The $28.6B Restaurant Revitalization Fund (RRF) does more to support restaurants than any other deal before it. We are excited to announce that Toast has partnered with the Small Business Administration (SBA) to help our customers get access to the funds. As a Toast customer, take advantage of our simplified grant application experience.1
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The Restaurant Revitalization Fund is designed to support the recovery of small and medium-sized food and beverage businesses. Funding takes the form of grants that will be awarded by the Small Business Administration (SBA). Eligible individual businesses can receive up to $5 million, while groups with multiple locations (across all affiliates) can receive up to $10 million. The first 21 days of funds will prioritize businesses that are at least 51% owned and controlled by individuals who are women, veterans, and/or socially and economically disadvantaged individuals (see the SBA program guide for the definitions of these groups).Calculate Estimated Grant Size
How is a grant different from a loan?
Generally, a grant from the government is free money that is intended for a specific purpose; unlike a loan, the grant amount does not need to be repaid. Restaurant Revitalization Fund grants are not treated as taxable gross income by the IRS.
RRF grants can be used for a variety of eligible expenses during the covered period from Feb 15, 2020 to March 11, 2023. Some examples include eligible payroll costs, rent/mortgage, certain debt, utilities, maintenance, construction of outdoor seating, covered supplies, food and beverage expenses, and other eligible operating expenses. See the SBA program guide for details on eligible expenses.
Any restaurant is eligible if you’ve experienced a pandemic-related revenue loss and considered a place where the public or patrons can gather for the primary purpose of being served food or drink2. For example, restaurants, bars, and even food stands, food trucks, tasting rooms and caterers. Businesses are ineligible if they are publicly-traded, government-operated, or have applied for or received a Shuttered Venue Operations Grant. Businesses are also ineligible if they own/operate (together with any affiliates) more than 20 locations, whether under the same name or not.
Preparing for the Application Process
For those entities who began operations partially through 2019, you may elect (at your own discretion) to use either calculation 2 or calculation 3.
Input your information to calculate your estimated grant amount
Estimated Grant Amount
Individual businesses can only receive up to $5 million, while groups with multiple locations (across all affiliates) can receive up to $10 million. The minimum grant will be $1,000.
How does this differ from the Paycheck Protection Program?
Learn the difference and more with our guide to Restaurant Revitalization Fund.
Learn more from the Independent Restaurant Coalition
The Independent Restaurant Coalition has pulled together FAQs and guides.
Eligible Toast customers can access additional funding of up to $100K that can be used for any restaurant need.