SLC restaurateur launches national, emotional plea for new federal ‘lifeline’

Sara Lund was there on Thursday when deliveries of new drinking glasses arrived at her downtown Salt Lake bar and restaurant, Bodega and the Rest, but her financial situation may be nothing to complain about.

“I literally transferred all of my savings to my corporate account,” she said in a virtual session with other restaurateurs from across the country, in a speech to get Congress to reload a program federal grant known as the Restaurant Revitalization Fund.

FOLLOWING: Restaurant owners call on Congress to replenish Restaurant Revitalization Fund

“Could you shut up?” 2News asked in an exclusive local interview with Lund.

“There’s a chance in the first quarter if help hasn’t come,” she replied. “I can’t go into more debt. “

Lund said she received a $ 50,000 loan from the Wage Protection Plan that was canceled by the federal government – and applied for a grant from the Small Business Administration, aimed at helping plagued restaurants. to the pandemic.

The SBA, she said, calculated she was eligible for $ 600,000, but while other businesses in her same block – Main Street between 300 and 400 South – received money, she did not.

The money in this “revitalization fund” is said to have run out in October.

Lund said in early 2020 that she had no debt other than the mortgage on her construction space and a good savings cushion. Now it’s the other way around – a dramatic turning point for the Utah-raised bar and restaurant owner, who worked in the New York fashion industry, before returning home and starting Bodega.

“So was the decision to come back from New York and start this business a good decision? 2News asked.

“I think so,” she said. “I hope this is not the end of the story.”

About Wilhelmina Go

Check Also

GBank Financial Holdings Inc. –

LA VEGAS, May 9, 2022 /PRNewswire/ — GBank Financial Holdings Inc. (“GBank” or the “Company”) …