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Suozzi Announces SBA to Begin Taking Applications for Restaurant Revitalization Fund

Written by Chris Boyle  |  14. May 2021

U.S. Representative Tom Suozzi (D-Long Island, Queens) recently announced that restaurants in New York will be able to apply for direct relief through the Restaurant Revitalization Fund. Applicants can register on the U.S. Small Business Administration application portal
 
The $28.6 billion Restaurant Revitalization Fund was created by the American Rescue Plan that Suozzi helped pass in March.
 
Since the pandemic began, Suozzi has worked alongside U.S. Senate Majority Leader Chuck Schumer to advocate for the inclusion of special provisions for catering halls, restaurants, and live entertainment venues in all COVID relief packages. Last summer, Suozzi, along with local restaurants and live entertainment venues across Long Island, rallied together to call for direct, targeted relief for the entertainment and restaurant industry. 
 
“On March 22, 2020, non-essential businesses in New York shut down. The reopening and recovery of businesses have been uneven ever since,” said Congressman Suozzi. “Today, we are proud to announce that help is on the way for the restaurants that are so vital to the culture of Long Island, New York City, and our state.”
 
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.
Visit SBA.gov/restaurants for more information.
 
The Restaurant Revitalization Fund application portal can be accessed at https://restaurants.sba.gov/requests/borrower/login
 
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

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