The U.S. Small Business Administration (SBA) will be closing the Restaurant Revitalization Fund (RRF) portal on July 14th. The portal will remain open to check your application status but is currently closed for new applicants.
Any business that has not received funding as of July 1st will go back in line to be considered if Congress passes another round. The second round of the Restaurant Revitalization Fund was presented to Congress on June 9th, with no clear answer on whether it will be voted on.
According to the SBA, $28.6 billion have been set aside in the first round of funds, with 105,000 applications of the 370,000 receiving funding.
For more information on the SBA and the RRF please visit their website here.
