This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.
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Restaurant news
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Summary of H.R.3807 - 117th Congress (2021-2022): Restaurant Revitalization Fund Replenishment Act of 2021
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The House voted yes on a bill Thursday that would fund every operator that originally applied for the Restaurant Revitalization Fund. The Senate vote is next.
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What Is the Restaurant Revitalization Fund (RRF)? The Restaurant Revitalization Fund (RRF) is part of the American Rescue Plan Act which will be providing $28.6 billion in grants to restaurants and bars affected by the COVID-19 pandemic. The SBA is administering the program and explains that the RRF “was established to provide funding to help restaurants and other eligible businesses keep their doors open”. The funding is meant to alleviate some of financial difficulties faced by the hard-hit restaurant industry due to lost revenue from mandated closures and/or capacity restrictions. When Will the Restaurant Revitalization Fund Be Available? The SBA...
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Breaking News: Restaurant Revitalization Fund Replenishment Act | KROST
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The Restaurant Revitalization Fund was a lifeline for food and beverage providers, helping them rebuild from the effects of pandemic-related revenue loss.
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The Restaurant Revitalization Fund (RRF) has opened to new applicants beginning May 3, 2021. The RRF offers tax-free grants that do not need to be repaid to restaurants and similar businesses to help them cope with the COVID-19 pandemic. Created by the American Rescue Plan Act, the RRF provides grants of up to $10 million per business and $5 million per location.
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