Small Business Administration Restaurant Revitalization Fund Announcement
The City of St. Louis Park has provided this updated information you may find useful, or could share with local businesses:
The $28.6 billion Restaurant Revitalization Fund (RRF) at the Small Business Administration (SBA) was established in March 2021. Through the RRF, restaurants, bars, caterers, bakeries, brewpubs, and other eligible businesses can access funding equal to their pandemic-related revenue loss, subject to program limits.
The SBA is not yet accepting applications for the RRF, but information about eligibility, funding amounts, uses of funds, and a sample application form are available in English at www.sba.gov/restaurants or in Spanish at www.sba.gov/restaurantes.
Important Note: If you are a small business that may be eligible for this fund you should be ready to apply the day it becomes available. Sign up with SBA to receive email alerts as more RRF information is available.
Regards
Ron Latz