Salem Zoom: The Restaurant Revitalization Fund Program.

The Salem Chamber of Commerce and Creative Collective join forces to learn about the new SBA Covid-19 Relief Option, the Restaurant Revitalization Fund Program.

The American Rescue Plan Act established the Restaurant Revitalization Fund (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. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

Dan Martiniello, Lender Relations Specialist of the SBA’s Massachusetts District Office will provide information regarding eligibility and application guidance for the Restaurant Revitalization program to go along with a Q&A session at the end of the presentation.