The Small Business Administration’s (SBA) Shuttered Venue Operators Grant (SVOG) online portal has temporarily been shut down due to a series of “technical difficulties” which prevented applications from being processed.
Through the grant scheme, operators of live venues, such as live performing arts organizations, museums and movie theatres, will be able to apply for economic relief after having to shut down following the Covid-19 pandemic.
The SVOG program more than $16.2bn for grants, via the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act and the American Rescue Plan Act , has been made available, with $2bn reserved for eligible applications with up to 50 full-time employees.
In a statement on its website, the SBA said: “The SBA is accepting SVOG applications on a first-in, first-out basis and allocating applicants to respective priority periods as it receives applications.
“The first 14 days of SVOG awards, which are expected to begin in late April, will be dedicated to entities that suffered a 90% or greater revenue loss between April and December 2020 due to the COVID-19 pandemic.”
It added: “The second 14 days (days 15–28) will include entities that suffered a 70% or greater revenue loss between April and December 2020.
“Following those periods, SVOG awards will include entities that suffered a 25% or greater revenue loss between one quarter of 2019 and the corresponding quarter of 2020.”