Restaurant Revitalization Fund
HELP IS HERE: FEDERAL GRANTS FOR INDEPENDENT RESTAURANTS AND BARS
A $28.6 billion restaurant and bar grant program will be available soon. While the Small Business Administration (SBA) prepares the program, businesses should organize the materials needed to apply once applications are available. Visit saverestaurants.com/resources for the latest.
What do grants cover?
This grant program provides debt-free support in the amount of annual revenue lost from 2019 and 2020, with special provisions for businesses that opened in 2020 and 2019. Grants can only be used on eligible expenses that were incurred between February 15, 2020 and December 31, 2021. Unused funds—or funds not used for these purposes—must be returned to the government. These expenses include:
Payroll (excluding employee compensation exceeding $100,000/year), employee benefits, and paid sick leave;
Mortgage, rent, and utilities;
Outdoor seating construction;
Supplies, protective equipment, and cleaning materials;
Food and beverage;
Operational expenses; and
Debt obligations to suppliers.
Who is eligible?
All food service or drinking establishments, including restaurants, caterers, brewpubs, food stands, food trucks, taprooms, and tasting rooms, that are not part of an affiliated group with more than 20 locations. Grants cannot exceed $10,000,000 per restaurant group (which cannot have more than 20 entities), and $5,000,000 per business. The SBA will prioritize awarding grants to businesses owned or controlled by women or Veterans or socially disadvantaged businesses during the first 21 days of the program.
Learn more at saverestaurants.com/resources.