaurant the lizzie kings
Homey Cobble Hill Bakery Margaret Palca bakes in the oven
Small batch kombucha brewery Mombucha in Greenpoint
Park Slope Exclusive Social Food & Drink Club the Montauk club
Italian panzerotti restaurant Panzerotti Bites at Cobble Hill
Sunset Park Burger Restaurant Pete’s Brooklyn eats
Cobble Hill French Seafood Restaurant Small shrimp
Park Slope Pasta and Risotto Restaurant Piccoli Trattoria
Neighborhood bakery and café Runner & Pierre in Gowanus
Rustik, an American tavern in Clinton Hill
Middle Eastern Grocery the sahadis at the border of Cobble Hill and Brooklyn Heights
Park Slope Coffee and Tea Coffee and Tea Sweetwaters
Personalized cookies, cakes and cupcakes machine Bklyn Cake Studio in the slope of the park
Brooklyn-based, owned by women Eat fancy chocolates
Baked Banana Bread Maker super brooklyn
Wholesale coffee seller Gotham Roasters, who has a store in the Flatiron District but roasts his beans in Brooklyn
Cold Beer Wholesaler in New Orleans Grady’s, based in Hunts Point
Based in Harlem Jessie’s Nut Cuts, peanut butter cup maker
Brunch catering company Munch Hours Inc.
Hungarian importer of wines and spirits Palinkerie in East Williamsburg