La Crosse, WI – Today, Rep. Ron Kind announced that Wisconsin restaurants will be able to apply for direct relief through the Restaurant Revitalization Fund beginning Monday, May 3.
The $28.6 billion Restaurant Revitalization Fund was created by the American Rescue Plan that Rep. Kind helped pass last month. The law incorporated key provisions from the RESTAURANTS Act, which Rep. Kind also co-sponsored in the previous Congress.
“Our restaurants and small businesses are the heart of our local communities, but unfortunately, they’ve been hit hard by the COVID-19 pandemic,” said Rep. Ron Kind. “Ensuring restaurants are able to keep their doors open and employees on payroll is crucial to our recovery as we continue to build back stronger than ever. I’m glad to see the American Rescue Plan working to deliver direct relief to them through the Restaurant Revitalization Fund.”
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.
Entities eligible to apply:
- Restaurants
- Food stands, food trucks, food carts
- Caterers
- Bars, saloons, lounges, taverns
- Snack and nonalcoholic beverage bars
- Bakeries*
- Brewpubs, tasting rooms, taprooms*
- Breweries and/or microbreweries*
- Wineries and distilleries*
- Inns*
- Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase product
*Onsite sales of food and beverage to the public comprise at least 33% of gross receipts
Rep. Kind serves on the Ways and Means Committee, the most powerful – and the oldest – committee in the House of Representatives. It has jurisdiction over tax measures, the management of public debt, trade and tariff laws, Social Security, Medicare, pensions, and many other economic growth measures.
