SBA Launches Restaurant Revitalization Program

Published: May 4, 2021 by Markus Kublin

Help is coming

As America continues efforts to recover from the financial consequences related to the Covid-19 pandemic, some help is on the way for qualifying restaurants. Thanks to the Restaurant Revitalization Program, the U.S. Small Business Administration will be awarding funding to restaurants, bars, and similar food-and-drink-service businesses that meet eligibility requirements. This is a new initiative funded by the American Rescue Plan Act, which became law on March 11, 2021.

Funds for business expenses

The program will provide funds to cover revenue losses caused by the pandemic. The amounts awarded vary from $1,000 to $5,000,000 per location, to a maximum of $10,000,000 total per business. The funding is meant to provide “support the ongoing operations” of the business, according to the mandate from Congress. Funds may be used to cover many common business expenses, such as payroll (including wages and benefits costs), mortgage or rent, utility bills, construction, maintenance, supplier costs, and other operating expenses.

Apply now

Starting on Tuesday, May 3rd, eligible business owners can begin submitting applications. Applications will remain open only until allocated monies are expended to qualifying recipients. There is also a time limit on the use of funds granted to those businesses receiving money: March 11, 2023. So, interested businesses should begin their application process right away. Application requirements and information about necessary documentation can be found here: restaurants.sba.gov.

More information on eligibility requirements and application documents are posted on the SBA website.

The Experian Blueprint on Business Credit

Follow Us!


This blog is written and managed by the team at Experian Business Information Services. Here you will find business advice and credit education in addition to small business news and trends. Subscribe to be notified when we have posted new content.

Subscribe to our blog

Enter your name and email for the latest updates.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Stay informed by subscribing to this blog

Sign up for email notifications when new content has been published on Small Business Matters.
Sign Up