Revised May 3, 2021
This is a new 2021 Small Business Administration grant program for live venue businesses who were shuttered during Covid-19 pandemic. The application portal is currently open and receiving applications.
Who is eligible?
- Live venue operators (fixed seats, ticket sales, public promotion), promoters, theatrical producers, live performing arts operators, museum operators, motion picture operators, and talent reps.
- Must be in operation on Feb 29, 2020.
- SBA is answering eligibility questions by email to SVOGrant@sba.gov.
- Note that SVOG applicants may also receive PPP Loan in 2021. Previously this was not allowed, but this rule has been changed in the new American Rescue Plan Act.
- SVOG applicants may also receive the EIDL loan but the proceeds must not be used for the same purposes as the EIDL loan.
- SVOG applicants may also receive PPP loans/grants.
- 45% of gross earned revenue if in operation on January 1, 2019
- If venue in operation after Jan 1, 2019, calculate average monthly gross revenue for full months during 2019 and multiply by six.
- Grant amount may be reduced by your 2021 PPP loan amount.
Allowable Uses of Grant Funds
- Occupancy (Rent, utilities, mortgage) -Leases in effect as of 2-15-20,
- Expenses related to production
- Administrative costs (including fees and licensing)
- Debt payments incurred in ordinary course of business prior to 2.15.20
- Worker protection costs
- Indep. Contractors (not to exceed $100K)
- Ordinary and necessary business expenses, including state and local taxes
How to Apply for Grant:
- Entities that suffered a 90% or greater gross revenue loss between April 2020 through December 2020 due to the COVID-19 pandemic will be given priority within the first 14 days of grant awards.
- Entities that suffered a 70% or greater gross revenue loss between April 2020 through December 2020 due to the COVID-19 pandemic will be given priority during the next 14 days of grant awards.
- Beginning 28 days after first and second priority awards are made, entities that suffered a 25% or greater earned revenue loss between one quarter of 2019 and the corresponding quarter of 2020 may apply.
- After all priority periods have passed, recipients of the first, second, and third priority round awards who have suffered a 70% or greater revenue loss for the most recent calendar quarter (as of April 1, 2021, or later) may apply for for supplemental funding.
- SVOG is administered by the SBA Office of Disaster Assistance (ODA)
- Grantees will be required to maintain documentation demonstrating their compliance with the eligibility and other requirements of the SVOG program.