Webinar: How to Benefit From the $28.6 Billion Restaurant Revitalization Fund

March 17, 2021

Restaurateurs, learn more about the Restaurant Revitalization Fund and how it can support your restaurant financially.

During the webinar we cover:

  • Eligibility requirements for the RRF
  • How to calculate the available grant amount
  • How restaurants can use grant funds
  • What should restaurateurs be doing to prepare for the application process

Expert panelists include:

  • Tommy Lee, Partner-in-Charge, Retail, Franchise & Hospitality Services
  • Jessica Hussain, Partner, Retail, Franchise & Hospitality Services
  • Adam Venokur, Regional Managing Partner, Northeast

President Biden signed the American Rescue Plan Act of 2021 on Thursday, March 11, 2021, which includes $28.6 billion in restaurant relief.

Watch the webinar as we dig into the details of the Restaurant Revitalization Fund (RRF). We discuss how you can use these funds to boost your balance sheets and cash flow so your business can thrive.

Let Aprio Help

At Aprio, we are continuously monitoring new guidance from the SBA, as well as the Treasury, Congress and the IRS, to ensure we have the latest information when advising our clients and helping them claim much-needed COVID-19 relief funds.

For further clarification and questions, contact Aprio’s Revitalization Fund team.

Disclaimer for services provided relative to SBA programs and the CARES Act

Aprio’s goal is to provide the most up-to-date information, along with our insights and current understanding of these programs and regulations to help you navigate your business response to COVID-19.

The rules regarding SBA programs are constantly being refined and clarified by the SBA and other agencies In certain instances, the guidance being provided by the agencies and/or the financial institutions is in direct conflict with other competing guidance, regulations and/or existing laws.

Due to the evolving nature of the situation and the lack of final published rules, Aprio cannot guarantee that additional changes or updates won’t be needed or forthcoming and the original advice given by Aprio may be affected by the evolving nature of the situation.

You need to evaluate and draw your own conclusions and determine your Company’s best approach relative to participation within these programs based on your Company’s specific circumstances, cash flow forecast and business strategy.

In situations where resources are provided by third parties, those services should be covered under a separate agreement directly with that service provider. Aprio is not responsible for the actions of any other third party.

Aprio encourages you to contact your legal counsel to address the legal implications of the impact of the CARES Act and specifically your participation in any of the SBA programs.

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About the Author

Tommy Lee

Tommy is the partner-in-charge of Aprio's Retail, Franchise and Hospitality group. His practice focuses on small and mid-sized retail, franchise and hospitality companies and real estate firms. Tommy has expertise in corporate structuring arrangements, multi-state and international tax planning, and corporate and individual tax mitigation.