The Restaurant Revitalization Award portal is a helpful tool that allows applicants to follow their award status and interact with the SBA. The system also calculates the amount of award money that is eligible for a specific business. The website also helps restaurant owners determine their eligibility based on the number of locations they have. The SBA will prioritize applications from women and veterans who are disadvantaged by the economy. It’s important to note that you must be located in the United States to qualify for this program.
To apply, visit the official Restaurant Revitalization Award Portal. The application will open on April 30, 2019 at 12 p.m. EDT. The portal will remain open until all available funding is used. The portal will continue accepting applications until all funds have been allocated. While all applications are accepted, applicants should note that applications will be processed in the order they are received. Small businesses that are unable to obtain traditional financing should focus their efforts on improving their existing business.
The Restaurant Revitalization Award portal is a great resource for entrepreneurs looking to revive their business.
For more information you can go to sba.gov or you can also watch the below video.
If we can help you with anything else regarding funding for your restaurant business please contact us through the form below or give us a call.