Department of Veterans Affairs VA Small Business Administration

Department of Veterans Affairs (VA) & Small Business Administration (SBA) Virtual Information Session: Explaining the Restaurant Revitalization Fund May 5, 2021 Date: Wednesday, May 5, 2021 Time: 2: 00 pm – 2: 45 pm ET Location: Virtual session powered by Cisco Webex In collaboration with the SBA, VA will host a virtual information session. During this information session participants will hear information about the Restaurant Revitalization Fund (RFF). To learn more and to register for the virtual session, please visit: https: //www. vetbiz. va. gov/events, and click the link for the “In collaboration with the SBA, VA will host a virtual information session. During this information session, participants will hear information about the Restaurant Revitalization Fund (RFF). Please review the details of the events webpage carefully, prior to registering. As capacity is limited, please register soonest. If you have questions about the RFF or need assistance with preparing your application, contact the SBA’s Call Center Support Team at 1 -844 -279 -8898. Background The American Rescue Plan Act established the RRF to provide 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). When to Apply Registration for the SBA application portal is now open. Applications will open on Monday, May 3, 2021, at noon ET. Priority Period Days 1 through 21 SBA will accept applications from all eligible applicants, but only process and fund priority group applications. The priority group for the first 21 days are small business concerns that are at least 51 percent owned by one or more individuals who are Women, Veterans, socially or economically disadvantaged. The definition of socially disadvantaged or economically disadvantaged individuals is depicted on the SBA’s website. Applicants must self-certify on the application that they meet eligibility requirements of the earlier mentioned priority group. Business Category Application Eligibility • • • Restaurants Food stands, food trucks, food cart Caterers Bars, saloons, lounges, taverns Snack and non-alcoholic beverage bars Bakeries (onsite sales to the public comprise at lease 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