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 SizeHow 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.
Eligible Expenses
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.
Eligibility Requirements
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
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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.
1Our Toast application portal may not support all customers at this time. Visit the Toast Restaurant Revitalization Fund FAQs for information on what Toast’s application portal can support.
2Note that bakeries, brewpubs, tasting rooms, taprooms, breweries, microbreweries, inns, wineries and distilleries must cross a 33% threshold of actual on-site gross receipts directly to consumers (i.e. not wholesale sales), or have a business model that plans for at least 33% of gross receipts to be on-site directly to consumers for businesses that have not yet opened.
3This calculator is for informational and estimation purposes only, based on information provided by the Small Business Administration. See here for details.
Restaurant Revitalization Grants are made by the U.S. Small Business Administration (SBA). Toast has partnered with the SBA to help facilitate your RRF Grant application process, but Toast is not affiliated with the SBA and all eligibility and approval determinations are made by the SBA and not by Toast. Submitting an application does not guarantee approval, and because funds are limited, your application may not be processed before funds run out. The SBA may modify the terms or availability of the RRF Grant program at any time.