Small Business Resources
Manning Announces the Opening of $28.6 Billion Restaurant Relief Grant Program on May 3
April 30, 2021 - Congresswoman Kathy Manning (NC-06) is announcing the opening of the $28.6 billion restaurant relief program that was signed into law as part of the American Rescue Plan. The program will be administered by the Small Business Administration (SBA) and it will begin accepting applications at 9:00 a.m. ET on May 3. Registration for the SBA application portal began on Friday, April 30 at 6:00 a.m. ET. In preparation for the grant program’s opening, the SBA released detailed guidance for those seeking relief money through the restaurant revitalization fund.
Program details provided by SBA:
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. 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.
Additional guidance from the SBA on the restaurant revitalization program can be found here.