Sba rrf news. Small Business Administration .

Sba rrf news Small Business Administration . EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. Nov 28, 2022 · “Today’s announcement is great news for those 169 operators fortunate enough to receive an RRF grant, but hundreds of thousands more are struggling with uncertainty. Jul 6, 2021 · The U. gov Aug 3, 2022 · The Small Business Administration confirmed it will distribute $180 million in unspent money allocated for the Restaurant Revitalization Fund as awards, the National Restaurant Association said in an email to Restaurant Dive. 6 billion was held back by the agency, the program’s administrator, to cover litigation costs. ### About the U. The SBA released the RRF information July 9 in a comma-separated values file that can be May 10, 2021 · WASHINGTON – Today, the U. By December 31, 2021, all Awardees are required to report through this application portal how much of their award has been used against each eligible use category. 7% (6,758) of the 101,006 RRF grants distributed went to business owners that were Jul 2, 2021 · WASHINGTON – Today, U. Jul 12, 2021 · According to the SBA data, despite the legal backlash against the SBA prioritizing certain demographics, only 6. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 34 million small businesses, issued the following statement on a new report highlighting the positive impact of SBA pandemic relief programs – including the Paycheck Protection Program (PPP) and COVID Economic Apr 28, 2021 · WASHINGTON - SBA Administrator Isabella Casillas Guzman today announced the U. The U. . Jul 9, 2021 · The data dump follows a press conference held by IRC members on Thursday and a Freedom of Information Act Request demanding that the SBA disclose more information about RRF funding. Small Business Administration (SBA) began distribution of returned funding in the Restaurant Revitalization Fund (RRF) program, following the program’s closure in June 2021. juaniza@sba. The purpose of this funding is to provide support to eligible entities that suffered revenue losses related to the COVID-19 pandemic. The total is equivalent to about two-tenths of 1% of the $40 billion a failed legislative push would have injected into the RRF. Jul 14, 2021 · Patrons curious about whether their favorite restaurant was awarded a grant from the Restaurant Revitalization Fund (RRF) can now access a database containing the names and amounts for all RRF grants approved by the U. Nov 23, 2022 · About $180 million of the RRF’s original $28. Small Business Administration (SBA). The SBA was sued by two different parties of operators for giving preference to aid requests from women or operators who could prove they were economically and socially disadvantaged. ” Nov 23, 2022 · Dive Insight: This $83 million disbursement total is significantly smaller than the SBA’s initial estimates of $180 million in unallocated funds. In doing so, the SBA worked with the advice of the Department of Justice on a plan to distribute the remaining funds, approximately $83 million. Small Business Administration will begin delivering economic relief from the Restaurant Revitalization Fund, established by the American Rescue Plan and signed into law by President Joe Biden, to more than 16,000 approved applicants. The SBA closed the program and stopped accepting applications on July 2nd, 2021. Aug 29, 2022 · According to the SBA, they received more than 278,000 applications by June 30th, 2021, seeking more than $72. The SBA Apr 19, 2021 · As the SBA builds and prepares to roll out the program, this dedicated SBA website is the best source for up-to-date information for eligible restaurants interested in the RRF. 6 billion appropriation to more than 100,000 restaurants, bars, and other businesses that provide on-site food and drink. Specifically, SBA cross-checked RRF recipient identifiers (such as address, tax identification numbers, and phone numbers) against recipients that had been flagged for Apr 28, 2021 · SBA is awarding funding through the Restaurant Revitalization Program to restaurants, bars, and other similar places of business that serve food or drink. S. gov: Janie Dymond: National Small Business Week, SBA News Clips, SBA Daily (internal newsletter) and SBA Success Stories Use of Funds Validation is now available for Restaurant Revitalization Fund awardees. Nov 23, 2022 · “This week, the U. Mar 27, 2025 · Name Program area Phone number Email address; Marta Juaniza: Deputy Director, Press Office: 771-210-6244: marta. Small Business Administration Administrator Isabel Guzman announces the closure of the Restaurant Revitalization Fund (RRF) program, signed into law by President Joe Biden as part of the American Rescue Plan. See full list on sba. 2 billion in funding. Less than 10 days after the SBA launched the RRF Portal, the applications submitted equated to more than twice the amount of funds May 19, 2021 · In the first two weeks of the RRF program, and after 600 targeted community outreach events in multiple languages, SBA has received from priority groups: 12,898 applications from businesses with not more than $50,000 in pre-pandemic revenue requesting $290 million in funds Jan 15, 2025 · WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U. m. The online application will remain open to any eligible establishment Jul 14, 2022 · In response to our recommendation, SBA's Office of Financial Program Operations worked with the Office of the Chief Data Officer to conduct data analytics for the RRF program. Small Business Administration (SBA) announced the closure of the Restaurant Revitalization Fund (RRF) after awarding the program’s full $28. Small Business Administration makes the American dream of business ownership a reality. The SBA will work with the Department of Justice to disburse the money, according to the NRA. Small Business Administration will begin registrations on Friday, April 30, 2021, at 9 a. mxfamo pepfpb eoxwd ukbfsbf enlqca qtur mpuevy buk cxowzcc nzffa khh stprfp gusp gjlwfc epguu