Restaurant Revitalization Fund
The Restaurant Revitalization Fund provides assistance for eligible restaurants, bars and other businesses impacted by COVID-19. The fund was created under the American Rescue Plan Act which allocated $28.6 billion to the Small Business Administration (SBA) to administer the industry-focused grants.
- Food stands, food trucks, food carts
- Bars, saloons, lounges, taverns
- Snack and non-alcoholic beverage bars
- Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
- Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
- Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
- Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
- Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
- Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
Some businesses may also be eligible for the Paycheck Protection Program or Economic Injury Disaster Loan. Businesses that receive a Restaurant Revitalization Fund grant are not eligible to receive a Shuttered Venue Operator Grant. To see if you are cross program eligible, view the SBA’s criteria here.
Use of Funds
- Payroll costs
- Mortgage and rent payments
- Principal and interest payments on debt
- Operations, including maintenance, PPE and cleaning materials
- Outdoor seating operations
- Food and beverage expenses
Restaurants, bars and other eligible providers of food and drink will be able to apply for grants equal to the pandemic-related revenue loss of the eligible entity, up to $10 million, or $5 million per physical location. The grants are calculated by subtracting 2020 revenue from 2019 revenue. There are three calculation categories depending on when the business was in operation.
The SBA has not announced the application open date yet, but has outlined priority application periods.
- Days 1 - 21: All eligible businesses may apply, but the SBA will process priority groups first including: businesses at least 51 percent owned by women, veterans or a socially and economically disadvantaged individual
- Day 22 through fund exhaustion: SBA will accept and process all eligible applications