Restaurant Revitalization Fund
Program Objective
This program provided emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.
Eligibility
Eligible Applicants
- Small Business Person
1) Restaurants
2) Food stands, food trucks, food carts
3) Caterers
4) Bars, saloons, lounges, taverns
5) Snack and nonalcoholic beverage bars
6) Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
7) Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
8) Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
9) Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
10) Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
11) Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
How to Apply
Award Procedure
Restaurants had to apply through SBA-recognized Point of Sale Restaurant Partners, or directly via SBA in an online application portal @ Restaurants.SBA.Gov, or the call center support line: 844-279-8898. Their applications had to go through a review process and eligible entities were awarded based upon program criteria.
Decision Timeline
- Approval: From 1 to 15 days
Program details & compliance
Description
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses navigate and recover from the COVID-19 pandemic. 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.
Mission Categories
Primary: Small Business
Other categories:
Economic Injury and Natural Disaster
Use of Funds
Allowed Uses
1) Business payroll costs (including sick leave)
2) Payments on any business mortgage obligation
3) Business rent payments (note: this does not include prepayment of rent)
4) Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest)
5) Business utility payments
6) Business maintenance expenses
7) Construction of outdoor seating
8) Business supplies (including protective equipment and cleaning materials)
9) Business food and beverage expenses (including raw materials)
10) Covered supplier costs
11) Business operating expenses
Required Documentation
Applicants had to apply through SBA-recognized Point of Sale Restaurant Partners, or directly via SBA in an online application portal, or the call center support line: 844-279-8898. Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required.
Additional documentation required:
1) Verification for Tax Information: IRS Form 4506-T, completed and signed by Applicant. Completion of this form digitally on the SBA platform will satisfy this requirement.
2) Gross Receipts Documentation: Any of the following documents demonstrating gross receipts and, if applicable, eligible expenses
3) Business tax returns (IRS Form 1120 or IRS 1120-S)
4) IRS Forms 1040 Schedule C; IRS Forms 1040 Schedule F
5) For a partnership: partnership’s IRS Form 1065 (including K-1s)
6) Bank statements
7) Externally or internally prepared financial statements such as Income Statements or Profit and Loss Statements