Applications Now Open for Federal Assistance from the Restaurant Revitalization Fund (RRF)
Many business were hit hard, and are still struggling, because of the COVID-19 pandemic. Restaurants were no exception. Fortunately, the American Rescue Plan Act has established the Restaurant Revitalization Fund (RRF). This program is designed to provide financial aid to help restaurants, bakeries, catering, and more keep their doors open. This program will provide funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location.
Visit the website of US Small Business Administration for a complete description of who can apply, how to apply, and other important information on the application process. The government has given priority will be given to small businesses who are majority owned by women, veterans, and those socially or economically disadvantaged. However, only when funds have been exhausted will applications no longer be accepted.