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Client Alert: SBA Announces Registration and Application Dates for RRF

According to a recent press release from the Small Business Administration (“SBA”), registration for the Restaurant Revitalization Fund (“RRF”) will begin on Friday, April 30, 2021, at 9:00 AM (Eastern Time).

The RRF will also begin accepting applications on Monday, May 3, 2021, at noon (Eastern Time).

As a reminder, although all applicants are free to apply on May 3rd, the SBA will be prioritizing applicants at least 51% owned and controlled by women, veterans, and/or socially and economically disadvantaged individuals (or any combination thereof) for the first 21 days of the program.

In advance of applying, the SBA recommends applicants familiarize themselves with the application process by completing the following steps:

RIW will continue to provide updates relative to COVID-19 relief programs, including the Restaurant Relief Fund, and related legislation as additional guidance becomes available.

Michael J. Barone, Jr. is an attorney in Ruberto, Israel & Weiner’s Commercial Real Estate Group and can be reached at 617-570-3511 or mjb@riw.com

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This summary is presented for informational and educational purposes only, does not constitute legal advice, nor create an attorney-client relationship. For a full understanding of the issues, please contact counsel of your choice.

POSTED IN: COVID-19, Hospitality Practice Group, News

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