Shuttered Venue Operators Grant (SVOG)

by SMAC

The U. S. Small Business Administration has launched a web page for the Shuttered Venue Operators Grant (SVOG) https://www.svograntportal.sba.gov/s/, in anticipation of opening applications for the much-anticipated critical economic relief program on Thursday, April 8, 2021.

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 at https://www.eventbrite.com/e/svog-application-informational-webinar-registration-147041437899

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 December 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. Please review the certification on the new applications as the timing of acceptance of funds from the two programs is important.

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.

For Minnesota-specific coronavirus information, check out
A Guide for Minnesota Small Businesses Who Need Help at

https://mn.gov/deed/newscenter/press-releases/?id=425890#/detail/appId/1/id/425890

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