26 Mar 2021 Restaurant Revitalization Fund (RRF) Update
Much has been written regarding the Restaurant Revitalization Fund (RRF) already. For details on the RRF program please read our previous article. The following provides several important updates on the RRF program.
On March 25, 2021, the SBA announced a “Phased Launch” of the RRF program to begin in April 2021. This is excellent news for those who qualify, as there has been speculation that the RRF program might not start funding grants until June 2021.
As a reminder, there are two things the National Restaurant Association recommends you can do now to help alleviate your waiting time when the RRF program does finally roll out.
The two steps are as follows:
- Apply for a Data Universal Numbering System (DUNS) number, which is free and can take up to two business days to process with Dunn and Bradstreet. Click here.
- Register with the U.S. Federal Government’s System for Award Management (SAM), which is free and can take up to two weeks to process. Click here.