Announcing a new SBA ARPA grant program for restaurants, the Restaurant Revitalization Fund, (RRF). See the 3-page summary below.
$28.6 billion in American Rescue Act Plan (ARPA) funds to award. SBA will accept applications until funds are expended.
April 30, 2021: Registration portal opens
May 3, 2021: Application portal opens
Webinars: SBA Webinars Offered April 26 through May 26, 2021. Link to register for a webinar: Eventbright.
Eligible Businesses: Restaurants
• Food stands, trucks, carts • Caterers • Bars, saloons, lounges, taverns • Licensed facilities of a beverage alcohol producer where the public can sample or purchase products • Other businesses where patrons assemble to be served food or drink • Snack and nonalcoholic bars • *Bakeries • *Brewpubs, tasting rooms, taprooms • *Breweries and/or microbreweries • *Wineries and distilleries • **Inns
Priority in Awarding Funds: SBA will prioritize awarding funds to small businesses at least 51% owned and controlled by individuals who are women, veterans, and/or socially and economically disadvantaged individuals. Application Open Days 1-21 have been reserved for this group.
Set-Asides: $9.5 billion has been specifically set aside for small businesses with gross receipts of $50,000-$1.5 million.