Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, 2021, the Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. 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. Applications will open on Monday, May 3, 2021, at noon ET. link for more info.
$28.6 Billion Restaurant Revitalization Fund, open on Monday, May 3, 2021
April 29, 2021