Newtek Business Services Corp.
We received updated guidance from the SBA regarding the grant program for restaurants and other eligible businesses impacted by the pandemic known as the Restaurant Revitalization Fund (RRF).

Here are the basics:
  • The program will provide eligible businesses with funding equal to their pandemic-related lost revenue.
  • The maximum amount is $10 million per business and no more than $5 million per location
  • Recipients are not required to repay funding provided the funds are spent on eligible uses no later than March 11, 2023.
Applications are now available on the SBA website. The program will remain open until the funds are depleted.

Apply for RRF
It is worth noting that the SBA is prioritizing applications from restaurants, and other eligible food service small businesses, owned by veterans, women, and socially and economically disadvantaged individuals for the first 21 days. After this, all eligible businesses are encouraged to submit applications.

Should you have any questions, the SBA website has all the information you need here (En español aquí).


Newtek Business Services Corp.