Restaurant Revitalization Fund

Recovery for the Smallest Restaurants and Bars: Administrator Guzman Announces Latest Application Data Results for the Restaurant Revitalization Fund

Wednesday, May 12, 2021 - 6:44pm

\xe2\x80\x9cThe numbers show that we\xe2\x80\x99ve been particularly successful at reaching the smallest restaurants and underserved communities that have struggled to access relief.

Key Points: 
  • \xe2\x80\x9cThe numbers show that we\xe2\x80\x99ve been particularly successful at reaching the smallest restaurants and underserved communities that have struggled to access relief.
  • These businesses are the pillars of our nation\xe2\x80\x99s neighborhoods and communities.
  • Nearly half of the overall submitted applications came from women, veterans, and socially and economically disadvantaged business owners.
  • "\n\xe2\x80\x9cThe Restaurant Revitalization Fund will play a crucial role in the recovery of our smallest businesses, street vendors.

The SBA Funds 16,000 Restaurant Revitalization Fund Awards

Monday, May 10, 2021 - 9:58pm

Restaurants and other food and beverage businesses across the nation will begin to see funds in bank accounts as early as Tuesday, May 11.\n\xe2\x80\x9cJust one week after launching the $28.6 billion Restaurant Revitalization Fund, I am pleased to officially report that the SBA has begun to fund applications and that more than 16,000 restaurants and other food and beverage business owners will get much-needed relief in their hands,\xe2\x80\x9d said SBA Administrator Isabella Casillas Guzman.

Key Points: 
  • Restaurants and other food and beverage businesses across the nation will begin to see funds in bank accounts as early as Tuesday, May 11.\n\xe2\x80\x9cJust one week after launching the $28.6 billion Restaurant Revitalization Fund, I am pleased to officially report that the SBA has begun to fund applications and that more than 16,000 restaurants and other food and beverage business owners will get much-needed relief in their hands,\xe2\x80\x9d said SBA Administrator Isabella Casillas Guzman.
  • The SBA will continue to fund approved applications until all funds have been exhausted.
  • While the SBA will continue accepting applications from any eligible establishment until funds are exhausted, the number of applications received so far could exhaust the funds authorized to fund the RRF.
  • It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations.

Administrator Isabella Casillas Guzman Announces Initial Results of Restaurant Revitalization Fund

Thursday, May 6, 2021 - 1:03am

b'Washington, May 05, 2021 (GLOBE NEWSWIRE) -- Today Administrator Isabella Casillas Guzman announced the initial results of the successful May 3rd launch of the Restaurant Revitalization Fund , showing more than 186,000 applications from restaurants and other food and beverage businesses in all 50 states and the District of Columbia.

Key Points: 
  • b'Washington, May 05, 2021 (GLOBE NEWSWIRE) -- Today Administrator Isabella Casillas Guzman announced the initial results of the successful May 3rd launch of the Restaurant Revitalization Fund , showing more than 186,000 applications from restaurants and other food and beverage businesses in all 50 states and the District of Columbia.
  • \xe2\x80\x9cAs directed by Congress, we\xe2\x80\x99re prioritizing historically underserved communities and smaller businesses to ensure this relief is going to those who need it the most.
  • Those interested in applying to the program should visit sba.gov/restaurants for sample application, program guide, and more.
  • It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations.

Lightspeed partners with U.S. Small Business Administration to expedite hospitality industry relief

Tuesday, May 4, 2021 - 10:00pm

b'MONTREAL, May 4, 2021 /PRNewswire/ - Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced a partnership with the U.S. Small Business Administration (SBA) to help hospitality merchants access new funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF).

Key Points: 
  • b'MONTREAL, May 4, 2021 /PRNewswire/ - Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced a partnership with the U.S. Small Business Administration (SBA) to help hospitality merchants access new funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF).
  • "\nThrough May 25, the SBA will prioritize processing and awarding funds to businesses that are majority owned and controlled by women, veterans, or socially and economically disadvantaged groups.
  • Applications from businesses that do not qualify can still be submitted and will be reviewed after May 25.
  • With smart, scalable and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality, and golf industries.

SpotOn Partners with U.S. Small Business Administration to Help Restaurants Streamline Application for $28.6B Restaurant Revitalization Fund

Wednesday, April 28, 2021 - 4:00pm

b"SpotOn , a leader in fully-integrated restaurant management systems and small business technology, today announced a partnership with the U.S. Small Business Administration (SBA) to assist clients in accessing funds from the $28.6B Restaurant Revitalization Fund (RRF), part of the American Rescue Plan Act.

Key Points: 
  • b"SpotOn , a leader in fully-integrated restaurant management systems and small business technology, today announced a partnership with the U.S. Small Business Administration (SBA) to assist clients in accessing funds from the $28.6B Restaurant Revitalization Fund (RRF), part of the American Rescue Plan Act.
  • In addition, SpotOn will make it even easier for clients to directly upload data from their SpotOn Restaurant point-of-sale system to the SBA\xe2\x80\x99s portal safely and securely.
  • The company also waived $1.5M in software fees, assisted in PPP loan applications, and introduced low-cost private lending through SpotOn Capital .
  • To learn more about how SpotOn is helping restaurants, head to the SpotOn blog .\nSpotOn powers small- and midsize businesses (SMBs) with the digital tools they need to run and grow their business.

SBA Administrator Guzman Announces Application Opening for $28.6 Billion Restaurant Revitalization Fund

Tuesday, April 27, 2021 - 3:44pm

They are among the businesses that have been hardest hit and need support to survive this pandemic.

Key Points: 
  • They are among the businesses that have been hardest hit and need support to survive this pandemic.
  • We want restaurants to know that help is here,\xe2\x80\x9d said Administrator Guzman.
  • \xe2\x80\x9cThe SBA has focused on the marketplace realities of our food and beverage businesses in designing the Restaurant Revitalization Fund to meet businesses where they are.
  • It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations.

NCR Partners with U.S. Small Business Administration to Help Restaurants Receive Revitalization Fund Grants

Monday, April 26, 2021 - 4:00pm

b'NCR Corporation (NYSE: NCR), a leading provider of end-to-end software and technology that runs restaurants, today announced it is working with the U.S. Small Business Administration (SBA) to help NCR customers receive Restaurant Revitalization Fund (RRF) grants.\nThe restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic.

Key Points: 
  • b'NCR Corporation (NYSE: NCR), a leading provider of end-to-end software and technology that runs restaurants, today announced it is working with the U.S. Small Business Administration (SBA) to help NCR customers receive Restaurant Revitalization Fund (RRF) grants.\nThe restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic.
  • To help bring jobs back and revive the industry, the American Rescue Plan established the $28.6 billion RRF at the SBA.
  • The SBA will administer the funds to the hardest-hit small restaurants.\n\xe2\x80\x9cRestaurants have been scrambling to survive the downturn caused by the pandemic,\xe2\x80\x9d said Dirk Izzo, president and general manager, NCR Hospitality.
  • NCR is trusted by more than 100,000 restaurants, including independent operators, domestic chains and international brands across the globe.

Toast Announces Partnership with U.S. Small Business Administration to Provide Restaurants with Access to $28.6B Restaurant Revitalization Fund

Thursday, April 22, 2021 - 5:00pm

b'Toast , the fastest-growing restaurant management platform, today announced a partnership with the U.S. Small Business Administration (SBA) to help provide customers with access to funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF).

Key Points: 
  • b'Toast , the fastest-growing restaurant management platform, today announced a partnership with the U.S. Small Business Administration (SBA) to help provide customers with access to funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF).
  • View the full release here: https://www.businesswire.com/news/home/20210422005814/en/\nToast Announces Partnership with U.S. Small Business Administration to Provide Restaurants with Access to $28.6B Restaurant Revitalization Fund (Photo: Business Wire)\nThe restaurant industry has been among the hardest-hit industries during the COVID-19 pandemic.
  • Restaurant owners and operators can learn more about Toast and schedule a personalized demo here .\nLaunched in 2013, Toast is democratizing technology for restaurants of all sizes.
  • Tens of thousands of restaurants partner with Toast to increase revenue, streamline operations, retain great employees, and create raving fans.

Square Announces Participation in the Small Business Administration’s Restaurant Revitalization Fund Distribution Efforts

Thursday, April 22, 2021 - 4:00pm

b'Today, Square announced its participation as a technology partner in the Restaurant Revitalization Fund (RRF) , a $28.6 billion grant program administered by the Small Business Administration (SBA).

Key Points: 
  • b'Today, Square announced its participation as a technology partner in the Restaurant Revitalization Fund (RRF) , a $28.6 billion grant program administered by the Small Business Administration (SBA).
  • Square sellers who processed outside of this timeline are encouraged to apply through the SBA website using Square account data.
  • This collaboration is just one example of the many innovative and creative ways we\xe2\x80\x99re connecting with entrepreneurs in the hardest-hit and underserved communities,\xe2\x80\x9d said SBA Administrator Isabella Casillas Guzman .
  • This partnership enables us to meet small businesses where they are, instead of waiting for them to come to us.\xe2\x80\x9d\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210422005419/en/\n'