The American Rescue Plan Act of 2021 establishes a $28.6 billion Restaurant Revitalization Fund within the SBA, which will provide eligible business with a tax-free federal grant based on revenue decline. What Businesses are Eligible? Eligible businesses include restaurants, food stands, food trucks, food carts, caterers, saloons, inns, taverns, bars, lounges, brewpubs, tasting rooms,...
**UPDATE: AS OF MARCH 30, 2021, THE SBA ANNOUNCED THAT RESTAURANT OWNERS WHO SEEK TO PARTICIPATE IN THE RESTAURANT REVILATIZATION FUND WILL NOT NEED TO SIGN UP FOR A SAM.GOV ACCOUNT OR BE REQUIRED TO HAVE A DUNS NUMBER. The American Rescue Plan Act of 2021 establishes a $28.6 billion Restaurant Revitalization Fund within the SBA, which will provide eligible business with a tax-free federa...