Restaurant Revitalization Grant Fund
Restaurant Revitalization Grant Fund Open to Applications Before May 24, 2021 at 5 p.m. (PST)
- The Restaurant Revitalization Grant Fund is a $28.6 billion grant program.
- The U.S. Small Business Administration encourages qualifying businesses to apply for a Restaurant Revitalization Fund grant by May 24, 2021 at 5 p.m. (PST).
- An excellent FAQ from the Independent Restaurant Coalition is available online.
- The SBA Restaurant Revitalization Fund webpage is now live and provides ongoing updates.
- Grant applications will be submitted on an SBA portal, but the application that will be part of the application (SBA Form 3172) can be found here.
- Grants are anticipated to be based on a percentage of gross revenue and not to exceed $10 million. Grants must be used for specified expenses such as payroll costs, rent, utilities, and PPE.
- There will be $5 billion set aside for restaurants with gross revenue under $500,000.
- To prepare for the application release, the SBA has the Shuttered Venue Operators Grant (SVOG) checklist. The checklist is a good starting point before the SBA releases guidance. Please let us know how we can help!
- Sign up to get assistance from the SBDC as you need help on this topic! You can also watch the recorded RRF webinar on demand.