Restaurant Revitalization Fund - SBA Loan

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A new grant program provided directly from the Small Business Administration (SBA) that applies to the restaurant and food & beverage services industry.

We are pleased to share with you exciting news about a new grant program known as the Restaurant Revitalization Program provided directly by the Small Business Administration (SBA) for the restaurant and food & beverage services industry. This program is targeted to assist such businesses that have been hard hit by the pandemic.

The Restaurant Revitalization Fund Program is designed as a grant to eligible businesses in the food & beverage services industry and is separate and distinct from any prior qualified SBA program you may have.

Ion Bank recognizes the difficulties and financial burden businesses have faced throughout the pandemic and we are excited to share this information with you. Please note that this is not a Bank sponsored program, and the Bank does not have a direct role in the grant application process or the program itself. All eligible businesses will be asked to apply directly with the SBA. Our goal is to provide this information to you in hopes that you may qualify and be awarded such grant.

Please see below for further details and instructions on how to register and apply from the SBA.

Information about the Application Portal:

Registration for the Restaurant Revitalization Fund (RRF) will begin Friday, April 30 at 9 a.m. EDT and SBA will begin accepting applications via the SBA application portal on Monday, May 3 at 12 p.m. EDT. The application portal will remain open to any eligible establishment until all funds are exhausted.

For more information, read the press release here.

How to prepare:

In preparation, qualifying applicants should familiarize themselves with the application process in advance to ensure a smooth and efficient application. Follow the steps below.

Register for an account in advance at restaurants.sba.gov starting Friday, April 30 at 9 a.m. EDT. If you are working with Square or Toast, you do not need to register beforehand on the application portal.
Review the sample application, program guide and cross-program eligibility chart on SBA COVID-19 relief options.

For more information, visit sba.gov/restaurants.

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