Restaurant Revitalization Funding Program Guide.pdf

Key Takeaways (as of April 20th, 2021)

This program provides funding to restaurants, bars, and similar food/drink establishments impacted by COVID-19.

Who's Eligible?

Types of Businesses: Restaurants, food stands, caterers, bars, saloons, lounges, taverns, beverage alcohol producers, snack bars, bakeries, brewpubs, tasting rooms, breweries, microbreweries, wineries, distilleries, and inns.
Location: Located in an airport terminal or operating independently inside another business.
Ownership: C Corporations, S-Corporations, Partnerships, LLCs, Sole Proprietors, Self-employed individuals, Independent contractors, Tribal businesses.
Tax Status: Valid EIN, SSN, or ITIN; cannot be expired.
Operating Status: Open, temporarily closed, opening soon with expenses incurred before March 11, 2021, or permanently closed (but not bankrupt).

Funding Details:

Purpose: Support businesses that suffered revenue losses due to COVID-19.
Source: Restaurant Revitalization Fund established by the American Rescue Plan Act (ARPA) with $28.6 billion in appropriations.
Use By: March 11, 2023.
Calculation: Funding amounts vary based on when your business was operational before January 1, 2019:
Pre-2019 Operations: Calculated based on pre-2019 sales.
Partial 2019 Operations: Pro-rated based on period of operation.
2020/2021 Operations: Based on eligible expenses incurred from March 11, 2020 to March 11, 2021.

Eligible Uses:

Funding must be used for:

Rent and utilities
Payroll costs
Supplies and materials
Debt service
Mortgage interest
Insurance premiums
Cleaning and sanitization
Technology investments (e.g., delivery platforms)

Application Process:

SBA Restaurant Partners: Apply through approved partners listed on the SBA website.
Directly through SBA: Apply online, by phone, or in person.
Help Filing: Assistance is available for completing applications.

Important Dates:

Available Funds: While funds last (until expended).
* Application Deadline: March 11, 2023