Restaurant Revitalization Funding Applications Now Being Accepted

0
946

The American Rescue Plan Act established The Restaurant Revitalization Fund (RRF) is now taking applications.

The fund is part of the American Rescue Plan Act 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.

Businesses can apply through SBA-recognized Point of Sale (POS) vendors or directly via SBA in a forthcoming online application portal:

Apply Here.

Participating POS providers include Square, Toast, Clover, NCR Corporation (Aloha), and Oracle. If you are working with Square or Toast, you do not need to register beforehand on the https://restaurants.sba.gov application portal.

Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required.

If you would like to prepare your application, view the sample application form. You will be able to complete this form online. Do not submit RRF forms to SBA at this time.

For assistance preparing your application, you can access the following: