The U.S. Small Business Administration has announced the Restaurant Revitalization Fund, which is designed to provide emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. Learn More.
The Maine District Office of the Small Business Administration will be hosting a few webinars to answer questions about this Fund:
Friday, April 23 at 2:00 p.m. - Restaurant Revitalization Fund Overview with SBA Maine - Register Here
Friday, April 30 at 10:00 a.m. - Restaurant Revitalization Fund Overview with SBA Maine - Register Here
Wednesday, May 5 at 10:00 a.m. - Restaurant Revitalization Fund Overview with SBA Maine - Register Here