The U.S. Small Business Administration (SBA) has announced key details on application requirements, eligibility and a program guide for the Restaurant Revitalization Fund (RRF).
Ahead of the application launch and over the next two weeks, the SBA will establish a seven-day pilot period for the RRF application portal and conduct extensive outreach and training. Participants in the pilot program will be randomly selected from existing Paycheck Protection Program borrowers in priority groups for RRF.
The SBA has not yet announced an official launch date. When the program is open, the SBA says it will prioritize the first 21 days to applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals. See the details.