The Small Business Administration (SBA) has released dates to register and apply for the Restaurant Revitalization Fund (RRF).
Registration for the SBA application portal will begin on Friday, April 30, 2021, at 9 am ET. Applications will open on Monday, May 3, 2021, at noon ET.
See How to Apply for more detail.
To prepare for the application period, the SBA advised eligible entities to prepare themselves with the application process in advance. Steps they recommend taking include:
- Register for an account in advance at sba.gov starting Friday, April 30, 2021 and 9 am EST
- Review the official guidance, including the gram guide, frequently asked questions, and application sample
- Preparing the required documentation
All eligible restaurants will be able to submit applications as soon as the program opens, but for the first 21 days the SBA will prioritize reviewing applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals.
After the first 21 days, the SBA will fund all eligible applications on a first-come, first-serve basis, so the agency is recommending that all eligible entities submit applications as soon as the portal opens.
Read our blog Restaurant Revitalization Fund Overview to learn more about the qualifications and calculation.
Please reach out to your Somerset advisor with any questions at 317.472.2200 or .
