Restaurant POS News

Help with the Restaurant Revitalization Fund

Apr 22, 2021 4:04:35 PM / by Lynn Skurla Perkins

 In an effort to help the restaurant industry, the Retail Solutions Provider Association, has produced a webinar and distributed the related PowerPoint slides to help with understanding and applying for the Restaurant Revitalization Fund grants.  (Yes, this is a grant, and those that are eligible should apply.)

(Please note:  this is a rapidly evolving program - please check the SBA website frequently for updates!)

One thing we did learn from the webinar, is that the calculation for the for RRF is fairly straight forward - download this sample form from the SBA website to find out what you may be eligible for.


And, the eligible expenses are much broader than under the PPP programs:*

  • Business Payroll Costs, including paid sick leave
  • Business Rent / Business Mortgage
  • Business Debt Service
  • Business Utilities
  • Business Food and beverage expenses, including raw materials
  • Business Maintenance Expenses
  • Construction of Outdoor Seating
  • Business Supplies
  • Covered Supplier Costs
  • Business Operating Expenses**

Who can apply:

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

*Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

**If you would like to use RRF funds to help pay for technologies that you need to help your restaurant through and beyond the pandemic:

approved-1049259_1280

 

Make an appointment

Call us at 907-243-2683

 

Tags: COVID Relief, Restaurant Revitalization Fund, SBA, RRF

Lynn Skurla Perkins

Written by Lynn Skurla Perkins

Lynn grew up in the point of sale and cash register industry working in the family business – and is now at the helm of Skurla's POS Solutions. She enjoys working with local Alaskan businesses, especially restaurants, grocery stores, and retail operations - helping them control costs and increase revenues through well managed point of sale solutions. Besides running the company, Lynn has also served on the Board of Directors, and as Chairman of the Board, for the Retail Solutions Provider Association. In her spare time, she loves cooking, camping and volunteering with organizations that are passionate about helping children.

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