Small Business Administration partners with POS providers to ease restaurant access to RRF application
Clover, NCR, Square + more support application, preparation process
The US Small Business Administration is working with point-of-sale providers to implement technology to help restaurant operators submit a Restaurant Revitalization Fund application. Isabella Casillas Guzman, Small Business Administration (SBA) administrator, says that the collaboration is one of several creative and innovative ways the SBA is working to connect with entrepreneurs in underserved communities.
As an example, the SBA is working with point-of-sale (POS) providers Clover, NCR Corporation, Square and Toast in the effort to provide funds to entrepreneurs. POS providers are supporting customers through direct implementation of the Restaurant Revitalization Fund (RRF) web application on their systems, providing supporting, prepackaged application documentation and even conducting interactive webinars.
“The SBA must be as entrepreneurial as the entrepreneurs we serve,” said Guzman. “These partnerships enable us to meet small businesses where they are, instead of waiting for them to come to us.”
As part of the recovery from the COVID-19 pandemic, the SBA is focusing on equity and inclusion, providing an even distribution of funds, as well as implementing easier access to grant funds.
“As restaurant sellers prepare for reopening, we’re working with the SBA to provide them with the tools and services they need to rebuild,” said Bruce Bell, head of Square for Restaurants. “We’re honored to partner with the SBA in this important initiative, as we continue to support our sellers on the challenging road ahead.”
The SBA continues to engage with POS providers who are interested in participating in this program and it noted these companies should email email@example.com to learn more about participation.
“By working alongside the SBA we are expediting the Restaurant Revitalization Fund application process for restaurants using Clover or Fiserv technology, facilitating faster access to much-needed capital so they can continue to serve customers and their communities,” said Jeff Dickerson, head of Clover from Fiserv.
Restaurant operators can access a full list of official POS service providers at www.sba.gov/restaurants. The list will be continually updated, according to the SBA’s announcement.
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