05/05/2021

Those Seeking Shuttered Venue Assistance Could Get it By End of May

In the last week, 10,300 applications have been submitted

Owners of live-music venues, theaters, museums and other businesses covered under the Shuttered Venue Operators Grant (SVOG) can expect to see money by the end of May. This is according to an update from the Small Business Administration (SBA), which has been handling the SVOG program's bumpy rollout.

An SBA spokesperson said in an email that since the portal to apply for these grants opened a week ago, 10,300 applications have been submitted (another 12,000 have been started but not completed). The vast majority of those applications were from "Live venue operators or promoters," followed by performing arts organizations and then movie theaters.

The SBA has been reviewing applications and said in a statement that "applicants will receive notice of awards this month," with disbursement by the end of May if the applicant responds in a "timely manner to the notice of award."

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