The online application opens Monday, May 3rd, and will remain open until all funds are depleted.
The SBA will begin registrations on Friday at 9 a.m. eastern and will open online applications for the $28.6 billion Restaurant Revitalization Fund Monday afternoon.
There are three ways to apply to the Restaurant Revitalization Fund. The first option is to apply through a recognized “SBA Restaurant Partner.” The other two options are to submit applications electronically at https://restaurants.sba.gov/ or apply via phone at 844.279.8898.
To prepare, the SBA recommends that eligible restaurants familiarize themselves with the application process to ensure a smoother experience. Here are some steps the SBA recommends:
Registering for an account in advance at restaurants.sba.gov starting Friday, at 9 a.m. EST.
Reviewing the official guidance, including program guide, frequently asked questions, and application sample.
Preparing the required documentation.
Working with a point-of-sale vendor or visiting restaurants.sba.gov to submit an application when the application portal opens.
Take the time now to visit the SBA’s official page to get information about the documentation you’ll need to provide and a sample application.
TimePayment helps all types of businesses and customers acquire and deploy the equipment they need to power their businesses. Our strong financial partnerships mean more program options for all types of credit profiles.
We match our people, services, and technology to how our vendors sell and not the other way around. It’s the best way to make sure we help you sell more by matching your buyers’ needs with the right finance products.