The U.S. Small Business Administration (SBA) to Open the Shuttered Venue Operators Grant (SVOG) Application Portal April 8, 2021. 

• SBA hosted a national informational webinar on March 30. View the recorded webinar here: https://www.youtube.com/watch?v=CNWsgR9ESUs
• The American Rescue Plan Act also amended the SVOG program so entities that apply for a PPP loan after Dec. 27, 2020, can also apply for an SVOG, with the eligible entity’s SVOG to be reduced by the PPP loan amount. The PPP loan applications have been updated to reflect this.  
• Businesses interested in the SVOG can take steps now to prepare for the program. Recommended steps include:
  • Review the  Shuttered Venue Operators Grant Preliminary Application checklist (sba.gov);
  • Prepare 2019 and 2020 financial statements, including a month-by-month breakdown of revenues; 
  • Calculate the average number of employees the business had over the prior year (Mar. 1, 2019 to Feb. 29, 2020) using FAQs as guideline; and
  • Register in SAM.gov - see SBA video tutorial Shuttered Venue Operators Grant (sba.gov)
• Updated FAQs are available on the SBA website: Shuttered Venue Operators Grants - FAQ (sba.gov)

Your SBDC team is gearing up to help shuttered venues with the eligibility and application process. If they are already an SBDC client,  contact Rosmery at 676-2017 to schedule a consultant appointment.  If you are new to the SBDC, first register for services here, http://casbdc.biz/ccsignup, and then you will receive a Calendly link to choose the best day and time for your initial intake appointment and no-cost consultant connection.