Venues nonetheless eligible for billions left in SBA grant cash

NASHVILLE, Tenn. (WTVF) – For fifteen months the tables were empty and the stage at The 5 Spot in East Nashville was mostly quiet.

“It wasn’t just the owners who took a hit, it was a trickle-down effect,” said co-owner and general manager Travis Collinsworth. “All employees were unemployed, [and] the artists who play with us. “That’s one of the reasons why he chose the Small Business Administration Grant for operators of shuttered venues. “We received it about a month ago and are currently using it, yes,” he said.

Congress allocated $ 16 billion to the program. Due to technical issues, the launch in April was bumpy, but to date applicants have requested $ 12 billion of the $ 16 billion – meaning there is still $ 4 billion to be won.

“My actual application with the accompanying documents, you know, is an inch and a half thick. So it took a while to put all this stuff together,” said Collinsworth, holding up a folder of documents. He said that while the process was time consuming, it was clearly to be followed.

Theaters, live music venues, museums, and performing arts organizations are just a few of those that could potentially receive up to $ 10 million in grants. So far, the SBA has decided over 85% of the applications.

“We now have more resources to make sure everyone gets a little bit whole than they would have been,” said Collinsworth.

Venues that have already received cash but suffered a 70% loss in revenue may be able to re-enter the $ 4 billion pot for additional funding.

Collinsworth said it was something he was up to.

Native leisure companies ready for SBA grants

BUFFALO, NY (WKBW) – It has been more than two months since local entertainment establishments like Rec Room Buffalo applied for federal Shuttered Venue Operator’s Grant funds from the United States Small Business Association.

“Getting the money yesterday was still too late,” said Chris Ring, owner of Rec Room. “We really needed this money when the portal opened.”

The application process began in April.

“It’s just not fast enough,” he said. “Not getting the venues that needed the money most. I think you will see how many venues close for not seeing the money in time. “

Ring is also a representative of the National Independent Venue Association, which represents theaters and other entertainment companies waiting for money.

“They put on record that they hope to mark all members by July 4th, but their daily turnaround time doesn’t add up,” he said.

The SVOG program has $ 16 billion available for closed venues. Eligible applications could qualify for grants equal to 45% of their gross receipts as of 2019. The maximum individual grant is $ 10 million.

According to the SBA, 1,445 scholarships have been granted out of 14,000 applications so far.

The North Park Theater in North Buffalo was just approved on Tuesday.

“We asked for $ 200,000 so we hope it’s on that scale,” said program director Ray Barker.

Barker says it is unclear how much North Park will actually receive in grants.

“Delayed discharge means that discharge will be denied,” said US Congressman Brian Higgins. Higgins says he wrote a letter to the SBA administration asking for answers about why these applications are taking so long to process.

“Many of these venues have very tight margins,” he said.

You can still apply for the SVOG program by clicking Here.

SBA grant gives leisure venues a lifeline – Central Florida Information – Intersection

The Reilly Arts Center in Ocala. Photo: Joe Byrnes

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Live entertainment venues, theaters and museums have a financial lifeline with that Shuttered Venue Operators Grant, a US Small Business Administration program.

WMFE’s Joe Byrnes joins overlap to discuss how the program can help keep local venues afloat.

Applications for the program can be submitted on April 8, according to Byrnes. Live organizers, theater producers, operators of live performing arts organizations, museum operators, film theater operators and talent representatives can apply.

Byrnes spoke to Orange County’s arts director for arts and culture Terry Olson, who said the pandemic has been tough on art venues.

“The pandemic has probably hit our cultural institutions as hard as anything in business because theaters were the first to close and some of the last to reopen,” said Olson. “So it was a tough time.”

According to Byrnes, the grant funding can be used for payroll, rents, utilities, mortgage payments, insurance taxes, and other business expenses.

He spoke to Matt Wardell, CEO of the Reilly Arts Center at Ocala and conductor of the Ocala Symphony Orchestra, who said the fact they wouldn’t have to repay the money means the grant will have no impact on future operations.

“It’s an incredible opportunity for us to basically continue to move forward at full throttle,” said Wardell. “Even if we may not be able to be 100% right now, we can now hire people and now continue planning at this 100% level so that we are ready in the fall and winter if we hope to be there 100%. “

Byrnes says the idea is to keep art organizations from going under.

“That’s what they strive for,” he says. “I know for some it comes pretty late – they’ve already been through terrible trouble – but this should give them the fuel they need to get back on their feet.”

Information on the grant can be found at sba.gov/svogrant.


SBA Releases FAQ for Leisure Venue Aid Grants – Enterprise Journal Each day

YOUNGSTOWN, Ohio – The Small Business Administration has has published a new FAQ for companies looking for grants for closed venue operators that explain who is eligible, how much money they can get and how the funds can be used.

Applications for the money from the $ 15 billion grant pool are pending. However, the SBA has announced that it will allocate at least $ 2 billion for venues with up to 50 employees in the first 59 days of the program. Businesses that received Paycheck Protection Program loans after December 27, 2020 are not eligible for closed venue operator grants.

The application deadlines are based on how much revenue a venue lost between April and December. The first 14 days are reserved for those with annual losses of 90% or more, followed by those with losses between 70% and 89% for the second period of two weeks.

After the first and second priority have been assigned, applications are made for companies that have had a loss of 25% or more between comparable quarters.

Funds can be used to pay for business expenses, including ticket refunds, live production expenses, and payments to independent contractors.

The list of eligible venues includes live venue operators or organizers, theater producers, live performing arts groups, museums, cinemas and talent representatives. Some state-owned companies are also eligible, provided they do not operate other types of companies. Companies must be up and running on February 29, 2020 to apply.

Travel venues – companies must have defined performance and audience areas – and drive-in cinemas are not eligible for funding.

Grant applications must be registered on the Federal System for Award Management website. SAM.gov, apply. Applications must use a DUNS identification number. Individual tax or employer identification numbers are not accepted.

The full FAQ can be read HERE.

Pictured: Opening night in December 2019 at the Robins Theater in Warren.

Copyright 2021 The Business Journal, Youngstown, Ohio.