The U.S. Small Business Administration (SBA) recently issued a FAQs document that provides guidance for the shuttered venue operators grant (SVOG) program.
The $15 billion SVOG program will provide eligible applicants with grants equal to 45% of their gross earned revenue, up to a maximum of $10 million.
The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, the COVID-19 relief bill that established SVOG, also revived the Paycheck Protection Program (PPP).
Although the SBA started accepting PPP applications on Jan. 11, the agency has not yet announced a start date for the SVOG program. Learn more.