Program Questions
FAQ regarding program specifics
- Funds Returned to SBA
- Eligible Use of Funds
- Utility Payments
- Payroll Costs
- Covered Supplier Costs
- Past Due Expenses
- Business Operating Expense
- Restaurant Revitalization Fund Closure and FAQs
- RRF Program Closure and Funds Exhaustion
- I was not approved due to an eligible business, what does this mean ?
- Can I modify my RRF award amount or do a second application for an increase?
- The award deposited in my account is less than my approved amount?
- I returned some of my PPP loan. Do I enter the original amount or net amount after return?
- If the Applicant is owned by a cooperative, who is listed as the owner?
- Should employee retention credits be included in gross receipts?
- Can an irrevocable trust be an owner of an eligible Applicant business?
- Can I use RRF funds to pay balloon payments due?
- Do I have to spend all my PPP funds before I can apply for or receive RRF funds?
- If our PPP loans exceed the difference between gross receipts in 2019 versus 2020 do we still qualify for any funds?
- I operate multiple restaurants under one tax identification number. One location is now permanently closed. How do I apply?
- Does the exclusion of publicly traded companies apply to franchises that are publicly traded but listed on the SBA Franchise Directory?
- I operate more than one eligible business out of one location under one tax identification number. One of my businesses opened in 2015 and one opened in 2020. How do I apply?
- How exact do we need to be for the question on what date you begin making sales? We have a few restaurants, but we can't remember this date for 1 of them.
- Do individual food trucks count as a location for the purposes of the 20-location maximum?
- Is the 33% calculated pre-Covid or 2020?
- Do tips count as gross receipts?
- I have multiple locations that each have their own tax identification number but taxes are filed under the parent company tax identification number. Can I exclude certain locations?
- I sold my business last month, but it incurred loss in revenue for 2020. Am I eligible to apply?
- Can I buy a new food truck with RRF funds?
- Are golf clubs or golf courses eligible for RRF funds?