The Shuttered Venue Operators Grant program, or SVOG, is scheduled to begin accepting applications on April 8, 2021. $16 billion in funding is available. Grants can equal 45% of gross earned revenue, up to a maximum of $10 million. I believe the available funding will go quickly, and encourage you to be ready to apply if you are eligible.
The Small Business Administration, or SBA, will administer the program. Recently, SBA released a draft application form, and is developing its SVOG portal.
Briefly, if you believe your organization might be eligible, you can do the following things to prepare to apply:
- If you don’t have a DUNS number, apply immediately.
- Register with the federal System for Award Management (SAM) system. SAM registration can take up to two weeks once submitted.
- Review the draft application form
- Review the preliminary application checklist, and assemble the required documentation. This list is extensive and could take some time to complete.
The SVOG program details are discussed more completely in a recent post, so I won’t repeat them here. It is probably not too late to prepare to apply, but I would not wait much longer. If you need assistance, please either discuss with your CPA or contact me and I’ll be happy to help.