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Restaurant Revitalization Fund

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  • Restaurant Revitalization Fund

    Information taken from https://www.sba.gov/funding-programs...alization-fund and Restaurant Revitalization Funding Program Guide

    Program details


    The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. 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.

    ...................................

    SBA is awarding funding through the Restaurant Revitalization Program to restaurants, bars, and other similar places of business that serve food or drink. The purpose of this funding is to provide support to eligible entities that suffered revenue losses related to the COVID-19 pandemic.

    Important Notes:
    • Eligibility: Brewpubs, tasting rooms, taprooms, breweries and microbreweries are specifically listed as bein eligible. : In order to be eligible, these businesses must provide documentation with their application that on-site sales to the public comprised at least 33% of gross receipts in 2019. For businesses who opened in 2020 or that have not yet opened, the Applicant’s original business model should have contemplated at least 33% of gross receipts in on-site sales to the public.
    • Calculation of Funding Amount:
      • Up to $5,000,000 per location;
      • Minimum funding of $1,000;
      • See calculation options on pages 7-9 of the Guide
    • How to Apply: Information on pages 10-12 of the Guide
      ​​​​

    Dan Christopherson
    Christopherson Brew Law
    Littleton, CO 80128
    (720) 515-8773
    dan@brew.law
    brew.law
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