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. 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 as long as funds are used for eligible uses no later than March 11, 2023. Priority Group Access For the first, 21 days of the program, only priority groups will have access to the Fund, this includes: small business owned by women, veterans, or socially and economically disadvantaged individuals. Who Can Apply?
Allowable Uses of Funds
How to apply? Please visit the following link to learn more about submitting your application.
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Courtesy of NASE.org https://www.nase.org/about-us/media-relations/nase-in-the-news/2021/04/29/small-business-administration-launches-restaurant-revitalization-fund