The U.S. Small Business Administration recently announced details regarding the $28.6 billion Restaurant Revitalization Fund (RRF) created to provide emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by the 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. Registration for the SBA application portal will begin on Friday, April 30, 2021, at 9 am ET. Applications will open on Monday, May 3, 2021, at noon ET. It is highly recommended that applicants start gathering documentation now and apply the first day you’re eligible, as the funding is expected to go quickly.
To learn more please visit the program page: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund
Webinar Training: SBA will host a webinar on Wednesday, April 28 covering the Restaurant Revitalization Fund program details and how to submit an application.
For questions, please reach out to the South Metro - Small Business Development Center: firstname.lastname@example.org