Skip to content

National Restaurant Association Provides Early Information on Restaurant Revitalization Fund

silverware set wrapped up with a napkin

While we anxiously await more guidance and information on the Restaurant Revitalization Fund (RRF) from the Treasury and the SBA, the National Restaurant Association has been able to get some inside scoop from the SBA.   While there are some similarities to the Shuttered Venue Operators Grant (SVOG), a major difference includes the lack of requirement to obtain a DUNS number and register with SAM.gov. 

The FAQ document outlines a list of eligible entities and what may disqualify an entity from being eligible.  Factors that may disqualify an entity from eligibility include:

  • Owning or operating (together with affiliates) more than 20 locations,
  • Receipt of or having a pending application for SVOG,
  • Being publicly traded,
  • Operations outside of the U.S.,
  • If the entity is a state or local government owned business,
  • The entity is permanently closed,
  • The entity has filed for bankruptcy.

The draft application also provides a potential look at information that will be requested for businesses that hope to apply.

Would you like to learn more?

Join our email list to receive our most recent blog posts, notification of upcoming seminars, and access to new resources!

Stay Connected
More Updates

My tax return has been filed, now what?

Your tax return has been successfully filed with the IRS, and you may be done thinking about your taxes until next year. Or you may still have some questions, such

How Long Should You Keep Tax Records?

After filing your taxes, you are probably wondering what you can throw, what you should hold onto, and for how long. Actual tax returns should be held onto forever. But