SBA Announces Official Restaurant Revitalization Fund Application & Guidelines
RESTAURANT REVITALIZATION FUND (RRF) GRANT
Application will be live within two weeks - earliest estimate is April 30th
Important Information to Note Before Applying:
- This is first come, first serve
- Best to apply as soon as it goes live as this will be competitive
- First 21 days: only women, veteran, minority and socially & economically disadvantaged businesses will be given funds (self certify you are 51% owned)
- Day 22: all businesses will be able to get funded
- You are NOT required to have a DUNS number or SAM registration to apply
- You cannot apply for this if you applied for the SVOG program
- It will be disbursed as a direct payment like the EIDL Advance (i.e. not through a bank only through SBA)
Grant Details - Click HERE for HELPFUL FLYER
- Up to $5 million per location, $10 million per entity
- Eligible entities include: Restaurants, Caterers, Inns, Taverns/Bars/Lounges, Brewpubs, Tasting Rooms, Taprooms, Food Trucks
- Flexible uses; Grant money not spent by 3/31/2023 must be returned to the federal government
Notes For Filling Out Application:
- Make sure all information matches what is on your tax forms (that is personnel names, business names and addresses match) - this will help make sure your application is able to be approved
- Sales Tax forms will help determine the 33% backup for bakeries, brewpubs, breweries, wineries and inns
- If you did receive a PPP or EIDL, your total grant request will subtract the loan amount
Documents Needed to Apply:
- Application SBA Form 3172
- Tax Verification - IRS Form 4506T
- 2019 Gross Revenue (tax filing)
- 3 months of bank statements
- 2020 Gross Revenue (tax filing or business plan if you launched in 2020)
- PPP loan approvals (if any)
Links, Information & Sample Application:
- SBA Call center support: 1-844-279-8898
- SBA site link
- Program application guide
- Draft Application form (SBA Form 3172)
- Latest webinar recording outlining application guidance
- Slide deck on details on this program and application
START NOW in Getting Everything Ready and Get Support In Applying:
Our team is here to support you in applying and answering questions. Please sign up HERE or call (415) 482-1819. If you are already working with a SBDC Advisor who assisted you with any funding source, please reach out to them.
UPCOMING RRF WEBINARS
Wednesdays May 5th & May 19th at 10:30 AM
