The Shuttered Venue Operators Grant (SVOG)
program was established by the Economic Aid
to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act
. The program includes over $16 billion
in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.
Eligible applicants may qualify for grants equal to 45% of their gross earned revenue
, with the maximum amount available for a single grant award of $10 million
is reserved for eligible applications with up to 50 full-time employees.
How do we apply for the grant?
Sources of help:
- You can get information and apply through SBA’s SVOG Portal
- Registration with SAM.gov is required. A helpful video presentation on how to register with the System for Award Management (SAM) can be found at: SAM.gov Entity Registration Training
SBA Shuttered Venue Operators Grant FAQ's
Who can apply?
Eligible entities include:
- Live venue operators or promoters
- Theatrical producers
- Live performing arts organization operators
- Relevant museum operators, zoos and aquariums who meet specific criteria
- Motion picture theater operators
- Talent representatives
- Each business entity owned by an eligible entity that also meets the eligibility requirements
Other requirements of note:
- Must have been in operation as of February 29, 2020
- Venue or promoter who received a PPP loan on or after December 27, 2020, will have the SVOG reduced by the PPP loan amount
What are the general requirements?
- Was fully operational on February 29, 2020
- Had gross earned revenue during any of the first, second, third, or fourth quarter in 2020 that demonstrated not less than a 25 percent reduction from the gross earned revenue of such business during the corresponding quarter in 2019
What are allowable uses of the SVOG funds?
- Payroll costs
- Rent payments
- Utility payments
- Scheduled mortgage payments (not including prepayment of principal)
- Scheduled debt payments (not including prepayment of principal on any indebtedness incurred in the ordinary course of business prior to February 15, 2020)
- Worker protection expenditures
- Payments to independent contractors (not to exceed $100,000 in annual compensation per contractor)
- Other ordinary and necessary business expenses, including maintenance costs
- Administrative costs (including fees and licensing)
- State and local taxes and fees
- Operating leases in effect as of February 15, 2020
- Insurance payments
- Advertising, production transportation, and capital expenditures related to producing a theatrical or live performing arts production. (May not be primary use of funds)
What are prohibited uses of SVOG Funds?
- Buy real estate
- Make payments on loans originated after February 15, 2020
- Make investments or loans
- Make contributions or other payments to, or on behalf of, political parties, political committees, or candidates for election
- Any other use prohibited by the SBA Administrator
How are funding amounts calculated?
- For an eligible entity in operation on January 1, 2019, grants will be for an amount equal to 45% of their 2019 gross earned revenue or $10 million, whichever is less.
- For an eligible entity that began operation after January 1, 2019, grants will be for the average monthly gross earned revenue for each full month you were in operation during 2019 multiplied by six (6) or $10 million, whichever is less.
Are their additional requirements?
There are additional requirements by business type. Additional information on these requirements are found in the online SVOG Portal. Grantees will be required to maintain documentation demonstrating their compliance with the eligibility and other requirements of the SVOG program. They must retain employment records for four years following their receipt of a grant and retain all other records for three years.
How can I prepare to apply for an SVO Grant?
The SBA has prepared a helpful Preliminary Application Checklist that provides an applicant with all the preliminary supporting documentation that will be required. The checklist is found using this link: SVOG Checklist