Philadelphia, PA - Applications are now available for the SBA’s $28.6 Billion Restaurant Revitalization Fund. The U.S. Small Business Administration (SBA) has opened applications for the new Restaurant Revitalization Fund.
Restaurant Revitalization Fund How to Apply
Available online, the application will be open to all eligible establishments until the funds are drained. More information, including how small businesses can register for the program, can be found on the SBA website and how to find the application checklist, user guide, FAQs, and more.
Established under the American Rescue Plan, the Restaurant Revitalization Fund opens up a total of 28.6 billion dollars in much need relief funds to restaurants and other hard-hit by the pandemic. Food-related establishments that have experienced economic distress and significant operational losses during the COVID-19 pandemic should apply.
This program is intended to provide relief 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. Funds must be used for allowable expenses by March 11, 2023.