Restaurant Revitalization Program through SBA
The following information is on the Restaurant Revitalization Fund (RRF) established through the American Rescue Plan. Any questions on the Restaurant Revitalization Fund should be directed to the Small Business Administration here: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund
The Small Business Administration announced its application details and program guide on Saturday for eligible businesses who can benefit from the Restaurant Revitalization Fund (RRF). Businesses that are interested in applying can sign up to receive email alerts from the SBA.
Eligible entities include restaurants, food stands, trucks and carts, caterers, bars, lounges and taverns, snack and nonalcoholic beverage bars, bakeries, brewpubs, tasting and taprooms, breweries and/or microbreweries, wineries and distilleries, inns and licensed alcohol production facilities that serve samples or product for purchase.
In the first 21 days of the program launching, the SBA will prioritize applications from small businesses owned by women, veterans and socially and economically disadvantaged individuals. After that time, all eligible applicants are encouraged to submit applications.
Please visit the Small Business Administration program page for more details and to sign up for email alerts as information becomes available.
Resources
SBA RRF Program Page: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund
RRF Funding Program Guide: https://www.sba.gov/document/support-restaurant-revitalization-funding-program-guide
“Help is here,” SBA Administrator Isabella Casillas Guzman said of the organization’s message to bar and restaurant owners. “We’re prioritizing funding to the hardest-hit small businesses — irreplaceable gathering places in our neighborhoods and communities that need a lifeline now to get back on their feet.”
Read more on Good Morning America