Small Business Administration Begins Sending Notices of Approved Relief Funds For Shuttered Venue Operators Grant

The Small Business Administration has stated that notices of approved relief money from the $16 billion Save Our Stages act have began to be sent to independent venues on Wednesday morning, Variety reports. However, no money has been distributed yet.

The venues must now confirm the information in the notice before relief money can be sent. Venues may then receive their funds in as little as two business days.

"As of today, the SBA has begun sending notices of awards to approved applicants of the Shuttered Venues Operators Grant program," an SBA statement reads. "We have hundreds of SBA staff working around the clock to continue processing, approving, and disbursing funds as quickly as possible to get our live entertainment venues back on track."

Read more on Variety.

The Shuttered Venue Operators Grant (SVOG) program is Section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) signed into law on Dec. 27, 2020, and was part of H.R. 133 Consolidated Appropriations Act, 2021.

Venues can apply for aid at https://www.sba.gov/funding-programs/loans/covid-19-relief-options/shuttered-venue-operators-grant

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