1、 https:/crsreports.congress.gov Updated April 11, 2022SBA Restaurant Revitalization Fund GrantsThe Small Business Administrations (SBAs) $28.6 billion Restaurant Revitalization Fund Program (RRF) was authorized by P.L. 117-2, the American Rescue Plan Act of 2021. The RRF provided grants of up to $5
2、million per permanent physical business location (not to exceed $10 million per applicant and any affiliated businesses) to restaurants and other similar places of business that had experienced COVID-19-related revenue loss. Unlike most other SBA programs, there was no limit on the number of employe
3、es for businesses to qualify for a RRF grant. This Insight summarizes the statutory provisions enacted by P.L. 117-2 and SBA-issued guidance on the RRF. For more information, see the SBAs “Restaurant Revitalization Funding Program Guide.” Eligibility Rules RRF grants were designed to assist applican
4、ts in remaining open or reopening. Permanently closed businesses were not eligible, and temporarily closed businesses were required to reopen soon, with eligible expenses incurred by March 11, 2021, at the latest. To qualify for the RRF, for-profit businesses (together with their affiliated business
