Rep. Dingell: American Rescue Plan Relief for Restaurants Available Beginning Monday

Press Release

Today, Congresswoman Debbie Dingell (MI-12) announced that restaurants in Michigan will be able to apply for direct relief through the Restaurant Revitalization Fund beginning Monday, May 3, at 12:00 p.m. ET. Applicants can register on the U.S. Small Business Administration application portal beginning today. The $28.6 billion Restaurant Revitalization Fund was created by the American Rescue Plan that Rep. Dingell helped pass last month. The law incorporated key provisions from the RESTAURANTS Act, which Rep. Dingell also co-sponsored in the previous Congress.

"Our local restaurants provide jobs, feed us, donate to so many, and help support the hungry, and this pandemic has thrown everything at them. Restaurants are our gathering places, where we catch up with friends, bring family together, and connect with our communities," said Rep. Dingell. "I'm thankful that we passed the American Rescue Plan to provide much-needed assistance to the industry and support the independent restaurants that are the heart and soul of our communities."

The Restaurant Revitalization Fund will provide restaurants and other eligible businesses with funding equal to their pandemic-related revenue loss up to $10 million per business. The relief does not have to be repaid, provided that the funds are put toward eligible uses by March 11, 2023.

Find a funding guide HERE and a sample application HERE.
Visit SBA.gov/restaurants for more information.
The restaurant industry has been uniquely devastated by the COVID-19 pandemic. This is particularly true of independent restaurants, which account for more than three-quarters of all restaurants and bars in the United States. The restaurant sector is the top contributor to unemployment rolls across America, with overall employment in the industry falling 23 percent during the pandemic.

The Restaurant Revitalization Fund application portal can be accessed at https://restaurants.sba.gov/requests/borrower/login/. Participating POS providers include Square, Toast, Clover, NCR Corporation (Aloha). Entities that work with Square or Toast, you do not need to register beforehand on the portal.

Entities eligible to apply:

Restaurants
Food stands, food trucks, food carts
Caterers
Bars, saloons, lounges, taverns
Snack and nonalcoholic beverage bars
Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

###

Source