Restaurant Revitalization Fund

The new American Rescue Plan Act established a $28.6 billion “Restaurant Revitalization Fund” (RRF) within the U.S. Small Business Administration (SBA). An eligible business may receive a tax-free federal grant equal to the amount of its pandemic-related revenue loss, calculated by subtracting its 2020 gross receipts from its 2019 gross receipts.
 
The Restaurant Revitalization Fund is NOT yet accepting applications. Review the newest information below to learn more about the program and how to prepare!
 
3 Things to Know about the Restaurant Revitalization Fund 
 
1. Get the program details. 
  • Get the program details such as eligibility, funding amount, allowable use of funds and more on the SBA's Restaurant Revitalization Fund program websites in ENGLISH or SPANISH.
  • Optional: Sign up for RRF email updates from the SBA CLICK HERE.
2. How to prepare.
  • Currently, SBA is not accepting applications for RRF. However, you can prepare your application by reviewing the sample application, program guide and cross-program eligibility chart on SBA COVID-19 relief options.
  • You will be able to apply through SBA-recognized Point of Sale Restaurant Partners or directly via SBA in a forthcoming online application portal.
  • NEW: Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required. 
3. When to apply.
  • The official application launch date will be announced shortly. Ahead of the application launch and over the next two weeks, the SBA will establish a seven-day pilot period for the RRF application portal and conduct extensive outreach and training on how to apply, application requirements and where to apply. Participants in this pilot will be randomly selected from existing PPP borrowers in priority groups for RRF and will not receive funds until the application portal is open to the public. 
  • Following the pilot, the application portal will be opened to the public. For the first 21 days that the program is open, the SBA will prioritize reviewing applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals. Learn more about the priority groups CLICK HERE. Following the 21-day period, all eligible applicants are encouraged to submit applications. 
 
Looking for assistance with the Restaurant Revitalization Fund?
 
Reach out to the SBA's Restaurant Revitalization Fund Program Hotline at 844.279.8898 (Hours: Monday - Friday 8:00 am - 8:00 pm ET).
 
The EDC SBDC call team and experienced advisors are available to answer questions and help you navigate today's complex business environment. The Economic Development Collaborative hosts the Small Business Development Center and is funded in part through a cooperative agreement with the U.S. Small Business Administration. Signing up as a client takes just a few minutes and provides you lifetime access to all of our no-cost services.
 
Get started today with no-cost consulting by calling our 
Business Assistance Line at 805.409.9159. 
Resources and advising are available in English and Spanish. 
 
Access our Loan Program by calling 805.409.9497.
 
Stay up-to-date on local, state and federal resources related to the pandemic by visiting our COVID-19 Business Resource page regularly CLICK HERE.