Jack Spirakes, Public Information Officer
U.S. Small Business Administration (SBA)
The U.S. Small Business Administration (SBA) recently announced the closure of the Restaurant Revitalization Fund (RRF). Through the American Rescue Plan Act, the SBA launched the RRF to provide funding to help restaurants and other eligible businesses keep their doors open. The SBA received over 370,000 applications from restaurant owners across the United States.
The program provided a total of $28.6 billion in critical funding to over 105,000 restaurants. As part of this effort, the Restaurant Revitalization Fund supported 3,777 small restaurants with gross receipts of less than $50,000 in 2019.
Due to overwhelming demand, and given the original appropriation provided in the American Rescue Plan Act, the SBA was unable to fund all qualified applications. Applicants who have not received funding will have their applications held in the order received within the RRF application platform to allow for processing if additional funds are made available by Congress.
The Restaurant Revitalization Fund application platform will remain open until mid-July to allow applicants to check their status, address payment corrections, and/or ask questions. The SBA will disable access to the platform on July 14, 2021.
Existing program information can be found at https://www.sba.gov/rrf.
Idaliz Ortiz is a Puerto Rican former multimedia journalist. She received a GLAAD award in 2017 for Spanish Programing - Special Feature, and was twice nominated for a Capital Emmy Award. She is currently the GWHCC Director of Marketing and Communications. Feel free to email her at firstname.lastname@example.org