The U.S. Small Business Administration opens applications May 3 at noon ET for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted.
The National Restaurant Association just posted a complete Step-by-Step Guide on how to apply and offers a regularly updated RRFG FAQ to answer the most common questions operators have about the grant program, many submitted using the Q&A email, rrf@restaurant.org.
In a recent update, the SBA announced that any Employee Retention tax credit received in 2020 will NOT be counted against a restaurant’s eligible grant amount. Additional economic relief such as state/local grants, EIDLs, EIDL advance grants, and other support also will NOT count for a restaurant’s 2020 “gross receipts” calculation in 2020. If these dollar totals were to be included, they would reduce the otherwise eligible grant amount for eligible restaurants.
Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.