Restaurant Revitalization Fund
The American Rescue Plan Act (ARPA) became public law on March 11, 2021 and established the RRF. ARPA appropriated $28.6 Billion for RRF, authorizing SBA to award funds. The appropriations will remain available until expended.
The Small Business Administration (SBA) administers this program (not banks). We are here to help you navigate the questions you have about this relief program, but do not accept applications. Visit the SBA to start your application at here.
Registrations will begin on Friday, April 30, 2021 at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to an eligible establishment until all funds are exhausted.
Who is Eligible?
- Food stands, food trucks, food carts
- Bars, saloons, lounges, taverns
- Snack and nonalcoholic beverage bars (e.g., coffee shops, ice cream shops)
- 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.
- Other similar places of business in which the public or patrons assemble for the primary purpose of being served food or drink
All entities listed above that do not have an asterisk are presumed to have greater than 33% onsite in 2019 food and beverage sales.
What are the Eligible Funds Used For?
- Business payroll costs (including sick leave)
- Business utility payments
- Business maintenance expenses
- Business supplies (including protective equipment and cleaning materials)
- Business food and beverage expenses (including raw materials)
- Covered supplier costs
- Business operating expenses (insurance, marketing, fees, licenses, legal POS equipment, etc.)
- Construction of outdoor seating
- Expansion costs are ineligible
- Payment on any business mortgage obligation (both principal and interest). Not including any prepayment of principal or interest.
- Business debt service (both principal and interest. This does not include any prepayment of principal or interest.
When Do I Have to Use the Funds?
- The funds must be spent on expenses that were / are incurred between February 15, 2020 and March 11, 2023.
- If the business permanently closes after receiving funds, the covered period will end when the business permanently closes or on March 11, 2023, whichever occurs sooner.
- Any funds not spent on eligible expenses by the time the covered period ends must be returned to the government.
- Use of funds assessed - after the total awarded funds have been exhausted, entities must provide a detailed expenditure report and certification for the required period.
- Until applicant completes the Use of Funds Assessment, beginning December 2021, applicants are required to provide self-reported unaudited data detailing use of the distributed funds each year through 2023.
- SBA will provide the additional guidance that outlines the detailed reporting requirements and procedures in the coming weeks.
How do I calculate My Potential Fund Amount?
Calculation 1: Applicants in operation prior to or on January 1, 2019
2019 gross receipts minus 2020 gross receipts minus PPP loan amounts
Calculation 2: Applicants that began operations partially through 2019*
Average 2019 monthly gross receipts X 12 minus 2020 gross receipts minus PPP loan amounts
*Applicants that began operations partially in 2019 may choose to use calculations 2 or calculations 3. However, calculation 3 could require longer processing times.
Calculation 3: Applicants that began operations on or between January 1, 2020 and March 10, 2021 and applicants not yet opened but have incurred eligible expenses as of March 11, 2021*
Total amount spent on eligible expenses between February 15, 2020 and March 11, 2021 minus 2020 and 2021 gross receipts minus PPP loan amounts.
*Applicants that began operations partially in 2019 may choose to use calculation 2 or calculation 3. However, calculation 3 could require longer processing times.
How Do I Apply?
- Directly through the SBA Platform at restaurants.sba.gov
- Through a Point-of-Sale Vendor
- Through the telephone at * 1-844-279-8898 (phone applications will have longer processing times)
How Do I Get Help Applying?
- Visit restaurants.sba.gov
- Call center hotline 1-844-279-8898