SBA Issues Latest Update on RRF

The Restaurant Revitalization Fund (RRF) has received more than 147,000 applications from women, veterans, and socially and economically disadvantaged business owners, requesting a total of $29 billion in relief funds, according to the latest application data results from the U.S. Small Business Administration (SBA).  Overall, the RRF program has received more than 266,000 applications representing over $65 billion in requested funds.

This announcement builds on an earlier announcement of the rapid deployment of RRF funding as the SBA continues to quickly distribute relief to approved applicants on a rolling basis. To date, a total of $2.7 billion of relief funds have been distributed to 21,000 restaurants since the Restaurant Revitalization Fund opened on May 3, 2021.  

Overall, the RRF program has received more than 266,000 applications representing over $65 billion in requested funds.

In addition to a $5 billion set-aside established by Congress for applicants with gross…