The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
See all the details and a sample of the application here
TUESDAY APRIL 27 @ 12:00PM EST
Intro to the upcoming Restaurant Relief Fund with experts from the Small Business Administration.
Co-sponsored by Main Street Alliance, the AAPI Victory Fund and AAPI Victory Alliance.
WEDNESDAY APRIL 28 @ 12:00PM EST
Restaurant Revitalization Fund: What Small Businesses Need to Know Plus Updates and Answers to your PPP, EIDL, and ERTC questions by NFIB
The U.S. Small Business Administration will reopen the Shuttered Venue Operators Grant application portal TODAY, at 12:00 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief.
While working with vendors to fix technology issues that occurred with the April 8 initial opening, the SBA identified and resolved other concerns and enhanced the applicant experience with the portal.
In preparation for the Shuttered Venue Operators Grant application portal reopening today at 12 p.m. EDT, follow the steps below. Remember to register on the portal in advance.
- Now: Use the checklist to make sure you have everything you need to complete your application. Review additional resources at sba.gov/svogrant such as the applicant user guide and FAQ. Keep these resources open throughout the application process.
- Before 11 a.m. EDT: Register on the SVOG portal. The ability to register will be temporarily suspended between 11 a.m.-12 p.m. EDT to ensure a fair process and prepare the site for opening.
- 12 p.m. EDT: Begin the application process on the SVOG portal. Every user will be temporarily placed in a virtual waiting room and will be able to start their application in the order in which they arrived.
The SBA is accepting SVOG applications on a first-in, first-out basis and allocating applicants to respective priority periods as it receives applications.