News Deadline Nears for Restaurant Revitalization Fund Applications

The U.S. Small Business Administration (SBA) announced this week that eligible businesses have until Monday, May 24, 8:00 pm (eastern) to submit applications to the Restaurant Revitalization Fund (RRF).

According to the Brewers Association, there are still some funds available to the small hospitality businesses such as breweries. When the legislation was drafted, Congress set aside $5 billion for applicants with gross receipts of not more than $500,000. To ensure an equitable distribution of funds, the SBA created additional funding allocations of $500 million for applicants with 2019 gross receipts not more than $50,000, and $4 billion for applicants with 2019 gross receipts between $500,000 and $1,500,000.

More details and how to apply here.

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