SBA Announces Official Restaurant Revitalization Fund Application and Guidelines

• 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.
• Details on application requirements, eligibility, and a program guide are now available in English at www.sba.gov/restaurants or in Spanish at www.sba.gov/restaurantes
• Link to the Webinar can be found here. Application portal opens on Monday, May 3, 2021.