The Restaurant Revitalization Fund (RRF) provides funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. Please reach out to the Illinois Small Business Center at CMAA illinoissbdc@chinesemutualaid.org if you have any questions or would like help applying!
WEBINAR: Restaurant Revitalization Fund
Registration:
Registration for the RRF application will begin this Friday, April 30, at 8:00 a.m. (Central) and applications will officially open on Monday, May 3 at 11:00 a.m. (Central)
Program Resources:
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Application Sample: https://www.sba.gov/document/sba-form-3172-restaurant-revitalization-funding-application-sample
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Required documentation: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund#section-header-9
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Overview in various languages:https://www.sba.gov/document/support-restaurant-revitalization-fund-overview?tm_medium=email&utm_source=govdelivery#french
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FAQ from the National Restaurant Association:
https://restaurant.org/downloads/pdfs/business/faq_revitalization_grants.pdf
Illinois Small Business Development Center
at Chinese Mutual Aid Association
The Illinois Small Business Development Center (SBDC) at Chinese Mutual Aid Association (CMAA) is part of a nationwide network of centers that promote entrepreneurship, small business growth and the U.S. economy through no-cost, confidential consulting for new and established businesses and entrepreneurs.
Services Include:
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One-on-one business advice and management assistance
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Assistance with the development of business plans
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Help with accessing market information and the development of marketing plans
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Assistance with accessing business financing programs
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Assistance with financial analysis and planning
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Access to business education and training opportunities
Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Please contact the center at (773) 784-2900
For more information or if you would like to schedule an appointment please visit
https://www.chinesemutualaid.org/illinois-sbdc