I wanted to make you aware of some federal grant funding that could provide additional funds to you and your business.
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. The program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more that $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.
What is most important to you is who qualifies for the funding. Included under the eligible entities are “brewpubs, tasting rooms, taprooms” as well as “snack and nonalcoholic beverage bars”. These entities qualify assuming onsite sales to the public compromise at least 33% of gross receipts.
This program could provide you with significant funding for operating costs. Please let me know if you would like to discuss further or would like assistance in preparing to apply for these funds.
You can find more information at SBA.gov.