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Restaurant Revitalization Fund will replenish pandemic-related revenue loss


Restaurant Revitalization Fund will replenish pandemic-related revenue loss
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LUBBOCK, Texas (KCBD) - Restaurants have been hit the hardest by the pandemic this year and the Small Business Administration is granting relief money that would replenish the difference of 2020 to 2019 revenue.
Its called the Restaurant Revitalization Fund which provides emergency assistance for eligible bars, restaurants and other businesses.
Who Qualifies:
Restaurants
Caterers
Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts) ....

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Restaurant Revitalization Fund Applications | Hodgson Russ LLP


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President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on March 11, 2021, establishing the $28.6 billion Restaurant Revitalization Fund (RRF) to provide broad-based financial relief to a U.S. food service industry devastated by the COVID-19 pandemic.  The U.S. Small Business Administration (SBA) will award funds to eligible applicants until the RRF allocation is expended.
Applications may be submitted starting at 12:00 p.m. EDT on Monday, May 3, 2021.  The SBA urges applicants to submit applications, including all required supporting documentation, as early as possible, because the allocated funds are anticipated to run out due to strong demand.  RRF awards will be made on a first-come, first-served basis to eligible applicants, subject to a 21-day priority window during which the SBA will fund applications submitted by businesses owned and controlled by women, veterans, and socially and e ....

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