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Restaurant Revitalization Fund Grants

GOOD NEWS! There is $28.6 billion in grants to restaurant and bars in need.

The SBA will begin registrations for this Restaurant Revitalization Fund tomorrow, April 30, 2021 at 9:00am EDT.

Applications will open on Monday, May 3, 2021, at 12:00pm EDT. The online application will remain open to any eligible restaurants until all funds are exhausted.

If you, or a restaurant owner you know plan to apply, the SBA recommends you familiarize yourself ahead of time with the application process to ensure a smooth experience by doing the following:

• Registering for an account in advance at sba.gov starting Friday, April 30, 2021, at 9 a.m. EDT.

• Reviewing the official guidance, including program guide, frequently asked questions, and application sample.

• Preparing the required documentation.

• Working with a point-of-sale vendor or visiting sba.gov to submit an application when the application portal opens. [Note: If an applicant is working with a point-of-sale vendor, they do not need to register beforehand on the site.

As always, we are here to help! Talk to a tax pro to help you through the grant process.