U.S. Small Business Administration Launches Restaurant Revitalization Fund Website

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The U.S. Small Business Administration (SBA) released details about the Restaurant Revitalization Fund today via a new website that provides qualifying businesses with information about how and when to apply for the program.

Ahead of the application launch and over the next two weeks, the SBA will establish a seven-day pilot period for the Restaurant Revitalization Fund application portal. SBA and district offices across the country will conduct extensive outreach to small businesses interested in applying.

Following the pilot, the application portal will open to the public. For the first 21 days, SBA will prioritize reviewing applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals. Following the 21-day period, all eligible applicants are encouraged to submit applications.

The Brewers Association and the SBA hosted a webinar about the Restaurant Revitalization Fund on April 9, where the SBA shared details about the program. Breweries should note that to apply, they must be able to show proof that 33% of their revenue is derived from onsite sales.

The Restaurant Revitalization Fund is a $28.6 billion fund created to provide additional relief for hospitality businesses that derive the majority of their income from direct-to-consumer, onsite sales. The language was derived from the RESTAURANTS Act (H.R. 793/S.255), a piece of legislation that would expand to the size of the fund to $120 billion. The Brewers Association (BA) encourages breweries to contact their members of Congress to support this bill and help ensure that the program is fully funded. Use the BA’s Contact Congress form to connect with your legislator today.