The first wave of payments from the Restaurant Revitalization Fund (RRF) is going out to more than 16,000 restaurants and other food and beverage providers, some of whom could see relief money in their bank accounts as soon as Tuesday, May 11.
The SBA reported earlier this month that more than 186,000 restaurants, bars and other food-related establishments applied for RRF assistance during the first two days after the program’s application window opened May 3.
During the first 21 days of the RRF program, the SBA will prioritize applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals. After this period, the SBA will fund all eligible applications on a first-come, first-serve basis. Learn more.