SBA reveals $28.6B grant program for restaurants hit hard by the pandemic.
The recent Covid relief law, titled the Restaurant Revitalization Fund (RRF) authorizes a $28.6 billion grant program for hard-hit foodservice businesses. Eligible businesses can apply for grant money that does not need to be repaid which can be vital for businesses like restaurants.
This is a unique industry-specific grant program that was requested and lobbied for by industry leaders. Only foodservice businesses--including bars, restaurants, and caterers--that have fewer than 20 locations will be eligible. Those that have received PPP loans already are also free to apply.
To learn more visit the the System for Award Management (SAM), which is an official website of the U.S. government. There is no cost to use SAM. You can use the site for FREE lean more about this grant program. Click here to get to site.
Get more COVID Relief information for your business at SBA.gov.