SBA Restaurant Revitalization Fund Update! | NLTRANLTRA

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SBA Restaurant Revitalization Fund Update!

04.27.21

SBA Restaurant Revitalization Fund Update!
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The U.S. Small Business Administration will begin registrations on Friday, April 30 at 6am and open applications on Monday, May 3 at 9am for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted.
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In preparation, the SBA recommends qualifying applicants familiarize themselves with the application process in advance to ensure a smooth and efficient application experience, specifically by:
-Registering for an account in advance at sba.gov starting Friday, April 30 at 6am.
-Reviewing the official guidance, including program guide, frequently asked questions, and application sample.
-Preparing the required documentation.
-Working with a point-of-sale vendor or visiting sba.gov to submit an application when the application portal opens. [Note: If an applicant is working with a point-of-sale vendor, they do not need to register beforehand on the site.]
-Attending a live recorded virtual training webinar.
-Tuesday, April 27 at 11:30am. Register here: https://www.eventbrite.com/.../sba-restaurant...
-Wednesday, April 28 at 10:00am. Register here: https://content.govdelivery.com/.../USSBA/bulletins/2d1e2b8
-Wednesday, April 28 at 11:30am. Register here: https://www.eventbrite.com/.../sba-restaurant...
For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.
More info on the RRF here:
https://www.sba.gov/.../restaurant-revitalization-fund