The Restaurant Revitalization Fund (RRF) will officially stop accepting applications Monday, May 24, at 8 p.m. ET, the U.S. Small Business Administration (SBA) announced.
While the application window won’t close until Monday, it realistically remains open only to the smallest providers of on-site food and drink.
The SBA revealed last week that the RRF had received applications seeking more than twice the $28.6 billion allocated by Congress to fund grants to restaurants, bars, and other eligible businesses hard-hit during the COVID-19 pandemic.
In a news release Tuesday night, May 18, the SBA said that the RRF program has received more than 303,000 applications, requesting a total of nearly $70 billion, but that more than $220 million remained available from $500 million set aside for eating establishments that posted 2019 annual revenue of no more than $50,000. Read more.