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SBA To Begin Accepting Shuttered Venue Operators Grant Applications April 8

Release Date: 
Tuesday, March 23, 2021

WASHINGTON –The Small Business Administration is slated to begin accepting applications for the Shuttered Venue Operators Grant April 8 and has launched a portal, www.svograntportal.sba.gov, for the much-anticipated critical economic relief program.

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. Reserved is $2 billion for eligible applications with up to 50 full-time employees. Eligible entities may be live venues, promoters, theatrical producers, live performing arts organizations, museums, movie theaters, and talent representatives.

Prior to the official SVOG application opening, the SBA will host a webinar to highlight the application process for potential eligible entities from 2:30 to 4 p.m. ET March 30. To register for the webinar, visit www.svogapplicationinfo.eventbrite.com.

“Help is here for venue operators hit hard by the COVID-19 pandemic. The SBA has worked diligently to build the Shuttered Venue Operators Grant program from the ground up to assist and address the diverse eligibility requirements of each type of applicant and we will open for applications on April 8,” SBA Administrator Isabella Casillas Guzman said. “The SBA knows these venues are critical to America's economy and understands how hard they've been impacted, as they were among the first to shutter. This vital economic aid will provide a much-needed lifeline for live venues, museums, movie theatres and many more.”

The SVOG program was established by the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act, which appropriated $15 billion for it. The American Rescue Plan Act, signed into law March 11 appropriated an additional $1.25 billion, bringing the program funding to a total of $16.25 billion, with more than $16 billion allocated for grants.

To ensure eligible venues do not miss a window to receive assistance through the Paycheck Protection Program, the American Rescue Plan Act also amended the SVOG program so entities that have applied for and received a PPP loan after Dec. 27 can also apply for an SVOG.  The eligible entity’s SVOG would be reduced by the total loan amount of any PPP loans (First and/or Second Draw) approved after Dec. 27.  If a SVOG is granted, that entity is no longer eligible to apply for a PPP loan. 

As the SBA builds and prepares to open the program, the dedicated SBA website, www.sba.gov/svogrant, which includes frequently asked questions, video tutorials and other SVOG details, is the best source for information for those looking to apply for a grant. To prepare in advance of the SVOG application portal opening  April 8, potential applicants should get registered in the federal government’s System for Award Management, www.sam.gov, as this is required for an entity to receive an SVOG, and reference the preliminary application checklist and eligibility requirements.