$28.6 Billion Restaurant Revitalization Fund (RRF)
The Restaurant Revitalization Fund (RRF) grant program will go live on Monday, May 3, at 12 p.m. Eastern. The RRF program will provide financial aid to eligible foodservice businesses including bars, restaurants and caterers. Interest in the program is expected to very high, so make sure to apply early!
The Small Business Administration (SBA) recommends that you do the following in preparation for the program’s launch on Monday, May 3, at 12 p.m. Eastern:
- Visit restaurants.sba.gov and register for an account in advance, starting Friday, April 30, 2021, at 9 a.m. Eastern. If you’re working with a POS vendor, you will not need to register on that site beforehand.
- Review the official guidance, FAQ, and application sample.
- Prepare the required documentation, which may include SBA form 3172; business tax returns; bank statements; externally or internally prepared financial statements such as income statements or profit and loss statements and point of sale reports.
- Attend a live virtual webinar, which are available on the SBA’s RRF program page.
HiAccounting is on top of the latest Covid-19 relief programs. Our local team of CPAs, accounting and tax professionals are here to help. Contact us today at 808.529.9990.
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