Starting at 9 a.m. this Friday, April 30, business owners can begin registering for the Restaurant Revitalization Fund program, part of the $1.9 trillion aid package Congress passed in February.

Starting at noon on Monday, May 3, applications can be submitted through the point-of-sale system or on the Small Business Administration website.

The funding will be equal to pandemic-related revenue ​loss (2019 gross receipts minus 2020 gross receipts for businesses existing before 1/1/19) minus PPP funds. Operators who have one location can apply for up to $5 million, and those with multiple locations can apply for up to $10 million. Restaurant groups with more than 20 locations and publicly traded companies are not eligible.

For the first 21 days of the program, the Small Business Administration is prioritizing applications from women, veterans, and socially and economically disadvantaged individuals.

The $28.6 billion fund will be distributed accordingly:

  • $5 billion is reserved for applicants with 2019 gross receipts of no more than $500,000
  • $4 billion is reserved for applicants with 2019 gross receipts of $500,001 to $1,500,000, and
  • $500 million is reserved for applications with 2019 gross receipts of not more than $50,000.

In a press release, the SBA advises applicants to review official guidance before applying, prepare the required documentation, and attend a live virtual training webinar today at 2:30 p.m. Click here to register. The webinar is limited to the first 20,000 registrants. However, it will be recorded and later posted on SBA’s YouTube channel.

Anyone eligible should submit their application as soon as the portal opens, and after the first 21 days, the funds will be issued on a first-come, first-served basis. 

Additional details are included below. If you have questions about the Restaurant Revitalization Fund, let’s talk! Contact our office today at 610.544.5900. 

  • Click here for frequently asked questions regarding program specifics.
  • Click here for a collection of frequently asked technical questions when completing the application/process.

WHO CAN APPLY?

Eligible entities who have experienced pandemic-related revenue loss include:

  • 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.

 Click here for cross-program eligibility on SBA COVID-19 relief options. 

WHERE DO I APPLY?

  • You can apply through SBA-recognized Point of Sale (POS) vendors or directly via SBA in a forthcoming online application portal: https://restaurants.sba.gov. Participating POS providers include Square, Toast, Clover, NCR Corporation (Aloha).
  • If an applicant is working with a POS vendor, they do not need to register beforehand on the https://restaurants.sba.gov application portal.
  • Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required.
  • If you would like to prepare your application, view the sample application form. You will be able to complete this form (SBA Form 3172) online. Please do not submit RRF forms to SBA at this time.

WHAT DOCUMENTATION DO I NEED?

  • Verification for Tax Information
    • IRS Form 4506-T, completed and signed by Applicant.
    • Completion of this form digitally on the SBA platform will satisfy this requirement.
  • Gross Receipts Documentation
    • Any of the following documents demonstrating gross receipts and, if applicable, eligible expenses
      • Business tax returns (IRS Form 1120 or IRS 1120-S)
      • IRS Forms 1040 Schedule C; IRS Forms 1040 Schedule F
      • For a partnership: partnership’s IRS Form 1065 (including K-1s)
      • Bank statements
      • Externally or internally prepared financial statements such as Income Statements or Profit and Loss Statements
      • Point of sale report(s), including IRS Form 1099-K

For applicants that are a brewpub, tasting room, taproom, brewery, winery, distillery, or bakery:

  • Documents evidencing that onsite sales to the public comprise at least 33.00% of gross receipts for 2019, which may include Tax and Trade Bureau (TTB) Forms 5130.9 or TTB.
    • For businesses that opened in 2020, the Applicant’s original business model should have contemplated at least 33.00% of gross receipts in onsite sales to the public.

For applicants that are an inn:

  • Documents evidencing that onsite sales of food and beverage to the public comprise at least 33.00% of gross receipts for 2019.
    • For businesses that opened in 2020, the Applicant’s original business model should have contemplated at least 33.00% of gross receipts in onsite sales to the public.