On Saturday, April 17, 2021, the Small Business Administration (“SBA”) released new commentary for the Restaurant Revitalization Fund (“RRF”), including a sample application form, program guide and details concerning the SBA’s implementation of the RRF grant program. The RRF grant program, which makes $28.6 billion available to restaurants and various other food and beverage providers, was established pursuant to the American Rescue Plan enacted just over a month ago (see our prior Client Alert on RRF Grants here).
The SBA’s newly published guidance provides some clarifications as well as updated information for RRF applicants. Our Alert regarding this new information can be found here.