What to Know About the Restaurant Revitalization Fund

According to the Small Business Administration, the Restaurant Revitalization Fund 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.

  • 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.

You will need documentation to prove your eligibility:

Relevant entities will also have to prove they meet the 33% thresholds.

For more information, go to the SBA website or contact us.

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