News
SBA update – 4/23/21 – SVOG Applicant to Re-open April 24, Montana webinars for Restaurant Revitalization Fund (RRF), PPP Data
April 23, 2021 /
Good afternoon Montana-
Happy Friday! Couple big update items this fine Friday afternoon (along with updated PPP data):
- The SBA is announcing the reopening of the SVOG program on April 24 (see attached);
- Special series of Montana webinars and resources for the Restaurant Revitalization Fund (RRF) which is expected to open for applications soon.
- PPP Data (2021) – Paycheck Protection Program (PPP) Report: Approvals through 04/18/2021 (sba.gov)
- National: 4,733,661 loans for $240,161,960,611
- Montana: 20,450 loans for $763,048,084
- Announcement – SVOG Application to Reopen on April 24
- WASHINGTON – The U.S. Small Business Administration will reopen the Shuttered Venue Operators Grant application portal tomorrow, April 24, 2021, at 12:30 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief
- Restaurant Revitalization Fund (RRF) (Note: The RRF is a direct SBA program. It is NOT delivered by the banks like PPP)
- The Restaurant Revitalization Fund (RRF) is intended 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. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
- Who is eligible? Eligible entities are businesses that are not permanently closed and include businesses where the public or patrons assemble for the primary purpose of being served food or drink. Includes:
- Restaurants
- Food stands, food trucks, food carts
- Caterers
- Bars, saloons, lounges, taverns
- Snack and nonalcoholic beverage bars (e.g., coffee shops, ice cream shops)
- 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
- Other similar places of business in which the public or patrons assemble for the primary purpose of being served food or drink
- All entities listed above that do not have an asterisk are presumed to have greater than 33% onsite in 2019 food and beverage sales
- RRF POS Announcement: WASHINGTON –The U.S. Small Business Administration announced today the first round of technology partners participating in a new initiative for the Restaurant Revitalization Fund (RRF) – a program that will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their trusted point-of-sale (POS) service providers. SBA is proud to announce partnerships with Clover ®, NCR Corporation, Square, and Toast in this groundbreaking effort to provide a customer-centric approach to the delivery of relief funds….While SBA encourages applicants to use the POS ecosystem, applicants without access to point-of-sale service providers can submit their applications electronically at https://restaurants.sba.gov/….SBA is in ongoing conversations with other interested parties to continue to widely and equitably deliver an experience that is centered around who it is serving – owners of restaurants, bars, breweries, bakeries, etc. Point-of-sale service providers who are interested in participating in this program should email [email protected]. A full list of official point-of-sale service providers will be continually updated and can be found at https://restaurants.sba.gov/.
- RRF Email Alerts:
- Where to Apply: (Note: The application portal is not currently accepting applications. Once we know an opening date we will send out an update.)
- RRF Supplemental Documents
- Application preparation assistance: Interested applicants seeking assistance with their application should seek the following sources:
- RRF knowledge base support documentation
- Call center support: 1-844-279-8898
- RRF webpage: Restaurant Revitalization Fund (sba.gov)
- Montana Webinars: Get ready to apply. Offering of special Montana webinars for RRF information: Four webinars are scheduled over the next two weeks for potential applicants to learn more about the RRF program and how to apply. If you are interested in attending one of these webinars links for the four offerings are listed below. Please share this webinar information and any RRF information to any interested parties.
- April 27 @ 2:00 PM – https://www.facebook.com/events/853341368871660
- April 29 @ 9:30 AM – https://www.facebook.com/events/162643572415497
- May 4 @ 9:30 AM – https://www.facebook.com/events/941936903306569
- May 6 @ 2:00 PM – https://www.facebook.com/events/663417364439299
As always, if you have questions on these or any SBA assistance program, we’ll do our best to assist at the Montana District Office. As additional information come available, we will continue to push it out. Please feel free to share this with any groups/contacts you may have as we want to be sure and get the word out that these programs are available.
Have a great weekend!
Take care,
-Brent.
Brent E. Donnelly
District Director – Montana
U.S. Small Business Administration
10 West 15th Street – 1100
Helena, MT 59626
Desk: 406-441-1083
Mobile: 406-439-7613
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