SBA Administrator Isabel Guzman announced key details for the new Restaurant Revitalization Fund for restaurants, bars, food trucks, caterers, and related businesses. Ahead of the application launch and over the next two weeks, SBA will establish a 7-day pilot period for the application portal.
SBA and district offices across the country will conduct extensive outreach to small businesses interested in applying. The pilot period will be used to address technical issues before the public launch. Participants will include Paycheck Protection Program borrowers in RRF priority groups, who will not receive funds until the application portal is open to the public. Following the pilot, the application portal will open to the public. For the first 21 days, SBA will prioritize reviewing applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals. Following the 21-day period, all eligible applicants are encouraged to submit applications.
Stay updated and learn more at https://lnkd.in/dyZVjXA