U.S. Representative Espaillat has announced that restaurants in New York’s 13th congressional district can apply for direct relief through the Restaurant Revitalization Fund, which started this week.
Applicants can register on the U.S. Small Business Administration application portal here.
The $28.6 billion Restaurant Revitalization Fund was created by the American Rescue Plan that Rep. Espaillat helped pass last month.
The law incorporated key provisions from the RESTAURANTS Act, which Rep. Espaillat also co-sponsored in the previous Congress.
“Independent restaurants of my district are the cornerstone of our community, and it remains critical that we support their recovery along our journey to reopen following the devastation brought on by the pandemic,” said Rep. Espaillat. “I am proud that we passed direct relief for local businesses and specifically for our restaurants as part of the American Rescue Plan. We are truly united together and the comeback of our restaurant and hospitality businesses is an important key to our efforts to rebuild, repair and recover.”
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).
For 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 (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
Representative Espaillat is the first Dominican American to serve in the U.S. House of Representatives and his congressional district includes Harlem, East Harlem, West Harlem, Hamilton Heights, Washington Heights, Inwood, Marble Hill and the northwest Bronx.
First elected to Congress in 2016, Representative Espaillat is serving his third term in Congress.
Representative Espaillat currently serves as a member of the influential U.S. House Committee on Appropriations responsible for funding the federal government’s vital activities.
He is also a member of the Congressional Hispanic Caucus (CHC), where he serves as the Second Vice-Chair and is a member of the Congressional Progressive Caucus, where he serves as Deputy Whip.
Representative Espaillat also currently serves as a Senior Whip of the Democratic Caucus.
To find out more about Rep. Espaillat, visit online at https://espaillat.house.gov/.
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