Aid available for restaurants, other businesses through SBA

Registration is now open for the Restaurant Revitalization Fund, a program through the Small Business Administration (SBA) aimed at helping restaurants and other eligible businesses impacted by the COVID-19 pandemic.

The 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 do not have to repay the funding as long as funds are used for eligible purposes no later than March 11, 2023.

Eligible businesses include:

·       Restaurants

·       Food stands/trucks/carts

·       Caterers

·       Bars/saloons/lounges/taverns

·       Snack and nonalcoholic beverage bars

·       Bakeries whose onsite sales to the public comprise at least 33 percent of gross receipts

·       Brewpubs/tasting rooms/taprooms whose onsite sales to the public comprise at least 33 percent of gross receipts

·       Breweries and/or microbreweries whose onsite sales to the public comprise at least 33 percent of gross receipts

·       Wineries and distilleries whose onsite sales to the public comprise at least 33 percent of gross receipts

·       Inns whose onsite sales of food and beverage to the public comprise at least 33 percent of gross receipts

·       Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample or purchase products

Priority will be given to small businesses that are majority-owned by veterans, women, and/or the socially and economically disadvantaged.

For more information and to apply, click here.