SBA Halts RRF Priority Program Due to Court Order
On Friday evening, the Small Business Administration (SBA) announced that due to a recent court case, they were forced to suspend payments to Restaurant Revitalization Fund (RRF) grant recipients who qualified under the “priority” designation of the RESTAURANTS Act.
Under a preliminary injunction issued by a federal court in Texas, the SBA must keep approving funds for non-priority applicants, but cannot distribute money to those designated as “priority” candidates until the case is settled. 2,965 approved applicants from the priority group that were awaiting the transfer of a RRF grant into their bank account will no longer be receiving those RRF funds.
Reuters published a story with more details, which can be found here.
We are working with the SBA on next steps, but clearly the news underscores the need for Congress to replenish the RRF. We urge you to stay motivated and contact your representatives in Washington to finish the mission and fully fund the RRF. Click here to join our effort.
