Updated Covid-19 Relief and Recovery Funding Options Guidance

Tennessee District Office 

u s small business administration

SBA Coronavirus Funding Options


RRF Tile

New: The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program 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.

Guidance: Restaurant Revitalization Fund (sba.gov)


Paycheck protection program, PPP

PPP

Guidance & Forms: Paycheck Protection Program (sba.gov)

 

PPP Forgiveness Update 

Guidance & FormsPPP Loan Forgiveness (sba.gov)

 


EIDL

Economic Injury Disaster Loan (EIDL)

Guidance & Information 

New: Increases in Loan Amounts

  • Some loans approved prior to the week of April 6, 2021 will be eligible for an increase based on new loan maximum amounts announced March 24, 2021. 
  • To request an increase, email CovidEIDLIncreaseRequests@sba.gov with SUBJECT: EIDL Increase (insert 10-digit EIDL application # here).

Targeted EIDL Advance

Guidance & Information

New: Effective immediately, applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov.

Applicants should follow these instructions when requesting a reevaluation:

  • Send an email to TargetedAdvanceReevaluation@sba.gov
  • Use the subject line “Reevaluation Request for [insert your 10-digit application number]
  • In the body of the email, include identifying information for the application such as application number, business name, business address, business owner name(s) and phone number

Important: Include an explanation and any documentation that addresses the reason for the decline, if available. SBA will contact applicants if additional documentation is required to complete the review.


SBA Debt Relief

SBA Debt Relief

Guidance and Information


 

Shuttered Venue Operators Grant (SVOG)

Shuttered Venue Operators Grant Program

Shuttered Venue Operators Grant (sba.gov)

SVOG Application Portal Reopening Soon


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Report ID Theft and Fraud

Instructions for businesses on how to report ID theft and fraud to SBA.

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