Assistance Listings Restaurant Revitalization Fund
Overview
Objectives
This program provided emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.
Examples of Funded Projects
Assistance Listing Description
Financial Information
| Obligation(s) | FY 23 | FY 24 (est.) | FY 25 (est.) |
|---|---|---|---|
| Direct Payments for Specified Use Total | $77,035,200 | $0 | $0 |
| Totals | $77,035,200 | $0 | $0 |
Range and Average of Financial Assistance
$1,000 -> $10 million
Accomplishments
Not Applicable.
Account Identification
73-0800-0-1-376
Criteria for Applying
Types of Assistance
C - Direct Payments for Specified Use
Credentials and Documentation
Applicants had to apply through SBA-recognized Point of Sale Restaurant Partners, or directly via SBA in an online application portal, or the call center support line: 844-279-8898. Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required. Additional documentation required: 1) Verification for Tax Information: IRS Form 4506-T, completed and signed by Applicant. Completion of this form digitally on the SBA platform will satisfy this requirement. 2) Gross Receipts Documentation: Any of the following documents demonstrating gross receipts and, if applicable, eligible expenses 3) Business tax returns (IRS Form 1120 or IRS 1120-S) 4) IRS Forms 1040 Schedule C; IRS Forms 1040 Schedule F 5) For a partnership: partnership’s IRS Form 1065 (including K-1s) 6) Bank statements 7) Externally or internally prepared financial statements such as Income Statements or Profit and Loss Statements This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
Applicant Eligibility
Designations
Profit organization, Small business (less than 500 employees), Minority group1) Restaurants 2) Food stands, food trucks, food carts 3) Caterers 4) Bars, saloons, lounges, taverns 5) Snack and nonalcoholic beverage bars 6) Bakeries (onsite sales to the public comprise at least 33% of gross receipts) 7) Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts) 8) Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts) 9) Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts) 10) Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts) 11) Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
Beneficiary Eligibility
Designations
Beneficiary eligibility is the same as applicant eligibility.Length and Time Phasing of Assistance
Start May 3, 2021 until the funds are exhausted. Method of awarding/releasing assistance: lump sum
Use of Assistance
Designations
Business/Commerce1) Business payroll costs (including sick leave) 2) Payments on any business mortgage obligation 3) Business rent payments (note: this does not include prepayment of rent) 4) Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest) 5) Business utility payments 6) Business maintenance expenses 7) Construction of outdoor seating 8) Business supplies (including protective equipment and cleaning materials) 9) Business food and beverage expenses (including raw materials) 10) Covered supplier costs 11) Business operating expenses
Applying for Assistance
Deadlines
Preapplication Coordination
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
Application Procedures
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Criteria for Selecting Proposals
Not Applicable.
Award Procedure
Restaurants had to apply through SBA-recognized Point of Sale Restaurant Partners, or directly via SBA in an online application portal @ Restaurants.SBA.Gov, or the call center support line: 844-279-8898. Their applications had to go through a review process and eligible entities were awarded based upon program criteria.
Date Range for Approval/Disapproval
From 1 to 15 days.
Renewals
Not Applicable.
Appeals
Not Applicable.
Compliance Requirements
Policy Requirements
Not Applicable
Subpart B, General provisions
Subpart C, Pre-Federal Award Requirements and Contents of Federal Awards
Subpart D, Post Federal; Award Requirements
Subpart E, Cost Principles
Subpart F, Audit Requirements
Additional Information: SBA’s implementation approach to this program included key objectives also served by the regulations in 2CFR200, such as performance measurement, oversight, and reduction of participant noncompliance risk.
Reports
Expenditure Reports: All Applicants had until March 11, 2023 to use award funds. Not later than December 31, 2021 all Applicants were required to report through the application portal how much of their award has been used against each eligible use category. If the Applicant fully expends their funds prior to December 31, 2021, they were be asked to certify in the application portal that proceeds have been used on eligible expenses. All Applicants that did not fully expend award funds prior to December 31, 2021 were be required to complete annual reporting submissions until they fully expend the award funding or the period of performance expires. SBA reserved the right to request supplemental documentation needed to validate the certification.
Audits
Additional audit requirements:
SBA’s implementation approach to this program included key objectives also served by the regulations in 2CFR200, such as performance measurement, oversight, and reduction of participant noncompliance risk.
Records
Regulations, Guidelines, and Literature
Program guide and application can be found at www.sba.gov/restaurants
Formula and Matching Requirements
Contact Information
Regional or Local Locations:
See Regional Assistance Locations. Call 1- 844-279-8898 to find a regional or local office for application questions and support.Headquarters Office:
409 3rd St. SW,
409 3rd Street SW
Washington, DC 20416
Sheri.McConville@sba.gov
(202) 401-4281