Shuttered Venue Operators Grant: Applications Open April 8
The Shuttered Venue Operators Grant (SVOG) program was established by The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the Small Business Administration’s Office of Disaster Assistance.
The American Rescue Plan Act amended the program to allow eligible businesses to apply for both a PPP loan and the SVOG program.
A national information session takes place on March 30 from 11:30a-1:00p PST. REGISTER HERE.
Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees. Click here to find out who can apply, prioritization of funding, application and guidelines.
Application portal opens on April 8, 2021: CLICK HERE
- Read the latest SBA eligibility guidance.
- Register for a DUNS Number.
- Register in the federal government’s SAM.
- Preliminary Application Checklist – including financial information showing 2019 vs 2020 revenue.
SBA offered its first webinar about the grant program on January 14. You can watch the recording on YouTube:
For more information, visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/shuttered-venue-operators-grant or email svogrant@sba.gov.