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SBA Launches Portal for Shuttered Venue Operators Grant

The U.S. Small Business Administration has launched a splash page for the Shuttered Venue Operators Grant application portal.

SBA Launches Portal for Shuttered Venue Operators Grant

The U.S. Small Business Administration has launched a splash page for the Shuttered Venue Operators Grant application portal in anticipation of opening applications for the much-anticipated critical economic relief program on Thursday, April 8.

Prior to the official grant application opening, the SBA will host a national informational webinar to highlight the application process for potential eligible entities from 2:30 to 4 PM. Tuesday, March 30. Those interested in participating can register online.

The Shuttered Venue Operators Grant program was established by the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act, which appropriated $15 billion for it. The American Rescue Plan Act appropriated an additional $1.25 billion, bringing the program funding to a total of $16.25 billion, with more than $16 billion allocated for grants.

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 Shuttered Venue program so entities that apply for a PPP loan after Dec. 27, 2020, can also apply for a Shuttered Venue grant, with the eligible entity's grant to be reduced by the PPP loan amount. The PPP loan applications have been updated to reflect this.

As the SBA builds and prepares to open the program, the dedicated SBA website, www.sba.gov/svogrant is the best source for information for those looking to apply for a grant. The website includes frequently asked questions, video tutorials and other details.

To prepare in advance of the 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 a grant.