NCR Partners with U.S. Small Business Administration to Help Restaurants Receive Revitalization Fund Grants

Rhea-AI Summary

NCR Corporation (NYSE: NCR) is collaborating with the U.S. Small Business Administration (SBA) to assist its customers in accessing Restaurant Revitalization Fund (RRF) grants. This initiative aims to support the restaurant sector, significantly affected by the COVID-19 pandemic, as part of the American Rescue Plan's $28.6 billion allocation for small businesses. NCR will provide validated sales data for its customers, simplifying the application process for these grants. NCR's commitment is to help restore jobs and sustain the restaurant industry during these challenging times.

Positive

• NCR is facilitating access to RRF grants for its customers, enhancing financial support.
• The partnership with the SBA aligns with efforts to revive the struggling restaurant industry.

Negative

• None.

NCR Corporation (NYSE: NCR), a leading provider of end-to-end software and technology that runs restaurants, today announced it is working with the U.S. Small Business Administration (SBA) to help NCR customers receive Restaurant Revitalization Fund (RRF) grants.

The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan established the $28.6 billion RRF at the SBA. The SBA will administer the funds to the hardest-hit small restaurants.

“Restaurants have been scrambling to survive the downturn caused by the pandemic,” said Dirk Izzo, president and general manager, NCR Hospitality. “We are committed and honored to do our part to facilitate access to much-needed financial support for our customers so they can keep their business running.”

NCR has partnered with SBA to provide validated sales and financial information for NCR customers using Silver Back Office or Aloha Insight business analytics for their 2020 vs. 2019 revenue to make it easier for them to apply for a grant via the SBA portal. NCR is also working with SBA to provide information to customers about applying for the RRF grants.

“The SBA is pleased to partner with NCR and others as we start helping restaurants across the country devastated by the pandemic,” said SBA Administrator Isabella Casillas Guzman. “Together, NCR and SBA are helping restaurants get the relief and support they need to navigate today’s COVID-restricted marketplace.”

NCR is building the apps, software and services to drive front-end digital transformations that help run the restaurant. NCR is trusted by more than 100,000 restaurants, including independent operators, domestic chains and international brands across the globe. NCR’s comprehensive offering includes the signature NCR Aloha POS platform and NCR Silver Pro, to provide everything restaurants need to run their business, boost efficiency and increase growth.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Ga., with 36,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210426005573/en/

FAQ

What is the partnership between NCR and the SBA?

NCR is partnering with the U.S. Small Business Administration to aid its customers in applying for Restaurant Revitalization Fund grants.

How will NCR help its customers access RRF grants?

NCR will provide validated sales and financial data to simplify the grant application process for eligible restaurants.

What is the purpose of the Restaurant Revitalization Fund?

The RRF is designed to provide financial aid to small restaurants affected by the economic downturn due to the COVID-19 pandemic.

How much funding is allocated to the Restaurant Revitalization Fund?

The Restaurant Revitalization Fund has a total allocation of $28.6 billion to assist struggling restaurants.

What industries does NCR serve?

NCR serves the financial, retail, and hospitality industries, with a strong focus on restaurant technology.