NMRA wants New Mexico restaurants to be first in line for both registration and the application process for the Restaurant Revitalization Fund. To assist we have outlined the next couple of working days with what you need to do (and when) to make sure you get the funding your restaurant needs and deserves.
Friday, April 30
The Restaurant Revitalization Fund will start accepting registrations on Friday, April 30. Make sure your restaurant is at the front of the line when applications open by registering here.
Monday, May 3
The Restaurant Revitalization Fund will start accepting applications on Monday, May 3 at 10 a.m. Make sure your restaurant is ready for the process by reviewing the official guidance, including program guide, frequently asked questions, application sample and preparing all of your necessary documentation. Apply Here.
For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. Even if you do not fit in one of these groups, you need to submit your applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.
In case you missed it, here is a recording of the joint RRF webinar with NMRA, SBA & other state associations.
During this webinar, listen to our conversation with the Small Business Administration (SBA) to learn about the application process and what operators should do to prepare prior to the fund opening.