The Small Business Administration is now taking registration for a funding program to help restaurant owners struggling due to the pandemic.
The SBA Restaurant Revitalization Fund provides funding to help restaurants and other eligible businesses impacted by COVID-19. The program will provide businesses with funding equal to their pandemic-related revenue loss up to $10 million per business, with a limit of $5 million per physical location.
Eligible restaurant owners receiving the funds are not required to repay the money as long as the money is used for eligible uses no later than March 11, 2023.
Registration for this program opens Friday, April 30, with applications scheduled to open next Monday, May 3, at 11:00 a.m.
To learn more about the SBA Restaurant Revitalization Fund click here.
To apply for the Restaurant Revitalization Fund click here.
Other resources regarding SBA Restaurant Revitalization Fund:
Restaurant Revitalization Fund Program Guide (PDF)
Special Briefing on the Restaurant Revitalization Fund (Webinar)
Restaurant Revitalization Fund Sample Application (PDF)
Additional Details about SBA's Restaurant Revitalization Fund
Restaurant Revitalization Fund (SBA site)