The Restaurant Revitalization Fund: How to Get Ready Webinar
Tuesday, April 27th – 2:00 pm – 3:00 pm
Join Terry Bolden from the SBA as he shares the basic structure to prepare restaurants, caterers, food trucks, wineries, breweries, bars & saloons to submit through the SBA Restaurant Grant Portal in May 2021.
The Restaurant Revitalization Fund: How to Get Ready
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.
The RRF will provide eligible entities 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.
The official application launch date will be announced shortly. After a seven-day test period, the SBA will prioritize reviewing applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals for 21 days.
How to Get Ready for the RRF:
Review the the sample application, program guide and also the cross-program eligibility chart on SBA COVID-19 relief options.
You will be able to apply through SBA-recognized Point of Sale Restaurant Partners or directly via SBA at restaurants@sba.gov.
For more information, contact the SBA Central and Southern Ohio District Office at: 614-427-0407
Entities who have experienced pandemic-related revenue loss include:
- Restaurants, Food stands, food trucks, food carts, Caterers, Bars, saloons, lounges, taverns, Snack and nonalcoholic beverage bars
- Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
- Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
- Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
- Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
- Inns (onsite sales of food and beverage to the pub)
