SBA Opens the Restaurant Revitalization Fund Application

Posted May 4, 2021
By Dennis Haywood

​​Importantly, the SBA will begin accepting applications via the application portal TODAY at 12 p.m. EDT. The application portal will remain open to any eligible establishment until all funds are exhausted.

We urge eligible entities to swiftly apply. As we mentioned last Friday afternoon, failure to apply as early as possible may significantly risk grant opportunity as the American Rescue Plan Act authorized only $28Billion for RRF grants. 

Priority groups from the law (women, minority, and veteran populations) will have their applications reviewed (and funded) first. We have attached the latest guide from SBA, please read closely. 

The following material is critical for a successful application submission:

Business Information – including owners and their tax identification information
2019 and 2020 Tax Return Information
Relevant PPP Loan Information (including SBA Number and Amount)
Bank Account (Operating Account Information)
Bank Account Online Credentials for Secure Linking to the SBA
Finally, we've included a special FAQ section for eligible entities to review. USBC has worked with the SBA to address as many questions as possible, see here. 

To view an SBA overview and deep dive into the application portal, see here. 
If you need assistance with your application, please attend our office hours May 3-5, 2021. Register at www.usblackchambers.org/webinars.