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Restaurant Revitalization Fund Info

Restaurant Revitalization Fund Info

On March 11, the American Rescue Plan Act of 2021 created the $28.6 billion Restaurant Revitalization Fund to provide grants for restaurants sustaining financial losses due to the COVID-19 pandemic. The U.S. Small Business Administration (SBA) is administering the program, and will be issuing the necessary federal rules, regulations, and applications before grant funds are distributed.

Grants are available in amounts of up to $5,000,000 per location and $10,000,000 total for the eligible entity. Review eligibility here.

How to Apply

Step 1: Gather required materials, these include:

For all Applicants, the following documentation is required:

• The application: SBA Form 3172, completed, initialed, and signed. Completion of this form digitally on the SBA Platform will satisfy this requirement.

• Verification for Tax Information: IRS Form 4506-T, completed and signed by Applicant. Completion of this form digitally on the SBA Platform will satisfy this requirement.

• Gross Receipts Documentation: Any of the following documents demonstrating gross receipts and, if applicable, eligible expenses:

  1. Business tax returns (IRS Form 1120 or IRS Form 1120-S);
  2. IRS Form1040 Schedule C; IRS Form 1040 Schedule F;
  3. For a partnership: partnerships IRS Form 1065 (including K-1s);
  4. Bank statements;
  5. Externally or internally prepared financial statements such as Income Statements or Profit and Loss Statements;
  6. Point of sale report(s), including IRS Form 1099-K

Step 2: Businesses interested in applying may make an account with the SBA for this fund at https://restaurants.sba.gov/requests/borrower/login/?next=/

Step 3: Login to this account on Monday, May 3rd at 9:00a.m. to submit your application.

Click Here to View a Sample Application

Click Here to Review the Application Guide

Still have questions? The National Restaurants Association has an email hotline at rrf@restaurant.org plus see their full FAQ page here