IMPORTANT
Restaurant Revitalization Act - application opening!
The federal Restaurant Revitalization Fund (RRF) program will provide non-taxable grants to restaurants, bars, and other food and beverage businesses hit hardest by the COVID-19 crisis. Individual establishments may qualify for up to $5 million and restaurant groups may be eligible for up to $10 million in grant funding. This grant is designed to reimburse a business for any revenue lost between 2019 and 2020.
RRF Portal Registration will Open on
Friday, April 30 at 9am (EDT) at:
RRF Applications will Open on
Monday, May 3 at 12pm noon (EDT).
Eligible Businesses:
Restaurants; Bars; Tasting rooms; Lounges; Taprooms; Taverns; Food trucks; Other businesses with the primary purpose of serving the public food and drink.
Businesses that are part of an affiliated group with more than 20 locations, publicly traded, and/or have a pending application under the Shuttered Venue Operators Grant program are not eligible.
The first 21 days of this grant program will be prioritizing veteran-, women-, and minority-owned businesses.
Eligible businesses are advised to prepare in advance by:
Determining where and how you will apply
If you have a POS vendor, determine whether they will offer RRF applications. Currently, Clover, Square, Toast and NCR are authorized; more may be added
If you plan to apply directly at the SBA site, you can set up an account ahead of time at restaurants.sba.gov
Businesses launched from January 1, 2020 onward should identify eligible spending from February 15, 2020 through March 11, 2021, as this will be the basis for their application.