The Restaurant Revitalization Fund (RRF) provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, 2021, the RRF will provide restaurants with funding equal to their pandemic-related revenue loss. This fund provides up to $10 million per business and no more than $5 million per physical location. The funds must be used for allowable expenses by March 11, 2023 (Source: SBA).
3 Steps to Prepare for the Restaurant Revitalization Fund Application
- Register for an account in advance at restaurants.sba.gov starting Friday, April 30 at 9 a.m. EDT. If you are working with Square or Toast, you do not need to register beforehand on the application portal.
- Review the sample application, program guide, and cross-program eligibility chart on SBA COVID-19 relief options.
- Attend one of the webinar trainings listed below. These will be recorded and later posted on SBA’s YouTube and social media channels.
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