Rep. Trone: American Rescue Plan Relief for Restaurants Available Beginning Today
FOR IMMEDIATE RELEASE
Contact: Hannah Muldavin, hannah.muldavin@mail.house.gov
Rep. Trone: American Rescue Plan Relief for Restaurants Available Beginning Today
Trone Encourages Restaurants to Pre-Register through SBA Portal Today HERE
Washington, DC – Today, U.S. Representative David Trone (D-MD-06) announced that restaurants in Maryland’s Sixth District will be able to apply for direct relief through the Restaurant Revitalization Fund beginning Monday, May 3, at 12:00 p.m. ET. Applicants can register on the U.S. Small Business Administration application portal beginning Friday, April 30 at 9:00 a.m. ET.
The $28.6 billion Restaurant Revitalization Fund was created by the American Rescue Plan that Rep. Trone helped pass last month. Earlier this month, Rep. Trone had the opportunity to visit restaurants in Maryland to hear how the American Rescue Plan would directly help them and their businesses. The law incorporated key provisions from the RESTAURANTS Act, of which Rep. Trone was a co-sponsor in the previous Congress.
“On my American Rescue Plan Tour I heard from restaurants across Maryland that they need assistance and they need it now,” said Rep. Trone. “The Restaurant Revitalization Fund created by the American Rescue Plan brings vital resources to businesses that are an integral part of our communities and economy. I encourage everyone who is eligible to sign up and get the funds they need to stay afloat as we begin to see the light at the end of the tunnel of this pandemic.”
The Restaurant Revitalization Fund will provide restaurants and other eligible businesses with funding equal to their pandemic-related revenue loss up to $10 million per business. The relief does not have to be repaid, provided that the funds are put toward eligible uses by March 11, 2023.
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Visit SBA.gov/restaurants for more information.
The Restaurant Revitalization Fund application portal can be accessed at https://restaurants.sba.gov/requests/borrower/login/. Participating POS providers include Square, Toast, Clover, NCR Corporation (Aloha). Entities that work with Square or Toast, you do not need to register beforehand on the portal.
Entities eligible to apply:
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Restaurants
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Food stands, food trucks, food carts
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Caterers
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Bars, saloons, lounges, taverns
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Snack and nonalcoholic beverage bars
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Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
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Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
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Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
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Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
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Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
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Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
Congressman David Trone was elected to the House of Representatives in November 2018 to serve the 6th District of Maryland, which includes all or part of Montgomery, Frederick, Washington, Allegany, and Garrett Counties. Trone serves on the Appropriations, Veterans’ Affairs, and Joint Economic Committees in the 117th Congress and previously served on the Education and Labor and Foreign Affairs Committees. In Congress, Trone is fighting to make progress on issues that matter to Marylanders, including the mental health and addiction crises, criminal justice reform, and funding for medical research.
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