Rep. Schneider: American Rescue Plan Relief for Restaurants Available
Register through SBA Portal Today Here
DEERFIELD, IL – Today, Congressman Brad Schneider (IL-10) announced that restaurants in Illinois are 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 Rep. Schneider helped pass last month. The law incorporated key provisions from the RESTAURANTS Act, which Schneider also co-sponsored in the previous Congress.
“Illinois’s independent restaurants, like so many businesses across our country, have struggled and sacrificed in the face of the pandemic. The American Rescue Plan took special steps to help these businesses overcome their struggles and get them the relief they need and deserve to bring Illinois economy and jobs back to life. The Restaurant Revitalization Fund will play a critical role in our pursuit of a full recovery,” said Congressman Brad Schneider.
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 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:
- 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