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SBA announces first-of-its-kind technology initiative for Restaurant Revitalization Fund

WASHINGTON  The U.S. Small Business Administration announced Thursday the first round of technology partners participating in a new initiative for the Restaurant Revitalization Fund (RRF) - a program that will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their trusted point-of-sale (POS) service providers. SBA is proud to announce partnerships with Clover ®, NCR Corporation, Square, and Toast in this groundbreaking effort to provide a customer-centric approach to the delivery of relief funds. “The SBA is partnering with point-of-sale providers to leverage technology to better reach the smallest businesses that need our help the most. This collaboration is just one example of the many innovative and creative ways we’re connecting with entrepreneurs in the hardest-hit and underserved communities,” said SBA Administrator Isabella Casillas Guzman. 

Toast Joins Forces With U.S. Small Business Administration to Provide Restaurants with Access to $28.6 Billion Restaurant Revitalization Fund

Search Toast Joins Forces With U.S. Small Business Administration to Provide Restaurants with Access to $28.6 Billion Restaurant Revitalization Fund   Toast, a U.S.-based restaurant management fintech platform, announced on Thursday it has formed a partnership with the U.S. Small Business Administration (SBA) to help provide customers with access to funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF). Toast reported that the partnership will provide its customers with a “simplified” application process for RRF grant applications by May 2021. While sharing details about the Fund, Nick DeLeonardis, SVP and GM of Payments, Lending, and Payroll at Toast, stated that since March 2020, he and his team have written letters to Congress, as well as actively lobbied to help secure funding for the restaurant industry, which has been heavily impacted by the COVID-19 pandemic.

Major tech initiative coming for Restaurant Revitalization Fund

Fingerlakes1.com Menu Have a tip for the newsroom, press release, local event listing or digital content to share? Send it here. Support our mission by visiting patreon.com/fl1 and becoming a monthly subscriber. The U.S. Small Business Administration announced the first round of technology partners participating in a new initiative for the Restaurant Revitalization Fund (RRF) – a program that will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their trusted point-of-sale (POS) service providers. SBA is proud to announce partnerships with Clover ®, NCR Corporation, Square, and Toast in this groundbreaking effort to provide a customer-centric approach to the delivery of relief funds.