Rep. Smith Encourages Restaurants to Register for American Rescue Plan Relief through SBA Portal Today
May 3, 2021
SEATTLE, WA – Representative Adam Smith (D-Wash.) announced today that restaurants in Washington state will be able to apply for direct relief through the Restaurant Revitalization Fund beginning Monday, May 3, at 9:00 AM PT. Applicants can register on the U.S. Small Business Administration application portal here.
“Independent restaurants in Washington’s ninth district are the cornerstones of our community and local economy,” said Rep. Smith. “I am proud that we passed direct relief for them and the people they employ as part of the American Rescue Plan. The recovery of our restaurant and hospitality businesses are both an important key to a full recovery and it’s crucial we continue to support them so we can soon gather again safely with friends and family.”
The $28.6 billion Restaurant Revitalization Fund was created by the American Rescue Plan that Rep. Smith helped pass last month. The law incorporated key provisions from the RESTAURANTS Act, which Rep. Smith also co-sponsored in the previous Congress.
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.