SBA Restaurant Funding Application Opens Today

Restaurant funding application opens today

Beginning at noon today, owners of restaurants, bars, bakeries, food trucks and similar establishments may apply for Restaurant Revitalization Funding through the U.S. Small Business Administration.

Businesses owned by women, veterans and socially disadvantaged groups will be given first priority, then the funding period will be open to all owners of these eligible small businesses.

• $5 billion is set aside for applicants with 2019 gross receipts of not more than $500,000
• An additional $4 billion is set-aside for applicants with 2019 gross receipts from $500,001 to $1,500,000
• An additional $500 million is set-aside for applicants with 2019 gross receipts of not more than $50,000