The following resources have been compiled by the Webster Economic Development Alliance to assist small businesses as they respond to the on-going public health emergency. Check back frequently as information is updated regularly.
Restaurant Revitalization Fund
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. 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. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Please see the below information regarding the Restaurant Revitalization Fund (RRF) program and application.
TIME SENSITIVE. The Program Registration Portal opens on Friday, April 30, with applications being accepted beginning Monday May 3.
- You are encouraged to register and establish an account on the SBA Restaurant Revitalization Award Portalbeginning on Friday April 30.
- Please review the Sample Application and the RRF Program Guide to understand all information required.
- On Monday May 3, the Application Portal will open, at which time you can Complete and Submit your application.
- $28.6 billion is available in funding to cover an estimated $270 billion in losses
- Deadline: Application portal opens 5/3/21 but businesses should register starting Friday April 30.
- This money will go very fast - interested businesses should apply on day one, hour one.
- Review the draft application and have it filled out and ready to copy over into live application when the portal opens on Monday.
- Have all documentation saved together and ready to upload.
- Average application time is 10-25 mins if all documentation is prepared and ready to upload ahead of time.
- For the first 21 days, funds will only be awarded to businesses owned 51% or more by women, people of color, veterans, or socially and economically disadvantaged populations.