The application portal will open for restaurants to preregister at 7 a.m. Friday, April 30.
The Pikes Peak Small Business Development Center is encouraging potential recipients to apply as soon as the application goes live, as the funds are anticipated to go quickly.
The American Rescue Plan Act established the $28.6 billion Restaurant Revitalization Fund to provide funding to help restaurants and other eligible businesses keep their doors open.
Besides restaurants, food stands and trucks, caterers, bars, bakeries, brewpubs and tasting rooms, breweries, wineries distilleries and inns with onsite sales of food and beverages may be eligible for the relief.
According to the SBA, this program will provide recipients with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location.