RRF IS CLOSED
The SBA closed the Restaurant Revitalization Fund (RRF) three weeks after received more than 362,00 applications requesting close to $80 billion in assistance. The RRF has been a critical lifeline for struggling businesses. Unfortunately, that allocation wasn’t nearly enough to meet the demand. The U.S. Small Business Administration (SBA) received nearly $75 billion in requests.
While the RRF has officially closed, multiple bills to replenish the fund by up to $60 billion are being debated in Congress right now.
YOUR stories are critical to getting additional RRF funding approved by Congress! If you were approved for RRF but didn’t receive grant funds, we need to hear from you! Please reach out to the Washington Hospitality Association’s Grassroots Coordinator Jordan Caron at: firstname.lastname@example.org to share your story.
HALT ON DISBURSEMENTS TO SOME AWARDEES
On June 11, the SBA informed 2,965 small businesses owned by women, veterans and economically and socially disadvantaged people that they would not be receiving their approved Restaurant Revitalization Fund awards in compliance with recent court rulings. The SBA’s 21-day priority period is the subject of several lawsuits which allege that prioritizing applicants on the basis of race and gender is unconstitutional. The SBA decision to halt its prioritization program has not impacted the $27 billion already disbursed to more than 100,000 applicants. The $28.6 billion restaurant fund received $80 billion in requests for relief before it closed, and the legislation has been introduced to replenish the fund. Read about the court rulings here.
In response to the suspension of awards, the National Restaurant Association sent a letter to the administrator of the SBA urging them to find a creative solution using excess funds in other SBA accounts to fulfill the government promise made to these 2,965 operators. Read the letter here.
If you have a question about an RRF application or award, please call the SBA call-center support (open 8 a.m.-8 p.m. EST Mon-Fri): 1-844-279-8898.
- SBA call-center support (open 8 a.m.-8 p.m. EST Mon-Fri): 1-844-279-8898
- Washington Hospitality Association members should contact their territory manager for assistance or email email@example.com.
- S. Small Business Administration Seattle District Office 206-553-7310 / 509-353-2800 (Spokane)
- Small Business Resiliency Network This network provides culturally relevant assistance for business owners and organizations affected by the coronavirus pandemic. Visit this website to connect with organizations that can provide technical assistance and help access translation services.
- Seattle Metropolitan Chamber’s REACH program and the Business Health Trust Employers in the region with 100 or fewer employees can get accounting consulting services to help navigate the Restaurant Revitalization Fund, PPP, Employee Retention Tax Credits and the Shuttered Venue Operators Grant. Email firstname.lastname@example.org get connected with an accountant at Clark Nuber.
- Seattle’s Office of Economic Development at 206-684-8090 Application help for Seattle businesses in English, Spanish, Vietnamese, Cantonese, Mandarin, Korean, Somali, Amharic, Thai and Tgrinya.
- AHANA is providing technical support for small businesses in underserved and under-represented communities in Eastern Washington affected by the coronavirus pandemic. ahana-meba.org/covid-19/cv19/or 509-999-5365 or email email@example.com.
- Washington Hospitality Association’s Coronavirus Resources for Restaurants
- Washington Hospitality Association’s Coronavirus Resources for Hotels
- Washington Hospitality Association’s Coronavirus Resources for Entertainment
- SBA’s Seattle District Office
- SBA’s COVID-19 Recovery Information in Other Languages
- Washington Economic Development Association’s COVID-19 resources