Square Announces Participation in the Small Business Administration’s Restaurant Revitalization Fund Distribution Efforts
April 22 2021 - 11:00AM
Business Wire
The fund will provide aid to restaurants who have been
financially affected by COVID-19
Today, Square announced its participation as a technology
partner in the Restaurant Revitalization Fund (RRF), a $28.6
billion grant program administered by the Small Business
Administration (SBA). The RRF will provide free monetary awards to
restaurants and other food and beverage businesses that sustained
financial losses from the COVID-19 pandemic.
Restaurants and other eligible food and beverage sellers can
apply for a RRF award directly from Square’s dashboard if they used
Square to process customer payments in both 2019 and 2020. Square
sellers who processed outside of this timeline are encouraged to
apply through the SBA website using Square account data. To learn
more about eligibility, and how you can apply for an award, visit
Square’s support center here.
“As restaurant sellers prepare for reopening, we’re working with
the SBA to provide them with access to the tools and services they
need to rebuild,” said Bruce Bell, head of Square for
Restaurants. “We’re honored to partner with the SBA in this
important initiative, as we continue to support our sellers on the
challenging road ahead.”
“The SBA is partnering with point of sale providers to leverage
technology to better reach the smallest businesses that need our
help the most. This collaboration is just one example of the many
innovative and creative ways we’re connecting with entrepreneurs in
the hardest-hit and underserved communities,” said SBA
Administrator Isabella Casillas Guzman. “The SBA must be as
entrepreneurial as the entrepreneurs we serve. This partnership
enables us to meet small businesses where they are, instead of
waiting for them to come to us.”
To hear more from Square about additional resources please
reference our COVID-19 resource hub.
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