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.