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  1. SBA's Restaurant Revitalization Fund Notes & How To Apply For Your Restaurant

    SBA's Restaurant Revitalization Fund Notes & How To Apply For Your Restaurant

    • May 19, 2021
    Categories: News

    On March 11, 2021, the American Rescue Plan Act of 2021 was signed and created $28.6 billion worth of grants for restaurants that were impacted by the pandemic. Created was the Restaurant Revitalization Fund (RRFG), and funds are available through the US Small Business Administration (SBA). Restaurant owners can now apply and benefit from the SBA RRFG grants and use those funds to build up their restaurants, including kitchen upgrades and any other fund distribution needed to help keep restaurant doors open. 

     

    The RRFG funding is not a loan - funding does not need to be repaid as long as the funds are used for eligible expenses incurred between February 15, 2020 and March 11, 2023. 

     

    Entities that own a place of business where the public or patrons assemble for the primary purpose of being served food or drink, including the below are eligible:

     

    • • Restaurant, Food Stand, Food Truck or Food Cart
    • • Snack and Nonalcoholic Beverage Bar
    • • Caterer
    • • Bar, Lounge, Saloon, or Tavern
    • • An Inn
    • • Brewery, Brewpub, Microbrewery, Taproom, or Tasting Room*
    • • Bakery*
    • • Winery*
    • • Distillery*
    • • A licensed facility or pre...

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  2. Preparing Your Restaurant For Re-opening After COVID-19

    Preparing Your Restaurant For Re-opening After COVID-19

    • October 13, 2020
    Categories: News
    With the COVID-19 pandemic still ongoing, restaurant owners around the country are not only battling the moral question fo whether or not they should open their doors, but also the local government restrictions on what will be acceptable if they do r...

    learn more

  3. COVID-19 Resources For Restaurants & Small Businesses

    COVID-19 Resources For Restaurants & Small Businesses

    • June 09, 2020
    Categories: News
    It may be unnerving dealing with the confusion and uncertainty of COVID-19 and how it’s affecting small businesses and restaurants. We have compiled a list of resources that restaurant owners can use to educate themselves on the current state o...

    learn more

  4. Spooktacular Savings: HoodMart Halloween Specials are Here!

    Spooktacular Savings: HoodMart Halloween Specials are Here!

    • May 31, 2017
    Categories: News
    The end of October is coming. This of course means that holiday season is coming—the Halloween holiday, that is! One of the most fun-spirited holidays on the calendar, the coming of Halloween merits fun for restaurant owners as well. That&rsquo...

    learn more

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BACKGROUND

On March 11, the American Rescue Plan Act of 2021 created the $28.6 billion Restaurant Revitalization Fund to provide grants for restaurants sustaining financial losses due to the COVID-19 pandemic.


On April 17, the U.S. Small Business Administration (SBA) issued the necessary federal rules, regulations, and a sample application to distribute the grant funds.


This frequently asked questions (FAQ) resource will be updated as the SBA releases information on the Restaurant Revitalization Fund Grant (RRFG) Program.

LEARN MORE

Visit
RestaurantsAct.com

Disclaimer: This content is for informational purposes only, and should not be used as legal, tax, investment, financial, or other advice. This information is of a general nature and does not address the circumstances of any particular individual or entity. The document does not constitute professional and/or financial advice, nor does any information constitute a comprehensive or complete statement of the matters discussed or the law. The reader of the document alone assumes the sole responsibility of evaluating the merits and risks associated with the use of any information before making any decisions based on such information

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