Restaurant Revitalization Fund

 

This program provided emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.

Active 59.078 Small Business Administration C - Direct Payments For Specified Use Fiscal Year 2022 The American Rescue Plan Act established the Restaurant Revitalization Fund to provide funding to help restaurants and other eligible food establishments keep their doors open during the COVID-19 pandemic. This program provided restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding if funds are used for eligible uses no later than March 11, 2023. American Rescue Plan Act of 2021, V Committee on Small Business Entrepreneurship, Section 5003 – Support for Restaurants, Public Law 117-2 1) Restaurants 2) Food stands, food trucks, food carts 3) Caterers 4) Bars, saloons, lounges, taverns 5) Snack and nonalcoholic beverage bars 6) Bakeries (onsite sales to the public comprise at least 33% of gross receipts) 7) Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts) 8) Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts) 9) Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts) 10) Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts) 11) Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products Not applicable. Applicants had to apply through SBA-recognized Point of Sale Restaurant Partners, or directly via SBA in an online application portal, or the call center support line: 844-279-8898. Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required. Additional documentation required: 1) 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. 2) Gross Receipts Documentation: Any of the following documents demonstrating gross receipts and, if applicable, eligible expenses 3) Business tax returns (IRS Form 1120 or IRS 1120-S) 4) IRS Forms 1040 Schedule C; IRS Forms 1040 Schedule F 5) For a partnership: partnership's IRS Form 1065 (including K-1s) 6) Bank statements 7) Externally or internally prepared financial statements such as Income Statements or Profit and Loss Statements Preapplication coordination is not applicable. This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Restaurants had to apply through SBA-recognized Point of Sale Restaurant Partners, or directly via SBA in an online application portal @ Restaurants.SBA.Gov, or the call center support line: 844-279-8898. Their applications had to go through a review process and eligible entities were awarded based upon program criteria. May 3, 2021 to May 14, 2021 Until funds are exhausted. Estimated dates are 5/3-5/14 but may end sooner based upon volume of applications. From 1 to 15 days. Not applicable. Not applicable. Not applicable. 1) Business payroll costs (including sick leave) 2) Payments on any business mortgage obligation 3) Business rent payments (note: this does not include prepayment of rent) 4) Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest) 5) Business utility payments 6) Business maintenance expenses 7) Construction of outdoor seating 8) Business supplies (including protective equipment and cleaning materials) 9) Business food and beverage expenses (including raw materials) 10) Covered supplier costs 11) Business operating expenses Not applicable. SBA's implementation approach to this program included key objectives also served by the regulations in 2CFR200, such as performance measurement, oversight, and reduction of participant noncompliance risk. Not applicable. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Start May 3, 2021 until the funds are exhausted. Method of awarding/releasing assistance: Lump. Call 1- 844-279-8898 to find a regional or local office for application questions and support. Steve Kucharski
409 3rd St. SW
Washington, DC 20416 USA
Steve.Kucharski@sba.gov
Phone: (202) 205-7551

Sheri McConville
409 3rd St. SW
Washington, DC 20416 USA
Sheri.McConville@sba.gov
Phone: (202) 401-4281 http://www.sba.gov/restaurants 73-0800-0-1-376 (Direct Payments for Specified Use) FY 22$15,177,881.00; FY 23 est $82,942,275.00; FY 24 est $0.00; FY 21$28,514,410,164.00; FY 20$0.00; - $1,000 -> $10 million Program guide and application can be found at www.sba.gov/restaurants Fiscal Year 2022 The American Rescue Plan Act established the Restaurant Revitalization Fund to provide funding to help restaurants and other eligible food establishments keep their doors open during the COVID-19 pandemic. This program provided restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding if funds are used for eligible uses no later than March 11, 2023.