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New SBA Funding For Restaurants Opens Next Week | WFAE 90.7 - Charlotte's NPR News Source

WFAE
Restaurants, like Arepas Grill in Charlotte, pictured here, can apply for the Restaurant Revitalization Fund starting May 3.
Restaurants, food trucks and other businesses in the food industry will be able to apply for federal grant funding next week to help them recover from the economic impact of the coronavirus pandemic.
The U.S. Small Business Administration is administering the $28.6 billion program, called the
Restaurant Revitalization Fund. It’s part of the American Rescue Plan.
According to the SBA, food service businesses can receive a grant of $1,000 to $10 million. The most one location can receive is $5 million. Money must be spent on things like payroll costs, rent payments and operating expenses. ....

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Upcoming Zoom Events, SBA Restaurant Revitalization Fund

The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan established the $28.6 billion Restaurant Revitalization Fund (RRF) spearheaded by the U.S. Small Business Administration (SBA).
The RRF seeks to provide non-repayable funds to eligible food service businesses. Such applicants include restaurants, food stands, food trucks, food carts, caterers, bars, saloons, lounges, taverns, and snack and nonalcoholic beverage bars. In addition, provided at least one third of total sales are onsite sales to the public, eligible applicants also include bakeries, brewpubs, breweries/microbreweries, wineries, distilleries, and inns. Finally, licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products are also eligible. ....

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