Overview of SBA’s Restaurant Revitalization Fund Webinar
RRF (Restaurant Revitalization Fund) is a $28.6 billion program that provides funding for restaurants to meet payroll, purchase supplies, and transition to today’s COVID-restricted marketplace. Eligible entities are businesses that are not permanently closed and include businesses where the public or patrons assemble for the primary purpose of being served food or drink.
Attendees will learn about the following RRF program elements:
- Eligible business types
- Allowed funding uses
- How to calculate one’s potential fund amount
- How and when to apply (process, documentation needed, and how to obtain help with the application)
- Priority groups (small businesses owned by women, veterans, and socially and economically disadvantaged individuals)
The official application launch date will be announced at a later date. For the first 21 days that the program is open, the SBA will review applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals. Following the 21-day period, all eligible applicants are encouraged to submit applications.