Eligible eating establishments have until 5 pm Monday, May 24 to submit applications for SBA's
Restaurant Revitalization Fund.
This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.
The $28.6 billion Restaurant Revitalization Fund signed into law by President Joe Biden established an initial $5 billion set-aside established by Congress for applicants with gross receipts not more than $500,000.
Two additional funding allocations were created to ensure the smallest of the small restaurants and other eating establishments have equitable access: 1) $500 million for applicants with 2019 gross receipts not more than $50,000, and 2) $4 billion for applicants with 2019 gross receipts between $500,000 and $1,500,000.
For more information and to apply for the Restaurant Revitalization Fund, visit sba.gov/restaurants