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, email@example.com.
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.