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SBA announces closure of Restaurant Revitalization Fund program

More than 100k restaurants were awarded $28.6 billion; average award was $283K

 

Last updated 7/8/2021 at 7:45am



From U.S. Small Business Administration

WASHINGTON — Today, U.S. Small Business Administration Administrator Isabel Guzman announced last week the closure of the Restaurant Revitalization Fund program, signed into law by President Joe Biden as part of the American Rescue Plan. The program provided much needed economic aid to restaurants and other establishments struggling to make ends meet as a result of the pandemic.

“The $28.6 billion Restaurant Revitalization Fund provided desperately needed relief to more than 100,000 restaurants and other food and beverage businesses across the...



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