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Economic Development News

Posted on: May 3, 2021

SBA Accepting Applications for Restaurant Revitalization Fund Grants

Two restaurant owners assess receipts together at a table.

The U.S. Small Business Administration (SBA) is accepting applications for the Restaurant Revitalization Fund (RRF). The online application will remain open to any eligible establishment until all funds are exhausted. Visit SBA's Restaurant Revitalization Fund page to learn more and access the application portal. 

Established under the American Rescue Plan and signed into law by President Biden in March, the RRF provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

The National Restaurant Association offers a document (PDF) to answer the most common questions RRF program.

Visit the Application Portal
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