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Posted on: April 28, 2021

Restaurant Revitalization Fund Updates

The SBA has announced that the Restaurant Revitalization Fund portal will accept applications beginning Monday, May 3rd at noon.

 

·       Eligible businesses can submit an application online via the application portal or via an SBA-recognized Point of Sale (POS) vendor.

o   If a business is submitting via the application portal, they need to register first. Registration for the SBA application portal will begin this Friday, April 30, at 9 am.

o   If a business has an existing relationship with a POS vendor, they should reach out directly to their vendor to apply. Participating vendors include Square, Toast, Clover, and NCR Corporation (Aloha).

·       SBA will offer two webinars today (Wednesday, April 28th) to cover program details and how to submit an application – one in English (2:30 pm) and one in Spanish (10 am). The SBA Massachusetts District Office will hold a session with the Office of Senator Markey, Massachusetts Restaurant Association, and Mass Restaurants United tomorrow, April 29th at 3 pm. In addition, SBA has put together a Knowledge Base page with responses to frequently asked questions.

·       Businesses can use this sample application form to prepare their information ahead of submission; they should not submit these sample forms to SBA, but use them to guide preparation for when applications do open next week.

Interested eligible businesses should apply as soon as possible for this opportunity as funds are limited and demand is substantial.