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Restaurant Revitalization Fund Explained

Updated: Aug 27, 2021



The American Rescue Plan Act of 2021, signed into law on March 11, 2021, established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants, bars, and other eligible businesses. The Act appropriated $28.6 billion for the U.S. Small Business Association (“SBA”) to award funds. For more information, please see our RRF fact sheet.


Perceptive Tax Advisory Group can assist you with this program


Are you concerned that the program will run out of funding before your business receives a grant?

The National Restaurant Association estimates there was a $250 Billion loss in revenues among the restaurants, bars, and other food-related establishments due to the restrictions and operation limitations caused by the COVID-19 pandemic. This economic loss is ten times the amount of assistance offered by the RRF. As such, it is highly likely the request for grants will exceed the amount of funding provided. PTAG has decades of experience in securing these types of grants. We are equipped with the latest technology and methods to increase the likelihood of a successful RRF application. May 3, 2021 will commence the 21-day priority period for a small business owned by women, veterans, or socially and economically disadvantaged individuals.


Are you concerned about getting priority status: Are you classified in one of the three priority buckets? Are you considered a small business? Can you document and prove the requisite amount of ownership and control?

The rules associated with these priority categories are complicated. The definition of a small business must take into consideration affiliates. To be included in these categories the applicant will have to document ownership requirements and the requisite amount of control/management for the priority applicant.


Are you concerned about optimizing the RRF with other stimulus programs?

Based on our experience optimizing all the federal stimulus programs can increase your overall assistance by 30% or more. PTAG specializes in ensuring your company is claiming the optimal amount of stimulus benefits.


Are you concerned about defending your RRF grant?

ltiple parts of an organization including but not limited to inco be publicized. There is a possibility your application and/or priority status will be further reviewed/questioned by SBA. In this regard, Ward & Berry’s expertise will be critical in defending your RRF grant. Requesting, securing, and implementing an RRF grant touches multiple parts of an organization including but not limited to income tax, payroll, accounting, operations and legal. Perceptive Tax Advisory Group (“PTAG”) is comprised of former principals and directors of Big 4 accounting firms, industry professionals, CPAs, and lawyers with a breadth of knowledge and expertise in all these areas. Our experience can help your

company navigate its way through securing this valuable opportunity. As part of our process, we will:

  • DETERMINE ELIGIBILITY: determine whether your company is eligible for the RRF including documentation that the economic uncertainty makes this funding request necessary.

  • DETERMINE WHETHER YOU CAN OBTAIN PRIORITY STATUS: Document ownership and control (“management”) requirements, confirm applicant is a small business including examining the affiliation rules.

  • SECURE THE GRANT: Use time tested methods to apply for and secure the grant including assisting with the certification that current economic uncertainty makes this funding request necessary to support your ongoing or anticipated operations.

  • CALCULATE AND TRACK: Calculate and track RRF eligible expenses which includes optimizing the grant program with the Employee Retention Credit and/or the Paycheck Protection Program Loan(s).

  • DEFEND: Assist your business with any inquiries and challenges from the SBA.

For assistance with claiming this valuable cash grant please contact





 
 
 

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