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Restaurant revitalization fund assistance

Restaurant Revitalization Fund Assistance

The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, will provide over $25 billion to a Restaurant Revitalization Fund (RFF).  Moreover, the fund will be administered by the U.S. Small Business Administration. In addition, under this bill, restaurants, food trucks, lounges, bars and other eligible entities will be eligible to receive a grant of up to $10 million and are limited to $5 million per physical location. Restaurant revitalization fund assistance is an advisory service tailored for restaurants.  Without a doubt, this is one of the best stimulus programs because it is a grant.   

 

  • The SBA recommends that everyone register to apply for the RRF grant on April 30th at 9 AM EST at https://restaurants.sba.gov/.

  • Applications for all “eligible” entities will be accepted starting May 3rd at 12 PM EST. The application process will be located online at https://restaurants.sba.gov/.

It should be noted that you can apply for this program without any assistance. However, the application is a tedious process.  Furthermore, there are specific calculations and analysis that need to be performed to apply properly.  Due to the complexity an advisor who works in the lending space can become helpful in this process.  For this reason, our advisory group is assisting our clients through general consulting for the RRF process.  To summarize, if you would like to receive assistance, please press the “Sign-Up Today” button below.  

DOES YOUR COMPANY QUALIFY RRF LENDINERO

Does your company qualify? 

Before applying directly with the SBA, take advantage of our FREE prequalification process.  First, click the button “pre-qualification form”.  Second, fill out the form and wait for our team of specialist to review it.  Third, upon pre qualifying you can elect to proceed on your own or contract us as your advisor.  Evidently, there is more to gain than to loose.  Furthermore, this process will enable to address all issues before hand.  Unlike, the EIDL as of now there are no reconsiderations.  With that in mind, it’s important that you fill out the application properly and have all documents ready prior to making the final submission to the SBA. Get started today. 

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