On Monday, May 3rd, the Restaurant Revitalization Fund (RRF) started taking applications for emergency relief for food service industry businesses impacted by the COVID-19 pandemic. The application portal, available through the Small Business Administration (SBA), will remain open until funding runs out. It’s important to apply as soon as possible.
RRF recipients will receive funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. One huge benefit of the program is that businesses will not be required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Priority period through May 23
During the first 21 days of the application period, the SBA will prioritize applications from businesses with at least 51% ownership by one or more individuals who are women, veterans, or socially and economically disadvantaged.
Other important information
The RRF application portal is currently open, but before signing in, you’ll need to register for an RRF account. If you need help with the application or have questions, we are able to offer 1 on 1 support. Contact Heidi Jiménez, LEDC Business Development Associate at (651) 395-4037 | heidi@ledcmn.org or Jesus Mendoza at (651) 661-7288 | jesus@ledcmn.org.
Free online Spanish-language Informational seminar
Learn everything you need to know in a free webinar about the Restaurant Revitalization Fund. Register now at this link.
Who can apply for funding
Small businesses that have experienced revenue loss related to the pandemic, including:
- Restaurants
- Food stands, food trucks, food carts
- Caterers
- Bars, saloons, lounges, taverns
- Snack and nonalcoholic beverage bars
- Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
- Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
- Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
- Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
- Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
- Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
The following links also have answers to many of the questions you may have:
If you’re interested in applying to the Restaurant Revitalization Fund, contact Heidi Jiménez, LEDC Business Development Associate, at (651) 395-4037 | heidi@ledcmn.org or Jesus Mendoza at (651) 661-7288 | jesus@ledcmn.org.
