[MainstreetManagers] Small Business Administration Restaurant Revitalization Fund

Fri May 7 10:32:16 CDT 2021

Happy Friday Main Street.  Don't forget about the Restaurant Revitalization Fund - below are links, details and who can apply.  Please share with the businesses in your communities.

Have a good day,
Buffy

Buffy Hughes | State Main Street Director
Oklahoma Main Street Center | Oklahoma Department of Commerce
Buffy.Hughes at okcommerce.gov<mailto:Buffy.Hughes at okcommerce.gov>
p. 405-815-5249 | c. 405-664-1260
okcommerce.gov<https://okcommerce.gov/>
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Small Business Administration Restaurant Revitalization Fund

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Special Announcement
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Small Business Administration Restaurant Revitalization Fund
The Restaurant Revitalization Fund provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. Registration for the SBA application portal is now open.
For the first 21 days of the program, the SBA will fund applications where the applicant has self-certified that it meets the eligibility requirements for a small business owned by women, veterans, or socially and economically disadvantaged individuals.
The application and full details are available on the SBA's Restaurant Revitalization Fund webpage<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA1MDcuNDAxMDAyNDEiLCJ1cmwiOiJodHRwczovL3d3dy5zYmEuZ292L2Z1bmRpbmctcHJvZ3JhbXMvbG9hbnMvY292aWQtMTktcmVsaWVmLW9wdGlvbnMvcmVzdGF1cmFudC1yZXZpdGFsaXphdGlvbi1mdW5kIn0.E_7_-ky7LbJlXnjr92I4xgX82U6ApAPipwWUKeuO4ag/s/645121994/br/106055146838-l>.
Program Details
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.
Who Can Apply
Eligible entities who have experienced pandemic-related revenue loss include:
* Restaurants
* Food stands, food trucks, food carts
* Caterers
* Bars, saloons, lounges, taverns
* Snack and nonalcoholic beverage bars
* Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
* Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
* Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
* Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
* Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
* Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
Apply with the SBA on the Restaurant Revitalization Fun webpage<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA1MDcuNDAxMDAyNDEiLCJ1cmwiOiJodHRwczovL3d3dy5zYmEuZ292L2Z1bmRpbmctcHJvZ3JhbXMvbG9hbnMvY292aWQtMTktcmVsaWVmLW9wdGlvbnMvcmVzdGF1cmFudC1yZXZpdGFsaXphdGlvbi1mdW5kIn0.iJ-LmMfeXicAtmTQIpqnwTKl2YXb2QVQY-Ujlm2QhV8/s/645121994/br/106055146838-l>.
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Oklahoma Department of Commerce
okcommerce.gov <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA1MDcuNDAxMDAyNDEiLCJ1cmwiOiJodHRwczovL3d3dy5va2NvbW1lcmNlLmdvdiJ9.HSwSyuetEry7kZRY1PNyYn7HUGmKYImGLIG8E8Md6H8/s/645121994/br/106055146838-l>
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