Restaurant Revitalization Fund: How To Report Your Expenditures

If your business had the good fortune to receive a tax-free grant from the Restaurant Revitalization Fund (RRF), you are probably aware that the funds must be used for eligible expenses during the "covered period." Generally, recipients must use the funds by March 11, 2023, for eligible expenses incurred from February 15, 2020, through March 11, 2023 (or, if sooner, when the business permanently closes). Any unused funds must be returned to the U.S. Department of the Treasury.

Related Read: $28.6 Billion Federal Restaurant Relief

To confirm that the grant money is being spent appropriately, recipients must file annual Use of Funds reports with the U.S. Small Business Administration (SBA) until the funds have been depleted. You must submit the report through the SBA's Restaurant Revitalization Award Portal at https://restaurants.sba.gov. If you did not spend all of your funds by the end of 2021, the next report is due December 31, 2022.