The National Restaurant Association divulged more information on Restaurant Revitalization Act grant eligibility, timeline, and funds
The National Restaurant Association released a Restaurant Revitalization Fund FAQ Friday divulging more information on grant eligibility, timeline, and fund distribution for restaurant operators. The Restaurant Revitalization Fund was passed as part of the American Rescue Plan signed into law by President Biden on March 11. Although the Small Business Administration has not yet released official guidance for the application process, they are expected to begin taking applications by the end of the month.
Here are some important updates about the RRF, as detailed in the FAQ published by the National Restaurant Association. The FAQ is based on the association s work with the SBA and will be updated as the SBA releases its final regulatory guidance decisions.