In March 2021, the American Rescue Plan Act provided $28.6 billion to the Small Business Administration (SBA) for the Restaurant Revitalization Fund. In November, 2022, SBA announced that it was distributing $83 million in unobligated RRF money to 169 restaurant operators who had pending RRF applications.
The SBA started accepting RRF applications and releasing funds in May 2021. By July 2021, all the funds had been dispersed to more than 100,000 recipients and the SBA ended the program. Recipients had until March 11, 2023 to use the RRF grants unless their business was permanently closed.
Page last modified: 03/16/2023