Description

On Wednesday, April 28, 2021 from 12:00 noon - 1:30 p.m. EST, the Chamber will welcome SBA Delaware to provide a webinar detailing The Restaurant Revitalization Fund (RRF). The latest in federal pandemic relief programs, The Restaurant Revitalization Fund (RRF) provides funding to help restaurants and other eligible businesses keep their doors open.  This webinar will detail RRF eligibility and funding, prioritization periods, use of funds, as well as how to apply for RRF funds. 

The Restaurant Revitalization Fund: 
This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

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

For more information on the Fund, visit: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund