Restaurant Revitalization Fund
Indiana SBDC is helping Hoosier restaurants gain access to the Restaurant Revitalization Fund
The Restaurant Revitalization Fund, a program of the U.S. Small Business Administration (SBA), provides emergency funding assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.
This program will provide eligible businesses with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Eligible expenses include business expenses such as payroll, supplies, and operating expenses, construction of outdoor seating and some business debt. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
SBA will begin accepting applications on Monday, May 3, 12 PM EDT, but will only process and fund priority group applications for the first 21 days. However, all eligible applicants are encouraged to apply starting Monday, May 3, 12 PM EDT as non-priority group applications will be processed in the order received after the priority period ends. Priority groups include businesses that are at least 51% owned by one or more individuals who are women, veterans, or socially and economically disadvantaged.
A walkthrough of the application portal can be found here.
For additional information and to apply, please visit sba.gov/restaurants.
How to Prepare
To help Hoosier restaurant and food service owners apply for and access available funds, the Indiana SBDC is partnering with gener8tor to offer no-cost webinars, including one in Spanish, and consultations and application assistance through designated virtual office hours beginning next week. In addition, Spanish interpretation services will be offered through the regional Indiana SBDC offices.
The Indiana SBDC will host a series of webinars to provide an overview of the program, eligibility requirements, tips to apply, and additional resources available to support restaurants. Register for the webinars by clicking the links below.
Open Office Hours
Office hours are available for one-on-one, no-cost assistance to determine program eligibility, required documents, and more. 30-minute office hour appointments will be available between 9-4 EDT the following dates.
- Wednesday, May 5, 9 AM – 4 PM EDT
- Friday, May 7, 9 AM – 4 PM EDT
- Tuesday, May 11, 9 AM – 4 PM EDT
- Friday, May 14, 9 AM – 4 PM EDT
Prior to your appointment, you will be contacted to complete a request for counseling form. This document is required to be completed and returned prior to your meeting, and establishes confidentiality for your appointment.
If you need additional assistance, please contact the Indiana SBDC regional office nearest to you.