
Restaurant Revitalization Fund provides grants for COVID-related financial losses
Beginning Monday, May 3, 2021, eligible restaurants, bars, breweries, and other qualifying businesses that have been impacted by COVID-19 will be able to apply for grants from the U.S. Small Business Administration’s (SBA) Restaurant Revitalization Fund (RRF).
On March 11, the American Rescue Plan Act of 2021 created the $28.6 billion Restaurant Revitalization Fund to provide grants for restaurants sustaining financial losses due to the COVID-19 pandemic. The U.S. Small Business Administration (SBA) is administering the program, and will be issuing the necessary federal rules, regulations, and applications before grant funds are distributed.
ELIGIBILITY
Entities that own a place of business where the public or patrons assemble for the primary purpose of being served food or drink, including a:
- Restaurant, Food Stand, Food Truck, Food Cart;
- Snack and Nonalcoholic Beverage Bar;
- Caterer;
- Bar, Lounge, Saloon, Tavern;
- An Inn;
- Brewery, Brewpub, Microbrewery, Taproom, Tasting room;*
- Bakery;*
- Winery;*
- Distillery;*
- A licensed facility or premise of a beverage alcohol producer where the public may taste, sample, or purchase products;
- Other similar place of business in which the public or patrons assemble for the primary purpose of being served food or alcohol.
PERMITTED USE OF FUNDS
Funds may be used for specific expenses including:
- Business payroll costs (including sick leave)
- Payments on any business mortgage obligation
- Business rent payments (note: this does not include prepayment of rent)
- Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest)
- Business utility payments
- Business maintenance expenses
- Construction of outdoor seating
- Business supplies (including protective equipment and cleaning materials)
- Business food and beverage expenses (including raw materials)
- Covered supplier costs
- Business operating expenses
Download this RRF FAQ from the National Restaurant Association, or look for more recent updates at https://restaurantsact.com/rrf/