On April 27, the Small Business Administration (SBA) announced the application period for the Restaurant Revitalization Fund (RRF). will open Monday, May 3, 2021 at 9:00 AM PT. Eligible applicants can begin registering for an account on April 30 at 6:00 AM PT. Eligible applicants include restaurants, bars, caterers and other eligible businesses that have experienced pandemic-related revenue loss. See the table below for eligible applicants and allowable uses of funds. The SBA will administer this $28.6 billion federal program established by the American Rescue Plan.
The RRF provides eligible recipients 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. The SBA will announce the application period at a later date.
Application requirements, eligibility, and a program guide are now available at SBA.gov/restaurants.
In preparation, the SBA recommends qualifying applicants familiarize themselves with the application process in advance to ensure a smooth and efficient application experience, specifically by:
- Registering for an account in advance at sba.gov starting Friday, April 30, 2021, at 9 a.m. EDT
- Reviewing the official guidance, including program guide, frequently asked questions, and application sample
- Preparing the required documentation
- Working with a point-of-sale vendor or visiting sba.gov to submit an application when the application portal opens. [Note: If an applicant is working with a point-of-sale vendor, they do not need to register beforehand on the site
- Attending a live recorded virtual training webinar
The Northern California Small Business Development Center (SBDC) hosts free bi-weekly webinars on the application process and eligibility. Register for a webinar at SBA.gov.
For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.
SBA RRF Overview Slide Deck
The SBA’s San Francisco district office can also assist applicants.
Eligible Applicants Allowable Uses of Funds
|Restaurants||Business payroll costs (including sick leave)|
|Food Stands, Food Trucks & Food Carts||Payments on any business mortgage obligation|
|Caterers||Business rent payments (excluding prepayment of rent)|
|Bars, saloons, lounges, taverns||Business debt service (both principal and interest; excluding prepayment of rent and any prepayment of principal or interest)|
|Snack and nonalcoholic beverage bars||Business utility payments|
|Bakeries (onsite sales to the public comprise at least 33% of gross receipts)||Business maintenance expenses|
Breweries, micro-breweries, brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
|Construction of outdoor seating|
|Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)||Business supplies (including protective equipment and cleaning materials)|
Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
|Business food and beverage expenses (including raw materials)|
Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
|Business operating expenses and covered supplier costs|