Shuttered Venue Operator Grant

 

The Shuttered Venue Operator Grant (SVOG) is being administered by the U.S. Small Business Administration (SBA).  Information on this grant can be found at: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/shuttered-venue-operators-grant.  Also visit the Connecticut Small Business Development Center at: https://ctsbdc.com/shuttered_venues/

SBA's Recommendations

SBA’s important recommendations on how to get ready to apply for the SVOG program before the program opens.

As discussed on page 5 of SBA’s Frequently Asked Questions document, if you are considering applying for SVOG, it would be in your best interest to obtain a Dun and Bradstreet (DUNS) number and then register your entity with the System for Award Management (SAM.gov) as soon as possible. This process can take approximately two weeks and it will not be possible to apply for SVOG until you have completed both steps.

Before the SVOG program opens, you should also gather documents that demonstrate your number of employees and monthly revenues so you can calculate the average number of qualifying employees you had over the prior 12 months. Lastly, determine the extent of gross earned revenue loss you experienced between 2019 and 2020. This and additional information such as floor plans, contract copies, and other evidence will be needed to apply for SVOG. 

The SBA is working expeditiously to open the SVOG program and encourages you to stay up to date by frequently visiting www.sba.gov/coronavirusrelief for information.