This video put out by the Small Business Administration (SBA) gives details for eligibility, requirements and details to apply. The webinar recording is now available on SBA’s YouTube channel at https://youtu.be/PdfQGb6z-gg.
**Newest Update (MARCH 19)**
Today, the Small Business Administration announced that the long-awaited Shuttered Venue Operators Grant (SVOG) PORTAL will officially open on Thursday, April 8, 2021. For those interested, please register immediately for the SBA’s national webinar on SVOG that will take place on Tues., March 30, 2021 @ 2:30 – 4:00pm ET.
Newly confirmed (3/18/21) Biden-appointed SBA Administrator Isabella Guzman stated today, “Help is here for venue operators hit hard by the COVID-19 pandemic…The SBA knows these venues are critical to America’s economy and understands how hard they’ve been impacted, as they were among the first to shutter. This vital economic aid will provide a much-needed lifeline for live venues, museums, movie theatres and many more.”
Americans for the Arts and the Arts Action Fund hosted a two-hour ArtsU webinar yesterday covering major components of the American Rescue Plan Act of 2021, which included significant updates on SVOG, PPP, and more. Resources:
Payroll Protection Program (PPP) Updates & Forms:
SBA has updated all their PPP Loan Forms now to accommodate the Self-employed Schedule C filers as well as updated the certification language regarding SVOG on all PPP loan applications. It will take a few days for lenders to catch up with the update while SBA notifies them and updates their own lender portal over the weekend.
SBA Form 2483-C (3/21) 1st Draw Self-Employed, Schedule C Tax Filer requesting gross income for the loan calculus and includes the updated SVOG certification.
SBA Form 2483 (3/21) 1st Draw for all non-schedule C small businesses requesting W2 employee payroll costs for the loan calculus and includes the updates SVOG certification.
SBA Form 2483-SD-C (3/21) 2nd Draw, Self-Employed, Schedule C Tax Filer requesting gross income for the loan calculus and includes the updated SVOG certification.
SBA Form 2483-SD (3/21) 2nd Draw for all non-schedule C small businesses requesting W2 employee payroll costs for the loan calculus and includes the updated SVOG certification.
Be sure to sign up for the SBA’s new SVOG portal and SVOG webinar. Remember, you can always join me on Fridays at 11:00am ET for my Zoom Office Hours to ask any questions related to federal COVID relief funds.