Restaurant Revitalization Fund / SBA Info Session

Description

The City of Fort Collins and Larimer Small Business Development Center (SBDC) in partnership with the Small Business Administration (SBA) Colorado Office will be hosting a virtual informational Q&A session on Wednesday, April 28, 2021 at 9:00 a.m. MT. Spanish interpretation will be available at the meeting. 
 
All Northern Colorado businesses are welcome to attend. 

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. 
 
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) 
• Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts) 
• Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts) 
• Inns (onsite sales of food and beverage 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