ARTICLE · 28 MAY 2021

New Program To Provide Relief To Restaurant Industry

Husch Blackwell LLP

Explore more from Husch Blackwell LLP

The Restaurant Revitalization Funding program, established pursuant to the American Rescue Plan Act signed into law March 11, 2021, provides eligible businesses with the opportunity to recoup a portion of their pandemic-related revenue losses.

United StatesMedia, Telecoms, IT, Entertainment

Kirstin P. Salzman

Jessica M. Zeratsky

Kyle J. Gilster

Christopher W. Peterson

Restaurant Revitalization Funding Program Applications Will Be Accepted Starting May 3, 2021

The Restaurant Revitalization Funding (RRF) program, established pursuant to the American Rescue Plan Act signed into law March 11, 2021, provides eligible businesses with the opportunity to recoup a portion of their pandemic-related revenue losses. Recently, the Small Business Administration (SBA) published a Program Guide for the RRF program and has indicated that - beginning April 30, 2021 at 9:00 a.m. EDT - businesses can pre-register for the program. Then, applications may be submitted starting May 3, 2021 at 12:00 p.m. EDT. This alert discusses some of the key provisions of the RRF program. Additional information can be found on the SBA's website.

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