Department of Veterans Affairs (VA) & Small Business Administration (SBA) Virtual Information Session: Explaining the Restaurant Revitalization Fund (RRF)

Department of Veterans Affairs (VA) & Small Business Administration (SBA) Virtual Information Session: Explaining the Restaurant Revitalization Fund 

Date: Wednesday, May 5, 2021
Time: 2:00 p.m. – 2:45 p.m. ET
Location: Virtual session powered by Cisco Webex

To register for this virtual session visit: https://veteransaffairs.webex.com/veteransaffairs/onstage/g.php?MTID=ea2911be5d8617b049cce8daf5d532ac9

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Click Register located after “Event Status” or at the bottom of the page
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 Agenda

• Introductions and Overview
• Presentation – 30 minutes
• Question and Answer – 15 minutes

Event Overview:   In collaboration with the SBA, VA will host a virtual information session. During this information session participants will hear information about the Restaurant Revitalization Fund (RFF). 

Background:  The American Rescue Plan Act established the 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). 

When to Apply:  Registration for the SBA application portal is now open. Applications will open on Monday, May 3, 2021, at noon ET.

Application Eligibility
 The following small business types are encouraged to participate in this session:

• Restaurants 
• Food stands, food trucks, food carts
• Caterers
• Bars, saloons, lounges, taverns
• Snack and non-alcoholic beverage bars
• Bakeries (onsite sales to the public comprise at lease 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

Priority Period:  Days 1 through 21 SBA will accept applications from all eligible applicants, but only process and fund priority group applications.  The priority group for the first 21 days are small business concerns that are at least 51 percent owned by one or more individuals who are Women, Veterans, socially or economically disadvantaged.  The definition of socially disadvantaged or economically disadvantaged individuals is depicted on the SBA’s website.  Applicants must self-certify on the application that they meet eligibility requirements of the earlier mentioned priority group.  

For more information including please visit the SBA Restaurant Revitalization Fund webpage at Restaurant Revitalization Fund (sba.gov) .

If you have questions about the RFF or need assistance with preparing your application, contact the SBA’s Call Center Support Team at 1-844-279-8898.

Mr. Larry Stubblefield is the Associate Administrator for the Office of Veterans Business Development (OVBD) at the U.S. Small Business Administration (SBA). In this role, Mr. Stubblefield oversees the OVBD team in formulating, implementing, administering, and promoting policies and programs that equip veterans, service members (active duty, National Guard, Reserve), and military spouse-owned small businesses with counseling and education, access to capital, and contracting opportunities.Mr. Stubblefield joined the SBA in 2016, serving as the Assistant Administrator for the Office of Diversity, Inclusion and Civil Rights, and most recently as the Acting Associate Administrator for OVBD. Prior to the SBA, he held numerous leadership positions with the US Army, including Deputy Assistant Secretary of the Army for Diversity and Leadership and Functional Chief Representative for the Army’s Equal Employment Opportunity Career Program. Mr. Stubblefield has first-hand military experience, having served 30 years as an enlisted soldier and active duty officer in the US Army. In 2005, he retired from the military as a Colonel and was appointed to the Senior Executive Service. He holds an MBA from the University of Tennessee and a BS in Business Management from Embry Riddle Aeronautical University.