A Guide to Applying for the SBA Restaurant Revitalization Fund

By Michelle Loredo

Are you a small business restaurant owner? If you are, good news! The Small Business Administration launched the Restaurant Revitalization Fund aimed at helping and giving emergency grant assistance to restaurants and related industries. 

Here is a guide on how to apply for the SBA restaurant revitalization grant and application resources. 

What Are the Requirements? 

The SBA restaurant revitalization fund is a grant aimed to help small business owners in the restaurant and hospitality business that have been affected negatively by the pandemic. If you qualify, the monetary assistance provides equal funding that matches your loss in the past year. The grant amount goes $10 million and up to five million per physical location. 

To be able to apply to the restaurant revitalization grant, your business must fall in these categories: 

• Bars

• Bakeries

• Breweries

• Catering

• Food Trucks/Stand

• Restaurants

• Wineries

If your business is listed above, the restaurant revitalization fund grant is a funding opportunity that you should not look over. 

What Documentations Do You Need? 

To apply to the SBA restaurant revitalization fund, you need to verify your business taxes, financial statements, complete application, gross receipts, partnership documentation, point of sales reports and business-specific documentation. Here are a few examples: 

• Business Bank Statements 

• Financial Statements 

• IRS 1120-S

• IRS Form 1065 (Partnership) 

• IRS Form 1099-K

• IRS Form 1120

• IRS Forms 1040 Schedule C

• IRS Forms 1040 Schedule F

Where Can I Apply? 

You can apply to the restaurant revitalization grant via SBA-approved Point of Sales vendors. You can also apply directly through the SBA online portal. Here are few examples of Point of Sales vendors you can apply through: 

• Clover 

• NCR Corporation (Aloha)

• Oracle

• Square

• Toast

If you decide to apply through Square and Toast, you need to first register through the SBA online application portal before they can help with your application.