SBA Opens RRF Applications

The U.S. Small Business Administration (SBA) will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted. Last week, the SBA selected Clover ®, NCR Corporation, Oracle, SpotOn, Square, and Toast  as the first round of technology partners participating in a new initiative for the fund. The program will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their point-of-sale (POS) service providers. 

Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11,  the Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and…