San Martino Ristorante owner Alfio Lo Paro calls the financial aid a ‘miracle’ that will help him pay outstanding bills for the restaurant.
San Martino Ristorante, a diner in Yonkers, New York, is getting a lot of help from the Barstool Fund, and restaurant owner Alfio Lo Paro says it’s a miracle to receive the help.
“It was like a religion. It was really a miracle, “he told Fox & Friends Weekend. “It was a miracle at Christmas time.”
Lo Paro said his children sent a letter to Barstool founder Dave Portnoy to join Lo Paro in the fund, which typically distributes $ 10,000 to selected small businesses without expecting them to be elected . Portnoy confirmed the news to Lo Paro on Wednesday via FaceTime.
30 DAY FUND FINDERS CONFIRM $ 1 MILLION TO SMALL BUSINESS FUND FOR BUSINESS
“It’s very exciting, very emotional. “I broke down and cried,” he said. “Thank God he came through for us.”
At the call, Portnoy said he was happy to help and that it could not have happened with a better place, a ‘better guy’.
San Martino is a small, family-owned restaurant established in 1975 after Lo Paro came to the United States from Italy. The pandemic led to the restaurant’s worst year in history, and Lo Paro said it was becoming increasingly difficult to maintain its business.
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Lo Paro has admitted that its accounts are accumulating as the industry continues to suffer, but he is “shocked” to get financing when millions of other small businesses are also struggling.
The Barstool Fund has raised more than $ 17 million with 65 small businesses so far. Portnoy pledged $ 500,000 to the fund for the first time and has since seen it grow.