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Showing posts from May, 2021

Covid-19 Relief Program: Restaurant Revitalization Fund

  Is your restaurant in need of help doing these challenging times? I want to share with you a new program that provides emergency assistance for eligible restaurants, bars, and other qualifying businesses. Applications are now open.  The Restaurant Revitalization fund is being made available from the American Rescue Plan Act, and provides restaurants funding equal to their pandemic related revenue loss. The funds cover up to $10 million per business, and no more than $5 million per physical location. Recipients of the award do not have to repay the funds if all funds are used by March 11, 2023.  Applicants can apply through SBA recognized point of scale (POS) vendors, or directly with SBA  https://restaurants.sba.gov   (Registration on this portal is not required if working with Square or Toast). Please review this sample application for an idea of what is expected: https://www.sba.gov/document/sba-form-3172-restaurant-revitalization-funding-application-sample Documentation required