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The original item was published from 5/5/2021 1:52:05 PM to 6/1/2021 12:00:08 AM.

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Posted on: May 5, 2021

[ARCHIVED] SBA Restaurant Revitalization Fund Program Now Open

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The U.S. Small Business Administration's (SBA) $29 billion dollar Restaurant Revitalization Fund (RRF), established by the American Rescue Plan Act, began accepting applications on Monday, May 3, 2021, from eligible food and beverage establishments that have been adversely impacted by the COVID-19 pandemic. 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 if funds are used for eligible uses no later than March 11, 2023.

If you or someone you know owns a food and/or beverage establishment that was adversely impacted by the COVID-19 pandemic, please visit the SBA’s website to learn more. A full list of eligible businesses may be found on the SBA’s website. For assistant preparing your application, call 844-279-8898.

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