Restaurant Revitalization Fund

The Small Business Administration’s (SBA) Iowa District Office will hold two information sessions for a basic overview of the new Restaurant Revitalization Fund. One on Thursday, April 22nd at 3:00 p.m. and one on Friday, April 23rd at 1:00 p.m. 

The program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. The Restaurant Revitalization Fund 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. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

Who can apply? 

• Restaurants
• Food stands, food trucks, food carts
• Caterers
• Bars, saloons, lounges, taverns
• Snack and nonalcoholic beverage bars
• Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
• Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
• Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts) 
• Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
• Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts) 
• Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

Please use the following links to sign up to join the sessions. 

Thursday, April 22nd, 3:00 p.m. - 4:00 p.m.

Friday, April 23rd, 1:00 p.m. - 2:00 p.m.

For more information on the Restaurant Revitalization Fund please go to www.sba.gov/restaurants. If you have any questions call the Iowa Lakes Corridor Development Corporation at 712.264.3474.