The latest on the Shuttered Venue Operators Grant progam
Summary: The SVOG program supports eligible venues, performing art spaces, and promoters whose businesses were impacted by the pandemic by providing emergency financial assistance. 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.
The portal is currently scheduled to open for applications on April 8th, 2021.
How to prepare ahead of applications opening
To prepare ahead of April 8th, here are some things you can do now:
- Complete the SBA's preliminary application checklist
- This includes gathering financial information, including 2019 & 2020 tax returns, payroll covering Feb 29th, 2020, quarterly income statements for '19 and '20, and audited financial statements
- Sign up for the SAM tool - watch this webinar for details
- Sign up here on the SBA's site for future updates on SVOG
Further assistance: If you still have questions about the SVOG, please send us an email or schedule an advising Q&A call here. Our advisors are here to help you navigate this and other pandemic relief programs.