Shuttered Venue Operators (SVO) Grant Program
As part of the Economic Aid Act, the SBA is offering a special grant program to provide a critical lifeline for the nation’s shuttered venue operators, including live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theater operators, and talent representatives.
New SVOG applications will be accepted until 11:59 p.m. Pacific Time on Friday, August 20, 2021.
Recent updates from the SBA
Later in August, SBA will open the program for supplemental SVOGs for 50% of the original award amount, capped at a total of $10 million (initial and supplemental combined). Details will be announced at a later date. Additionally, to ensure no eligible venue is left behind, the SBA is currently accepting, by invitation, applications for reconsideration of award amounts and appeals. This rare opportunity gives applicants a chance to prove their eligibility and reverse a prior decision. SBA is committed to delivering relief to entertainment venues through these various options. Should the need arise, the SBA may reopen the portal or make other adjustments to its plan to best meet the needs of small businesses.
What is the Shuttered Venue Operators Grant program?
The Shuttered Venue Operators (SVO) Grant program was established by The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to eligible live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theater operators, or talent representatives that have experienced at least a 25% drop in revenue.
Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. Two billion is reserved for eligible applications with up to 50 full-time employees.
Am I eligible?
Verify your eligibility here.
What can the SVOG be used for?
Funds may be used for specific expenses, which include:
- 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 02-15-20)
- Worker protection expenditures
- Payments to independent contractors (not to exceed $100K in annual compensation per contractor)
- Other ordinary and necessary business expenses, including maintenance costs
- Administrative costs (incl. fees and licensing)
- State and local taxes and fees
- Operating leases in effect as of 02-15-20
- 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.)
Entities may not use funds to purchase real estate, pay interest on loans originated after February 15, 2020, to invest or re-lend, political contributions, or other use prohibited by the program administrator.
How do I calculate my grant?
Grant amount will be either:
- 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 revenue for each full month you were in operation during 2019 multiplied by six (6) OR $10 million, whichever is less.
How will applications be prioritized?
- First Priority Grant: In the initial 14 days of the program, grants will be exclusively made to those with 90% or greater revenue loss from: April 2020 through December 2020
- Second Priority Grant: In the second 14 days, grants will be to those with 70% or greater revenue loss from: April 2020 through December 2020
- Third Priority Grant: Entities that suffered a 25% or greater revenue loss between April 2020 through December 2020 (28 days after First & Second Priority Awards are made)
- Unrestricted-Non-Priority Round: Eligible entities of any size that suffered a 25% or greater revenue loss (61 days after initial grant awards)
What can I do to get ready to apply?
Before filling out the SVOG application in the portal, applicants should:
- First, obtain a Data Universal Numbering System (DUNS number) Visit: https://fedgov.dnb.com/.
- Next, register in the System for Award Management (SAM) with the U.S. government. Visit: https://sam.gov/SAM. Note: To register in SAM, you must first obtain a DUNS (Data Universal Number System) number. Additional information and a step-by-step guide for getting a DUNS number and registering in SAM is available by watching a quick SBA-produced informational video, here.
- To meet IRS requirements, a unique SVOG 4506-T is required for the SVOG application. You can find that fillable document at www.sba.gov/svogrant under Supplemental Documents. A video tutorial is also provided to guide you through it.
- Collect the necessary documents on the Application Checklist.
- Read the Notice of Funding Opportunity.
Where do I go to apply?
Register on the application portal in advance. Applicants will need a smartphone and a multi-factor authenticator app to register and apply:
For more information, please watch a recent information webinar on the program by the SBA. You may also visit the SBA’s website, email SBA at SVOGrant@sba.gov or view the SBA’s frequently asked questions.
As always, the Florida SBDC Network is here to help your small business recover. For questions about the program and for application assistance, contact the Florida SBDC Network office nearest you.