U.S. Small Business Administration (SBA) Funding for Businesses Impacted by COVID-19
Restaurant Revitalization Fund (RRF)
The Restaurant Revitalization Fund will provide funding to restaurants, bars, food trucks, caterers, and other qualifying businesses that continue to be impacted by the COVID-19 pandemic. This program is currently open.
The following entities that have experienced pandemic-related revenue loss are eligible to apply:
Food stands, food trucks, food carts
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
How to Apply
Starting today, you can register for the SBA application portal here. You can also apply through SBA-recognized Point of Sale (POS) vendors or directly via through the online portal. Participating POS providers include Square, Toast, Clover, NCR Corporation (Aloha). If you are working with Square or Toast, you do not need to register beforehand on the application portal.
Visit sba.gov/restaurants for more details, including how to calculate funding, how funds can be used and information on the priority application period.
Shuttered Venue Operators Grant (SVOG)
The Shuttered Venue Operators Grant is designed to provide emergency assistance to venue that have been greatly impacted by COVID-19. Applications are available today via the SBA’s online portal.
Eligible entities include:
Live venue operators or promoters
Live performing arts organization operators
Motion picture theater operators (including owners)
Additionally, venues must have been in operation as of February 29, 2020, and a venue or promoter who received a PPP loan on or after December 27, 2020, will have the SVOG reduced by the PPP loan amount.
How to Apply
Applications are available today via the SBA’s online portal. View the following documents for more detail on the SVOG and how to apply:
FAQ regarding Shuttered Venue Operators Grant
SVOG application checklist
SVOG applicant user guide
SVOG-specific version of IRS Form 4506-T
Cross-program eligibility on SBA COVID-19 relief options
For more information, visit sba.gov/svog.
Paycheck Protection Program (PPP)
As a reminder, the SBA has extended the deadline for the Paycheck Protection Program (PPP) to May 31, 2021. Learn more about this program at sba.gov/ppp and apply today through eligible lenders.
COVID-19 Economic Injury Disaster Loan (EIDL)
The COVID-19 Economic Injury Disaster Loan program is accepting applications until December 31, 2021. Learn more and apply at sba.gov/eidl.
For assistance with your application for any of these programs or for any of your business needs, please speak your local Neighborhood Business Development Center. Additionally, BACP has created the Chicago Business Center program and equipped eight Chicago-based business service organizations to serve as regional hubs to provide resources and assistance to small businesses. Learn more and set up an appointment at chicago.gov/cbc.