The Small Enterprise Administration (SBA) says awards for supplemental funds for Shuttered Venue Operators Grant (SVOG) recipients will start going out inside two weeks. As an awardee of the SVOG, now you can apply for supplemental SVOG funds to alleviate any extra monetary hardships introduced on by the pandemic.
Supplemental Grants for SVOG Recipients
The SVOG supplemental awards are for companies that acquired the grant after the regulation handed on December 27, 2020. Since that point, the SBA says greater than 11,500 venues have acquired round $9 billion in grants. This supplemental grant goes to be accessible to you for those who can present a 70% loss when evaluating 2021’s first-quarter revenues to the identical in 2019.
You may apply for any quantity as much as 50% of the unique SVOG quantity. Nonetheless, it does have a $10 million cap of the preliminary and supplemental awards mixed. Moreover, you should