Incentives

Restaurant Revitalization Fund

Eligibility

Eligible entities are businesses that are not permanently closed and include businesses where the public or patrons assemble for the primary purpose of being served food or drink including:

  • Restaurants
  • Food stands, food trucks, food carts
  • Caterers
  • Bars, saloons, lounges, taverns
  • Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
  • Other similar places of business in which the public or patrons assemble for the primary purpose of being served food or drink
  • Snack and nonalcoholic beverage bars
  • *Bakeries
  • *Brewpubs, tasting rooms, taprooms
  • *Breweries and/or microbreweries
  • *Wineries and distilleries
  • **Inns

Bakeries, brewpubs, tasting rooms, taprooms, breweries, microbreweries, wineries and distilleries: on-site sales to the public comprised at least 33% of gross receipts in 2019. For businesses who opened in 2020 or that have not yet opened, the Applicant’s original business model should have contemplated at least 33% of gross receipts in on-site sales to the public.

Amount

  • A minimum of $1,000 (if qualified) and up to $5,00,000
  • Business does not qualify if their request is lower than $1,000

Use of Funds Verification

All Applicants have until March 11, 2023 to use award funds. Not later than December 31, 2021 all Applicants are required to report through the application portal how much of their award has been used against each eligible use category. If the Applicant fully expends their funds prior to December 31, 2021, they will be asked to certify in the application portal that proceeds have been used on eligible expenses. All Applicants that do not fully expend award funds prior to December 31, 2021 will be required to complete annual reporting submissions until they fully expend the award funding or the period of performance expires.

Use of Funds

You may use funds for the following expenses during your covered period:

  1. Business payroll costs, including sick leave and costs related to the continuation of group health care, life, disability, vision, or dental benefits during periods of paid sick, medical, or family leave, and group health care, life, disability, vision, or dental insurance premiums;
  2. Payments on any business mortgage obligation (both principal and interest;
  3. Business rent payments, including rent under a lease agreement
  4. Business debt service (both principal and interest;
  5. Business utility payments for the distribution of electricity, gas, water, telephone, or internet access, or any other utility that is used in the ordinary course of business for which service began before March 11, 2021.
  6. Business maintenance expenses including maintenance on walls, floors, deck surfaces, furniture, fixtures, and equipment;
  7. Construction of outdoor seating;
  8. Business supplies, including protective equipment and cleaning materials;
  9. Business food and beverage expenses, including raw materials for beer, wine, or spirits;
  10. Covered supplier costs, which is an expenditure made by the eligible entity to a supplier of goods for the supply of goods that: • Are essential to the operations of the entity at the time at which the expenditure is made; and
  11. Is made pursuant to a contract, order, or purchase order in effect at any time before the receipt of Restaurant Revitalization funds; or
  12. With respect to perishable goods, a contract, order, or purchase order in effect before or at any time during the covered period;
  13. Business operating expenses, which is defined as business expenses incurred through normal business operations that are necessary and mandatory for the business

Other Notes

  • Applications open May 3, 2021
  • How to Apply:
    • There are three ways to apply for the Restaurant Revitalization fund.
      • Through a recognized SBA Restaurant Partner
      • Through SBA directly at restaurants.sba.gov
      • Telephonically at (844) 279-8898

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