Restaurant Revitalization Fund (RRF) Open for Applications
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. Applications opened TODAY, May 3rd at noon. 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.
The Small Business Administration had released technical guidance and a sample application (see Supplemental Documents) for the RRF.