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The Restaurant Revitalization Fund (RRF or Program) is a $28.6 billion program administered by the Small Business Administration (SBA) which will provide direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. Although KeyBank is not servicing the Program, we want to help you navigate it by making all the details, application information, and frequently asked questions available here.

Applying for the Restaurant Revitalization Fund

For the first 21 days of the Program, the SBA will prioritize funding businesses owned and controlled by women, veterans and socially and economically disadvantaged individuals. However, all eligible businesses should apply as soon as the application opens, as the SBA will fund eligible applications on a first-come, first-served basis following the 21 day priority period end. Additionally, the SBA has indicated that the RRF may not have enough funding to adequately serve all eligible businesses.

The SBA will begin registrations for the Program on Friday, April 30, 2021, with applications opening May 3, 2021.

Frequently asked questions about the Restaurant Revitalization Fund

How is the SBA allocating RRF funds?
  1. $5 billion is for applicants with 2019 gross receipts of not more than $500,000.
  2. $4 billion is for applicants with 2019 gross receipts from $500,001 to $1,500,000.
  3. $500 million is for applicants with 2019 gross receipts of not more than $50,000.
  4. The SBA will allocate the remaining $19.1 billion in funding in accordance with Program rules.
What types of businesses are eligible?

The following are eligible businesses under the Act, including eligible businesses located within an airport terminal, that operate independently inside another business, or are Tribally-owned concerns.

  • Restaurants
  • Food stands, food trucks, food carts
  • Caterers
  • Bars, saloons, lounges, taverns
  • Snack and nonalcoholic beverage bars
  • 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

For details about eligibility for the following business types, visit sba.gov/restaurants.

  • Bakeries
  • Brewpubs, tasting rooms, taprooms
  • Breweries and/or microbreweries
  • Wineries and distilleries
  • Inns

Businesses are ineligible if they:

  • Are state or local government-operated
  • Are permanently closed
  • Have an expired EIN, SSN or ITIN
  • Have more than 20 locations (together with any affiliated business)
  • Applied for or received a Shuttered Venue Grant
  • Nonprofit
  • Publicly traded

For additional details about eligibility, visit sba.gov/restaurants.

When will the SBA review and fund my application?

Priority period
Days 1 through 21

SBA will accept applications from all eligible applicants, but only process and fund priority group applications.

During this period, SBA will fund applications where the applicant has self-certified that it meets the eligibility requirements for a small business owned by women, veterans, or socially and economically disadvantaged individuals.

Open to all applicants
Days 22 through funds exhaustion

SBA will accept applications from all eligible applicants and process applications in the order in which they are approved by SBA.

What funding amount may I expect to receive?

Eligible businesses can receive an amount equal to their pandemic-related revenue loss, which is the difference between their 2020 and 2019 gross receipts, minus Paycheck Protection Program (PPP) loan funding.

The SBA has established a minimum funding need of $1,000 and a maximum funding award of $5,000,000 per business location (not to exceed $10,000,000 total for an applicant and its affiliated businesses).

How are grant amounts determined?

To determine the grant amount for businesses that began operating in 2019, a business would annualize its average monthly gross receipts for 2019 and compare that to its annualize gross receipts for 2020, then subtract any PPP loan funding.

To determine the grant amount for businesses that began operating in 2020, a business would need to take the difference between qualified grant expenses (i.e., payroll, supplies, utilities, rents, etc.) and its gross receipts for 2020.

This guidance generally states the rules and instructions necessary to determine your eligible funding amount. All applicants should refer to SBA guidance for specific rules and instructions on calculating its funding amount.

What certifications are required to apply?

Applicants seeking prioritized funding (i.e., small businesses at least 51 percent owned and controlled by individuals who are women, veterans, and/or socially and economically disadvantaged individuals) must self-certify their eligibility for priority status.

All applicants must certify in good faith that an RRF grant is necessary to support the ongoing or anticipated operations of the applicant because of current economic uncertainty.

All applicants must certify they haven’t applied for, or received, a grant under the SBA’s Shuttered Venue Operators Grant (SVOG) program.

What can eligible businesses use their grants for?

Grants can be used for qualified expenditures related to a business’s operation from February 15, 2020 to March 11, 2023 or when the business permanently closes. Eligible expenses include:

  • Payroll costs
  • Payments of principal or interest on any mortgage (not including prepayments)
  • Rent payments (not including prepaid rent)
  • Utilities
  • Maintenance costs, including walls, floors, deck surfaces, furniture, fixtures and equipment and construction to accommodate outdoor seating
  • Supplies, including personal protective equipment
  • Food and beverage
  • Covered supplier costs
  • Operational costs
  • Paid sick leave
  • Any other expenses the SBA determines are essential to maintaining the business
Where can I find out more?

For additional information, visit sba.gov/restaurants.

Where can I apply?

Visit restaurants.SBA.gov.

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