SBA Launches Portal to Begin Accepting Shuttered Venue Operators Grant Applications on April 8 (March 19, 2021)
Summary
An SBA news release, Release Number 21-22, dated March 19, 2021, announcing a splash page for the Shuttered Venue Operators Grant (SVOG) application portal ahead of applications opening on Thursday, April 8, 2021, with a national informational webinar on Tuesday, March 30, 2021. SBA Administrator Isabella Casillas Guzman calls the grants a lifeline for live venues, museums and movie theatres. The program received $15 billion under the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act and $1.25 billion more under the American Rescue Plan Act, for a total of $16.25 billion, and entities that apply for a PPP loan after Dec. 27, 2020 can also apply for an SVOG reduced by the PPP loan amount.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
NEWS RELEASE
PRESS OFFICE
Release Date: March 19, 2021 Contact: Press_Office@sba.gov
Release Number: 21-22 Follow us on Twitter, Facebook, Blogs & Instagram
SBA Launches Portal to Begin Accepting
Shuttered Venue Operators Grant Applications on April 8
National informational webinar to review application process on March 30
WASHINGTON – The U.S. Small Business Administration is launching a splash page for the Shuttered
Venue Operators Grant (SVOG) application portal today in anticipation of opening applications for the
much-anticipated critical economic relief program on Thursday, April 8, 2021.
“Help is here for venue operators hit hard by the COVID-19 pandemic. The SBA has worked diligently
to build the Shuttered Venue Operators Grant program from the ground up to assist and address the
diverse eligibility requirements of each type of applicant and we will open for applications on April 8,”
SBA Administrator Isabella Casillas Guzman said. “The SBA knows these venues are critical to
America's economy and understands how hard they've been impacted, as they were among the first
to shutter. This vital economic aid will provide a much-needed lifeline for live venues, museums,
movie theatres and many more.”
Prior to the official SVOG application opening, the SBA will host a national informational webinar to
highlight the application process for potential eligible entities from 2:30 to 4 p.m. ET on Tuesday,
March 30, 2021. Those interested in participating can register s.
The SVOG program was established by the Economic Aid to Hard Hit Small Businesses, Nonprofits and
Venues Act, which appropriated $15 billion for it. The American Rescue Plan Act, signed into law by
President Joe Biden on March 11, 2021, appropriated an additional $1.25 billion, bringing the program
funding to a total of $16.25 billion, with more than $16 billion allocated for grants.
To ensure eligible venues do not miss a window to receive assistance through the Paycheck
Protection Program, 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.
As the SBA builds and prepares to open the program, the dedicated SBA website,
www.sba.gov/svogrant, which includes frequently asked questions, video tutorials and other SVOG
details, is the best source for information for those looking to apply for a grant. To prepare in advance
of the SVOG application portal opening on April 8, potential applicants should get registered in the
federal government’s System for Award Management (SAM.gov), as this is required for an entity to
receive an SVOG, and reference the preliminary application checklist and eligibility requirements.
###
1|P a g e
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As
the only go-to resource and voice for small businesses backed by the strength of the federal
government, the SBA empowers entrepreneurs and small business owners with the resources and
support they need to start and grow their businesses. It delivers services to people through an
extensive network of SBA field offices and partnerships with public and private organizations. To learn
more, visit www.sba.gov.
2|P a g e
File and source
- File
- 21-22_SVOG_Application_Portal_Opening_Date_Set.pdf
- Size
- 75,567 bytes
- SHA-256
- 9fcac779c2552fa946f1080c046a436e41c9db82e2fc1f0cd98caa36b8b48d18
- Original
- www.sba.gov