The Small Business Administration began accepting applications May 3 for the RRF program that provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. The online application will remain open to any eligible establishment until all funds are exhausted.
The RRF program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Funds must be used for allowable expenses by March 11, 2023.
Questions about the content of this Alert should be directed to LCPA State Government Relations Director Linda Babin.