SBA Tweaks Restaurant Fund Paperwork: Comment Now!
Published Date: 3/18/2025
Notice
Summary
The Small Business Administration (SBA) wants your thoughts on updating how they collect info about the Restaurant Revitalization Fund, which helped food and drink businesses during tough times. This update mainly extends how long businesses must keep their records. If you’re involved in these businesses, your input matters! You’ve got until April 17, 2025, to share your comments—no cost changes, just paperwork tweaks.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
RRF recipients must retain records longer
If you received a Restaurant Revitalization Fund (RRF) award, the SBA plans to update its information collection (OMB Control No. 3245-0424) to extend how long you must keep your records. The collection covers RRF post-award reporting (SBA Form 3173) with a total estimated 101,004 annual responses and a total estimated annual hour burden of 24,240. Submit comments on the proposed change by April 17, 2025.
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