The Economic Aid Act that was passed in December of 2020 included a number of financial relief programs to support small businesses impacted by COVID-19, including the Shuttered Venue Operators Grant Program (SVOG).
This grant program is NOT administered by Pursuit, but we are providing our community with information on this important program. To access the program, please apply for SVOG directly with SBA.
What is the Shuttered Venue Operators Grant program?
SVOG is providing up to $16 billion in economic relief to a sector that has been hard hit by more than a year of COVID-19 restrictions on their ability to operate. Live venue operators, promoters, theatrical producers, live performing arts organizations, museum operators, movie theater operators, and talent representatives qualify for the program.
How much financial assistance can I receive with SVOG?
If your business falls into the industry categories above, you could qualify for a grant award of up to $10 million. $2 billion in grants has been set aside for smaller businesses with fewer than 50 employees. Your maximum grant amount depends on when your business was established:
- If you were operating on January 1, 2019, you can receive up to 45% of your 2019 gross earned revenue with a maximum of $10 million.
- If you began operating after January 1, 2019, you can apply for your average monthly gross earned revenue for each full month you were in operation during 2019 multiplied by six (6), up to $10 million.
It’s important to note that if you receive aid through SVOG, you are no longer eligible to receive a Paycheck Protection Program (PPP) loan. If you already applied for and received a PPP loan (or loans), you are eligible for SVOG and your PPP loans are not impacted. You can learn more about this rule on SBA’s webpage for cross-program eligibility.
How do I apply for SVOG?
The application is now open for SVOG. Please note that you must apply for SVOG directly with SBA and not Pursuit. Please direct all questions regarding the program to SBA.
Before starting your application, you can review the available information about the SVOG program. You’ll also need a DUNS number to apply. If you don’t have one, you can register for a DUNS number here. You can get a head start on the application by gathering documents that demonstrate the number of employees you have, your monthly revenues, and your gross revenue loss between 2019 and 2020.