National Restaurant Association shares updated guidance on Restaurant Revitalization Fund
Guide for restaurant operators available
The National Restaurant Association shared updated guidance on eligibility and needed documentation for Restaurant Revitalization Fund (RRF) Grants. The Small Business Administration has indicated that a DUNS number will not be needed for the RRF, nor registration in SAMS, simplifying the process.
A main feature of the RRF will be a new federal program for restaurant owners with 20 locations or less. Restaurant operators will be able to apply for tax-free grants of up to $5M per location—alternately, up to $10M total for multi-unit companies.
Eligible entities will receive an amount equal to their pandemic-related revenue losses less any PPP loans already received. The National Restaurant Association developed a guide to help restaurant operators understand program eligibility. It’s available here.
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