1. The SBA will begin accepting applications April 8.
Today the SBA announced the launch of a splash page for the Shuttered Venue Operators Grant (SVOG) application portal in anticipation of opening applications for the much-anticipated critical economic relief program Thursday, April 8.
2. There will be a national information session March 30.
Prior to the official SVOG application opening, the SBA will host a national informational webinar to highlight the application process for potential eligible entities from 11:30 a.m. to 1 p.m. PT Tuesday, March 30.
3. You can now receive both a PPP and SVOG.
To ensure eligible venues do not miss a window to receive assistance through the Paycheck Protection Program (PPP), the American Rescue Plan Act also amended the SVOG program so entities that apply for a PPP loan after Dec. 27, 2020 can also apply for an SVOG, with the eligible entity’s SVOG to be reduced by the PPP loan amount. The PPP loan applications have been updated to reflect this change.
4. There are several tools available to help you prepare.
The SBA has created several tools and resources to help potential SVOG applicants prepare. These include the following:
5. Local partners can provide technical assistance.
The SBA Resource Partner Network provides advising and counseling services to help organizations prepare for funding opportunities like the SVOG, PPP and other business recovery needs.
Article Source: https://content.govdelivery.com/accounts/USSBA/bulletins/2c817e3