Restaurants and food-based businesses impacted by COVID-19 are encouraged to apply for emergency assistance through the Restaurant Revitalization Fund (RRF). Established through the American Rescue Plan Act, the fund makes available up to $10 million per business and no more than $5 million per location to help restaurants, bars and other eligible businesses keep their doors open.
Eligible entities who have experienced pandemic-related revenue loss include:
Food stands, food trucks, food carts
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
The first 21 days of the program beginning May 3, 2021 will give priority to businesses owned by disadvantaged groups including minorities, women and veterans. Those who are not considered a disadvantaged owner are still encouraged to apply during this period.
In the first two days of the RRF application window, the SBA has received 186,200 applications. Of the applications received, 52% were owned by disadvantaged owners and 33% of applicants have revenues less than $500,000. Applicants are encouraged to act fast. For more information, visit the SBA or contact Aventi Enterprises for a free introductory call to discuss eligibility and more.