Restaurant Revitalization Fund (RRF) Grants
A new SBA grant program providing money to qualifying restaurants, bars and other food & beverage businesses.
As SBA lending experts, we're here to help you make sense of this program, learn if you qualify and for how much, and keep up with real-time updates about the program. And if you'd like help, just let us know.
Restaurant Revitalization Fund Grant Highlights
From $1,000 to $5 million per location. Grants are based on the drop in revenue minus PPP loans received.
Use of Funds
Grant money must be used on eligible expenses before March 11, 2023. Unused funds must be returned.
Grants do NOT have to be repaid if used for eligible expenses. These include most normal operating costs.
Different than most SBA programs, businesses do not have to show positive cashflow or income.
Most food and beverages businesses are eligible. Businesses are eligible even if started in 2020 or 2021.
The SBA intends to review and decide on grant approvals within 2 weeks of application submission.
Supporting Small Business:
SBA PPP Loans
Everfund has already helped thousands of businesses obtain SBA PPP loans. Through our lending partners, we've helped clients get over 1300 PPP loans totaling more than $25 million. Our goal with the Restaurant Revitalization Fund grants, just as with PPP loans, is to educate business owners and help everyone who qualifies gets the cash they need. We know government programs can be confusing, so we give you straight answers every step of the way.