SBA Restaurant Revitalization Fund applications open May 3

SBA Restaurant Revitalization Fund applications open May 3CONTRA COSTA COUNTY, CA — The American Rescue Plan Act established the Restaurant Revitalization Fund. It provides funding to help restaurants and other eligible businesses keep their doors open.

This program will provide restaurants with funding equal to their pandemic-related revenue loss. It covers up to $10 million per business and no more than $5 million per physical location. Recipients do not need to repay the funding as long as they use funds for eligible uses no later than March 11, 2023.

Registration for the SBA application portal began on Friday, April 30. Applications opened on Monday, May 3, 2021. Click here to apply.

The Small Business Administration hosted webinars in April which covered the Restaurant Revitalization Fund program details and how to submit an application. If you missed the session, watch it here: