İstanbul escort bayan sivas escort samsun escort bayan sakarya escort Muğla escort Mersin escort Escort malatya Escort konya Kocaeli Escort Kayseri Escort izmir escort bayan hatay bayan escort antep Escort bayan eskişehir escort bayan erzurum escort bayan elazığ escort diyarbakır escort escort bayan Çanakkale Bursa Escort bayan Balıkesir escort aydın Escort Antalya Escort ankara bayan escort Adana Escort bayan

Thursday, May 23, 2024

SBA: Restaurant Revitalization Fund available for restaurants, bars opens Monday

The U.S. Small Business Administration is providing financial relief to eligible restaurants, bars and other establishments affected by the COVID-19 pandemic. (WYDaily/ Courtesy of Unsplash)

UPDATE: The U.S. Small Business Administration (SBA) announced that the application for the The Restaurant Revitalization Fund (RRF) will open on Monday, May 3 at noon. “The online application will remain open to any eligible establishment until all funds are exhausted,” SBA stated. Applicants can register for an account in advance starting Friday, April 30.

NATIONWIDE — From forced shutdowns and staff layoffs to reopening amid new restrictions with social distancing measures, restaurants across the country have been affected by the year-long COVID-19 pandemic.

On Monday, April 19, the U.S. Small Business Administration (SBA) announced more information about a new government relief program: The Restaurant Revitalization Fund (RRF).

The initiative –– part of the American Rescue Plan signed by President Joe Biden –– created the $28.6 billion fund through the SBA, which the organization will distribute to “the hardest-hit small restaurants,” according to the James City County’s Office of Economic Development news release.

“Today, we are starting the process to help restaurants and bars across the country devastated by the pandemic, and this is our message: Help is here,” said SBA administrator Isabella Casillas Guzman. “We’re also focused on ensuring that the RRF program’s application process is streamlined and free of burdensome, bureaucratic hurdles – while still maintaining robust oversight. Under my leadership, the SBA aims to be as entrepreneurial as the entrepreneurs we serve – and that means meeting every small business where they are, and giving them the support they need to recover, rebuild and thrive.”

Other establishments which may qualify for the relief fund include food trucks, caterers, bakeries, breweries, wineries, distilleries and inns. You can see a full list of industries which may qualify for the RRF here.

According to the announcement, the SBA will open the RRF application portal for seven days as part of a pilot program, with outreach training and addressing “technical issues” prior official launch date.

“Participants in this pilot will be randomly selected from existing PPP borrowers in priority groups for RRF and will not receive funds until the application portal is open to the public. Following the pilot, the application portal will be opened to the public,” according to the news release.

In addition, the SBA will prioritize applications from “small businesses owned by women, veterans, and socially and economically disadvantaged individuals” for the first 21 days.”

“Following the 21-day period, all eligible applicants are encouraged to submit applications,” according to the news release. “The groundwork for this announcement is the result of a comprehensive effort to reach out to diverse stakeholders in order to understand the needs and barriers restaurants face in accessing emergency relief aid.”

The application process is currently not open to the public but will be announced at a later date.

For more information such as application requirements and program eligibility, visit the SBA’s website.


Julia Marsigliano
Julia Marsigliano
Julia Marsigliano is a multimedia reporter for WYDaily. She covers everything on the Peninsula from local government and law enforcement agencies to family-run businesses and weather updates. Before WYDaily, she covered Hampton and Newport News for WYDaily’s sister publication, HNNDaily before both publications merged in December 2018. Julia was born in Tokyo, Japan and moved to Long Island, New York in 2001. A true New Yorker, she loves pizza, bagels and good Chinese food. Send comments, tips and other tidbits to You can follow her on Twitter at @jmarsigliano

Related Articles