Posted April 22, 2021
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Who Can Apply
Eligible entities who have experienced pandemic-related revenue loss including:
**(onsite sales to the public comprise at least 33% of gross receipts)
Application priority will be given to eligible businesses 51% or more owned and controlled by individuals who are women, veterans, and/or socially and economically disadvantaged. This priority will take effect for the first three weeks after the program becomes active. Thereafter, the remaining eligible businesses will be able to apply.
How to Apply
You will apply through an SBA-recognized Point of Sale Restaurant Partner or directly via SBA in a forthcoming online application portal. For details
on documents that will be needed as well as sample applications, visit the SBA webpage.