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Small business news brief (April 28)

by Writing by Design Media Staff


According to a press release, the Small Business Administration (SBA) announced a $28.6 billion Restaurant Revitalization Fund (RRF) for restaurant owners.


A briefing about the RRF is set to be held on Wednesday, April 28 at 1:00 p.m. EDT. The SBA and Public Private Strategies Institute (PPSI) are co-sponsoring the event.


Registrations for the program start on April 30 at 9:00 a.m. EDT. The following businesses are eligible according to the release.

  • Restaurants

  • Food stands, food trucks, food carts

  • Caterers

  • Bars, saloons, lounges, taverns

  • Snack and nonalcoholic beverage bars

  • Bakeries (onsite sales to the public comprise at least 33% of gross receipts)

  • Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)

  • Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)

  • Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)


Artwork: Pixabay.com

SBA Administrator, Isabella Casillas Guzman said, “Restaurants are the core of our neighborhoods and propel economic activity on main streets across the nation. They are among the businesses that have been hardest hit and need support to survive this pandemic. We want restaurants to know that help is here,” said Administrator Guzman. “The SBA has focused on the marketplace realities of our food and beverage businesses in designing the Restaurant Revitalization Fund to meet businesses where they are. And we are committed to equity to ensure our smaller and underserved businesses, which have suffered the most, can access this critical relief, recover, and grow more resilient.”


To register, visit Webinar Registration - Zoom


For more information, visit sba.gov/restaurants or in Spanish at sba.gov/restaurantes.

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