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SBDC Webinar: SBA’s Restaurant Revitalization Fund
April 30 @ 12:00 PM - 1:00 PM
One event on May 4, 2021 at 10:00 AM
One event on May 13, 2021 at 3:00 PM
One event on May 19, 2021 at 3:00 PM
One event on May 24, 2021 at 10:00 AM
Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, 2021, the Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Funds must be used for allowable expenses by March 11, 2023.
This webinar, led by SBDC Director Don Elmore and hosted in partnership with Visit Champaign County, will cover details about the Restaurant Revitalization Fund program, including an overview of the program, who is eligible, what you need to apply, how to apply, and more. Following the presentation, there will be an opportunity for Q&A.
SBA will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted.
For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.
For more information, visit sba.gov/restaurants or in Spanish at sba.gov/restaurantes.
Dates / Times:
- Friday, April 30, 2021: 12 – 1 PM: https://us02web.zoom.us/webinar/register/WN_XNbEs1JSS36fKOhQPakYxQ
- Tuesday, May 4, 2021: 10 – 11 AM: https://us02web.zoom.us/webinar/register/WN_vkwHaX_8S2WLcFRa5BEGIQ
- Thursday, May 13, 2021: 3 – 4 PM: https://us02web.zoom.us/webinar/register/WN_2EcdZhtpTMmiJ1GUA3Splg
- Wednesday, May 19, 2021: 3 – 4 PM: https://us02web.zoom.us/webinar/register/WN_7H13fgdFSqi4y7eMxEPPnA
- Monday, May 24, 2021: 10 – 11 AM: https://us02web.zoom.us/webinar/register/WN_rr-N5ukzSaWUMXNLFWf3jA
PLEASE NOTE: this webinar will be recorded and may be shared publicly. By registering for this webinar, you understand that your questions or comments shared during the webinar will be recorded and shared in a public domain.