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Relief for Restaurants Available Beginning Monday

Today, Representative Lois Frankel (FL-21) announced that restaurants in South Florida will be able to apply for direct relief through the Restaurant Revitalization Fund beginning Monday, May 3, at 12:00 p.m. Applicants can register on the U.S. Small Business Administration (SBA) application portal today.

 

“Restaurants play such an important role in life in South Florida, where we gather with friends and family and as a major aspect of our tourism,” said Rep. Frankel. “The opening of the Restaurant Revitalization Fund is critical to getting folks in this industry the help they need to keep their doors open. The comeback of our restaurant and hospitality businesses is an important key to a full recovery.”

 

The $28.6 billion Restaurant Revitalization Fund was created by the American Rescue Plan that Rep. Frankel helped pass last month. The Restaurant Revitalization Fund will provide restaurants and other eligible businesses with funding equal to their pandemic-related revenue loss up to $10 million per business. The relief does not have to be repaid, provided that the funds are put toward eligible uses by March 11, 2023.

 

The Restaurant Revitalization Fund application portal can be accessed at https://restaurants.sba.gov/requests/borrower/login/. A funding guide is available here and a sample application can be found here. Rep. Frankel is hosting a webinar with the Small Business Development Center on Thursday, May 6, at 10:30AM to answer further questions about the program. Interested Floridians can register for the event here.

 

Entities eligible to apply include:

  • 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)
  • Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
  • Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

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