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Restaurant owners, bar owners and other foodservice businesses impacted by the COVID-19 pandemic are eligible to tap into the $29 billion-dollar<a href="https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sba-to-begin-accepting-restaurant-grant-applications-on-may-3-2715594" target="_blank" rel="nofollow"> Restaurant Revitalization Fund</a> starting next week.Part of the $1.9 trillion<a href="https://www.congress.gov/117/bills/hr1319/BILLS-117hr1319enr.pdf?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sba-to-begin-accepting-restaurant-grant-applications-on-may-3-2715594" target="_blank" rel="nofollow"> American Rescue Plan</a>, the program provides restaurants with funding equal to their pandemic-related revenue losses, up to $10 million per business and no more than $5 million per physical location.&nbsp;Recipients are not required to repay the grants as long as the funds are used for what the program deems “eligible uses”&nbsp; — <a href="https://www.sba.gov/sites/default/files/2021-04/2021.04.20%20-%20Restaurant%20Revitalization%20Funding%20Program%20Guide%20Finalshare-508.pdf?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sba-to-begin-accepting-restaurant-grant-applications-on-may-3-2715594" target="_blank" rel="nofollow">an exhaustive list </a>that includes payroll costs, business mortgage payments, business debt service, utility payments, maintenance expenses and food and beverage expenses — no later than March 11, 2023.Besides restaurants and bars, eligible applicants include operators of food trucks, food stands and food carts, caterers, bakeries, breweries, wineries, distilleries and inns.Registration for the <a href="https://restaurants.sba.gov./?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sba-to-begin-accepting-restaurant-grant-applications-on-may-3-2715594" target="_blank" rel="nofollow">SBA application portal</a> will open on Friday, April 30, 2021, at 9 am ET. Applicants working with an SBA-recognized Point of Sale vendor — including Square, Toast, Clover and Aloha — do not need to register beforehand on the application portal.The SBA will accept applications from all eligible applicants starting on Monday, May 3 at noon ET, but will only process and fund priority group applications for the first 21 days. Priority applicants include women and veterans as well as socially and economically disadvantaged individuals.&nbsp;To find out more, you can watch a webinar on <a href="https://www.youtube.com/channel/UCxXd9AWfNNaNipcXNmFuCAw?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sba-to-begin-accepting-restaurant-grant-applications-on-may-3-2715594" target="_blank" rel="nofollow">SBA's YouTube channel</a>, visit your local <a href="https://www.sba.gov/local-assistance?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sba-to-begin-accepting-restaurant-grant-applications-on-may-3-2715594" target="_blank" rel="nofollow">SBA district office</a> or call the support office at 1-844-279-8898.

SBA to Begin Accepting Restaurant Grant Applications on May 3

1851 Franchise

The $29 billion Restaurant Revitalization Fund goes into effect on Monday. Here’s what you need to know.

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SweatHouz

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From Aerospace to Wellness: Hunter Mitchem’s Journey to a SweatHouz Empire

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Onigilly Japanese Kitchen

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Maximize Your ROI: How Onigilly’s Low Operating Costs Drive High Returns for Franchisees

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Layne's Chicken Fingers

What Is the Layne’s Franchise Disclosure Document, and What Will I Find in It?

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Athletech News: How SWTHZ Delivers on Wellness Demands of All Kinds

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TruBlue Home Service Ally

Why Protected Territories Matter and How the TruBlue Franchise Delivers

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