The Restaurant Revitalization Fund is the first federal pandemic aid exclusively for restaurants, bars and other food-service businesses. Grant recipients are eligible to receive funding equivalent to their pandemic-related revenue loss, up to $10 million per business, according to the SBA website. A single physical location can receive no more than $5 million. Grant funds may be used for expenses such as payroll costs, business supplies, and construction of outdoor seating.
For the first 21 days, priority goes to minority owned businesses by women, veterans, or people who are socially and economically disadvantaged. Other applications will be funded on a first come, first serve basis after first 21 days.
Interested small businesses can register for the Restaurant Revitalization Fund at portal: www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund
