RESTAURANT REVITALIZATION FUND TRAINING

Get up to $10 Million in Forgivable Loans
This training includes everything needed to be approved.
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.

Allowable use of funds:

Funds may be used for specific expenses including: Business payroll costs (including sick leave), Payments on any business mortgage obligation, Business rent payments (note: this does not include prepayment of rent), Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest), Business utility payments, Business maintenance expenses, Construction of outdoor seating, Business supplies (including protective equipment and cleaning materials), Business food and beverage expenses (including raw materials), Covered supplier costs, Business operating expenses.
Restaurant Revitalization Funding
WHAT COMES IN MY TRAINING?
Restaurant Business Plan

Restaurant Business Plan

A fully editable restaurant business plan template. Simply fill in the blanks and your business plan is ready to submit with your other documentation.
Restaurant Document Templates

Document Templates

Document templates needed to provide the correct information for the maximum funding amount including balance sheet, funding calculator, and sales projections.
Restaurant Revitalization Application

How to Apply

Detailed instructions for how to apply for funding, documents required, and steps to take to get the maximum funding amount. This is a 100% forgivable loan when funds are used for allowed expenses.
Jessica Chapman Business Owner
 Create My Profit training made it so easy to get funded. I had everything ready, making the application process a breeze.  
Jessica Chapman
Small Business Owner
Jake Harris
Create My Profit training helped me get the funding my business needed to keep going. We almost had to close our doors but this training kept us open.  
Jake Harris
Small Business Owner
Nevaeh Adams
 I'm so thankful to Create My Profit. I didn't even know these programs were available and with their help, I received the funding I needed to expand my business. 
Nevaeh Adams
Small Business Owner

Forgivable Funding for Restaurants

Applying Restaurant Revitalization

Who Can Apply

Eligible entities who have experienced pandemic-related revenue loss include:
  • Restaurants
  • Food stands, food trucks, food carts
  • Caterers
  • ​Bars, saloons, lounges, taverns
  • Snack and nonalcoholic beverage bars​
  • ​Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
  • ​Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
  • ​Wineries and distilleries (onsite sales to the public comprise at least 33% or gross receipts)
  • ​Inns (onsite sales of food and beverages to the public comprise at least 33% of gross receipts)
  • ​Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
Revitalization Fund Priority Applicants

Priority Groups

  • A small business concern that is at least 51 percent owned by one or more individuals who are:
  • Women, or
  • Veterans, or
  • Socially and economically disadvantaged
  • Applicants must self-certify on the application that they meet eligibility requirements
  • Socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity as a member of a group without regard to their individual qualities.
  • ​Economically disadvantaged individuals are those socially disadvantaged individuals whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the same business area who are not socially disadvantaged.

Set Aside Funding

  • $5 billion is set aside for applicants with 2019 gross receipts of not more than $500,000
  • An additional $4 billion is set-aside for applicants with 2019 gross receipts from $500,001 to $1,500,000
  • An additional $500 million is set-aside for applicants with 2019 gross receipts of not more than $50,000
Allowable Use Restaurant Revitalization

Allowable Use of Funds

Funds may be used for specific expenses including:
  • Business payroll costs (including sick leave)
  • Payments on any business mortgage obligation
  • Business rent payments (note: this does not include prepayment of rent)
  • ​Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest)
  • ​Business utility payments
  • ​Business maintenance expenses
  • ​Construction of outdoor seating
  • ​Business supplies ( including protective equipment and cleaning supplies)
  • ​Business food and beverage expenses (including raw materials)
  • ​Covered supplier costs
  • ​Business operating expenses

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