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SBA provides details on applying for Restaurant Revitalization Fund grants


SBA Administrator Isabella Casillas Guzman on Friday announced key details on application requirements, eligibility and a program guide for the Restaurant Revitalization Fund. The $28.6 billion Restaurant Revitalization Fund is part of the American Rescue Plan signed into law by President Joe Biden. The SBA will administer the funds to the hardest-hit small restaurants. “Today, we are starting the process to help restaurants and bars across the country devastated by the pandemic, and this is our message: Help is here,” Guzman said in a news release. 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. The pilot period will be used to address technical issues ahead of the public launch. The official application launch date will be announced at a later date. 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. Following the 21-day period, all eligible applicants are encouraged to submit applications. Program details can be found at this SBA website.

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