Cosi

In February 2020, the Boston-based soup and sandwich brand declared bankruptcy for the second time since 2016. The struggling chain had closed 30 units a couple of months before the filing and was preparing to put itself up for sale. In April 2020, Cosi filed suit against the U.S. Small Business Administration over its requirement that companies in bankruptcy can’t receive federal stimulus money. A judge denied Cosi’s request in that case. The first applications for up to $10 million in Restaurant Revitalization Fund assistance were accepted Monday, and industry leaders fear the $28.6 billion fund could run out of cash before many restaurants get a chance to apply for aid.