Shuttered Venue Operators Grant Program

 

The SVOG Program provided funds to support the ongoing operations of eligible live venue operators or promoters, theatrical producers, live performing arts organization operators, relevant museum operators, motion picture theater operators, and talent representatives who have experienced significant revenue losses due to the effects of the COVID-19 pandemic.

Active 59.075 Small Business Administration C - Direct Payments For Specified Use Fiscal Year 2022 The SBA issued more than 22,820 initial and supplemental grants representing $14.59 billion in aid to over 13,000 grantees. Of these, 9,800 were supplemental awards provided to some of the hardest hit venues who received an initial grant and experienced a sustained 70 percent loss when comparing FY 2021 first-quarter revenues with those in FY 2019. For more information about SBA accomplishments, access the SBA Congressional Budget Justification and Annual Performance Report: https://www.sba.gov/document/report-congressional-budget-justification-annual-performance-report FY2021 Omnibus and COVID Relief and Response Act, Part Division N, Title III, Section 324, Public Law 116-260
American Rescue Plan Act, Part Title V, Section Section 5005, Public Law 117-2 Grantees had to be U.S based entities and cannot: (1) be publicly traded companies, or be majority owned and controlled by publicly traded companies; (2) have received more than 10% of their gross revenue from Federal funding (excluding Stafford Act funding) in 2019; (3) presented live performances of a prurient sexual nature or derive more than de minimis revenue from the sale or presentation of sexually prurient products, services, depictions, or displays; or (4) possessed, or be majority owned and controlled by any entity which possesses, more than 2 of the following characteristics (i) owned or operated venues, theaters, museums, or agencies in more than 1 country; (ii) owning or operating venues, theaters, museums, or agencies in more than 10 States; (iii) employing more than 500 employees. Not applicable. Applicants had to submit a good faith certification that they need an SVOG program grant to support their ongoing operations given the uncertainty of current economic conditions. Preapplication coordination is not applicable. This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Assistance will be provided via electronic payments to eligible applicants on a first-come, first-served basis. Contact the headquarters or regional location, as appropriate for application deadlines From 1 to 15 days. Not applicable. Not applicable. Not applicable. Funding may have been used for payroll costs, rent payments, utility payments, scheduled mortgage payments, scheduled debt payments, worker protection expenditures, payments to independent contractors, and other ordinary and necessary business expenses. Not applicable. A for-profit entity that expends $750,000 or more during the Non Federal entity's fiscal year in Federal awards had to choose between a single or program-specific audit or an audit of the entity's financial statements. Grantees had to maintain documentation demonstrating their compliance with the eligibility and other requirements of the SVOG program. Grantees had to retain employment records for 4 years following their receipt of a grant and retain all other records for 3 years. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Amounts provided may have been used for costs incurred from 3/1/20 to 12/31/21, or until 6/30/22 where an applicant receives a supplemental award. A grantee must have returned any unexpended grant funds to SBA no later than 1 year after its award was disbursed, or no later than 18 months after its Initial Phase award was disbursed if it receives a supplemental award. Method of awarding/releasing assistance: Lump. None/Not specified. SVOG Grants
409 3rd Street, SW, 6th Floor, Office of Disaster Assistance
Washington, DC 20416 USA
SVOGrant@sba.gov
Phone: (202) 205-6734 http://www.sba.gov/coronavirusrelief 73-0700-0-1-376 (Direct Payments for Specified Use) FY 22$4,879,289,769.00; FY 23 est $5,559,373.00; FY 24 est $0.00; FY 21$9,713,356,584.00; FY 20$0.00; - A varying percentage of lost revenues based upon applicant class and funding phase, but in no event more than $10,000,000 per recipient. Not applicable. Fiscal Year 2020 N/A
Fiscal Year 2021 Funding is intended to support the ongoing operations of eligible entities and may be used to for payroll costs, rent payments, utility payments, scheduled mortgage payments, scheduled debt payments, worker protection expenditures, payments to independent contractors, and other ordinary and necessary business expenses.
Fiscal Year 2022 The SVOG program The program delievered over $14 billion in grants to shuttered venues including live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theater operators, and talent representatives. Eligible applicants could qualify for grants equal to 45 percent of their gross earned revenue, with the maximum amount available for a single grant award of $10 million with $2 billion reserved for eligible applications with up to 50 full-time employees.