SBA Now Accepting Shuttered Venue Operators Grant (SVOG) Applications
The SBA has opened the SVOG application portal
for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives that had to shutter their doors in response to the COVID-19 pandemic. Eligible applicants may qualify for grants equal to 45 percent of their gross earned revenue, up to a maximum amount of $10 million for a single grant.
The SBA is now accepting SVOG applications on a first-in, first-out basis. The first 14 days of SVOG awards are limited to entities that suffered a 90 percent or greater revenue loss between April and December 2020. Read the news release here
, and the updated FAQs here