Restaurant Revitalization Fund (RRF)

  • April 21, 2021

Our colleagues at The Coppola Firm shared this great post on the new Restaurant Revitalization Fund for food, beverage, and hospitality-related businesses in the United States. https://coppola-firm.com/2021/04/restaurant-revitalization-fund/?fbclid=IwAR1d2fKxIIibgMESO0xTAFjzE_vFZiBG26EuFYbSDUbBy5P3zZ623xGHnuI and we thought we would help spread the word. The fund will provide up to $10,000,000 to keep hospitality companies in business throughout the pandemic.

Eligibility for the Restaurant Revitalization Fund

  • Restaurants
  • Food stands, food trucks, food carts
  • Caterers
  • Bars, saloons, lounges, taverns
  • Snack and nonalcoholic beverage bars
  • Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
  • Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
  • Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
  • Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
  • Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
  • Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

Be Advised:

Documents evidencing that onsite sales to the public comprise at least 33.00% of gross receipts for 2019, which may include Tax and Trade Bureau (TTB) Forms 5130.9 or TTB. For businesses that opened in 2020, the Applicantโ€™s original business model should have contemplated at least 33.00% of gross receipts in onsite sales to the public.

For applicants that are an inn: Documents evidencing that onsite sales of food and beverage to the public comprise at least 33.00% of gross receipts for 2019. For businesses that opened in 2020, the Applicantโ€™s original business model should have contemplated at least 33.00% of gross receipts in onsite sales to the public.

Applicants may apply through SBA-recognized Point of Sale Restaurant Partners or directly via SBA in a forthcoming online application portal. Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required.

Visit the SBA Website for more details: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund#section-header-0

Be prepared now. If you have questions about this or other grant funding opportunities, schedule a consult call with us to talk about your needs and what we can do for you. Schedule your consult call here.


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