SBA Restaurant Revitalization Fund Resources
The U.S. Small Business Administration (SBA) is awarding funding through the Restaurant
Revitalization Fund (RRF) to restaurants, bars, and other similar places of business that serve food
or drink. The purpose of this funding is to provide support to eligible entities that suffered
revenue losses related to the COVID-19 pandemic.
Revel created this web page to provide resources to help Revel clients easily submit an application for the Restaurant Revitalization Fund.
The registration process starts on Friday, April 30 at 9:00am EDT and you can officially submit starting at Monday, May 3rd at noon EDT. The earlier an application is approved the better chance it has to receive funding (first come first served!), so please try and apply as soon as possible - ideally Monday.
Please note that while Revel is pleased to provide assistance to our clients with respect to the registration process, Revel is not providing legal or business advice regarding the registration process nor is it in any way representing or guaranteeing that any client will receive funding. Clients should carefully review all SBA requirements to ensure that they have correctly completed the application process.
If you have any additional questions, SBA’s website is the best source of information.
Frequently Asked Questions
What are the eligibility requirements for an RRF grant?*
Eligible entities who have experienced pandemic-related revenue loss include:
- Food stands, food trucks, food carts
- 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
How much can I receive through this program?*
This 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.
- $5 billion is set aside for applicants with 2019 gross receipts of not more than $500,000
- An additional $4 billion is set-aside for applicants with 2019 gross receipts from $500,001 to $1,500,000
- An additional $500 million is set-aside for applicants with 2019 gross receipts of not more than $50,000
For additional detail on your potential grant, please visit the section “Calculation of Funding Amount” in the program guide.
How do I get the sales data I need to submit to apply for funds?
- A. Begin with gross receipts as reported on your 2019 and 2020 Federal tax returns.
- B. Based on the program guidelines, the Sales Summary report in the Revel Management Console should provide the detail you need. Click here for details on how to generate that report.