RESTAURANT REVITALIZATION FUND APPLICATION OPENS TODAY AT NOON
The American Rescue Plan Act (ARPA) 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 and other eligible food and beverage industries with funding equal to their pandemic-related revenue loss up to $10 million per business with a limit of $5 million per physical location. Award amounts will be adjusted by PPP funds received previously. Recipients are not required to repay the RRF funds as long as they are used for eligible costs no later than March 11, 2023.
- Registration for the RRF began Friday April 30
- Applications will be accepted on Monday May 3 at noon
- The Small Business Administration (SBA) will accept applications from all eligible applicants, but will process and fund priority groups in the first 21 days
- Days 22 through fund exhaustion, the SBA will accept applications from all eligible applicants and process applications in the order in which they are approved
Watch this 1-hour webinar for a special briefing of the program including required documents, eligible entities, entities that do not qualify, calculation examples of funding amount, and eligible business expenses the funds can be used for.
Offices located in the Daytona Beach International Airport (passenger terminal)
700 Catalina Drive, Suite 200
Daytona Beach, Florida 32114
386-248-8048 · 800-554-3801