This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. For complete details, go to https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund.
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.
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. See How to apply for more detail.