Shuttered Venue Grants
The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance.
Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
Supplemental documents
o Shuttered Venue Operators Grants Frequently Asked Questions (revised 03-05-21)
o Eligibility requirements (published 03-05-21)
o Preliminary application checklist (published 03-05-21)
o Cross program eligibility on SBA coronavirus relief options
Who can apply
Eligible entities include:
o Live venue operators or promoters
o Theatrical producers
o Live performing arts organization operators
o Relevant museum operators, zoos and aquariums who meet specific criteria
o Motion picture theater operators
o Talent representatives, and
o Each business entity owned by an eligible entity that also meets the eligibility requirements
Other requirements of note:
o Must have been in operation as of February 29, 2020
o Venue or promoter must not have applied for or received a PPP loan on or after December 27, 2020
Amount of SVO grant
Grant amount will be either:
o For an eligible entity in operation on January 1, 2019, grants will be for an amount equal to 45% of their 2019 gross earned revenue OR $10 million, whichever is less.
o For an eligible entity that began operation after January 1, 2019, grants will be for the average monthly gross earned revenue for each full month you were in operation during 2019 multiplied by six (6) OR $10 million, whichever is less.
