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Small Business Administration Restaurant Revitalization Fund opens Monday May 3

The U.S. Small Business Administration (SBA) will begin accepting Restaurant Revitalization Fund registrations on Friday at 6 a.m. PT and open applications on Monday, May 3 at 9 a.m. PT. The online application will remain open to any eligible establishment until all funds are exhausted.

 

SBA recommends qualifying applicants prepare by:

 

  1. Registering for an account at restaurants.sba.gov starting on Friday at 6 a.m. PT
  2. Reviewing the official guidance, including program guide, frequently asked questions, and application sample.
  3. Preparing the required documentation.
  4. Working with a point-of-sale vendor or visiting restaurants.sba.gov to submit an application when the application portal opens. [Note: If an applicant is working with a point-of-sale vendor, they do not need to register beforehand on the site.]

For the first 21 days that the program is open, SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals.

 

All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.

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