How To Apply For The Restaurant Revitalization Fund
No one needs to tell those in food and beverage how much the restaurant industry has been hurt by the COVID-19 pandemic. Due to social distancing measures and out of an abundance of caution to prevent virus spread, dining out dropped drastically. “The year-over-year decline of seated diners in restaurants in the U.S., compared to 2019, was 13.74 percent on April 25, 2021,” according to Statista . But thanks to the $28.6 billion in grants from the Restaurant Revitalization Fund program, a part of the $1.9 trillion American Rescue Plan Act aid package passed by Congress in February, help for restaurants is on its way. Regardless of whether your restaurant already received PPP funding, whether in the first or second round of grants, you can apply for the Restaurant Revitalization Fund money and in this guide, we’ll walk you through how to do just that. Mark Your Calendar Applications for the Restaurant Revitalization Fund will open at noon ET on Monday, May 3 through the Small Busine...