The Small Business Administration (SBA) has released details on the application and eligibility requirements for the $28.6 billion Restaurant Revitalization Fund (RRF). The funding – included in the American Rescue Plan and run by the SBA – will assist the hardest-hit restaurants with the funds they need to meet payroll, purchase COVID-related supplies, and recover industry jobs lost during the pandemic.
The application requirements, eligibility, and a program guide are now available in English and Spanish.
All eligible businesses are encouraged to apply, but during the first 21 days, priority will be given to businesses owned by women, veterans and socially and economically disadvantaged individuals.