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Shuttered Venue Operators Grants

Overview

This is a new 2021 Small Business Administration grant program for live venue businesses who were shuttered during Covid-19 pandemic.

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
  • Must not receive a PPP Loan in 2021 (May have received a PPP Loan in 2020)

Grant Amount

  • 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.

Allowable Uses of Grant Funds

  • Payroll,
  • Occupancy (Rent, utilities, mortgage) -Leases in effect as of 2-15-20,
  • Insurance
  • Advertising
  • Expenses related to production
  • 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:

  • Administered by the SBA Office of Disaster Assistance (ODA)
  • Likely online application
  • Not posted yet (as of Feb. 6, 2021), but soon.

Resources: