SBA Shuttered Venue Operators Grant Update
In late December of 2020, the Shuttered Venue Operators Grant (SVOG) was signed into law by The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues. While the Small Business Administration (SBA) has begun accepting applications in January for the Paycheck Protection Program (PPP), no application date has been announced for the Shuttered Venue program. The SBA recently released an SVOG FAQ detailing pertinent information applicants must know in order to participate in the program. One of the most critical points stated in the FAQ is that businesses must register at SAM.gov but using a DUNS number before applying to this grant; applicants can not apply with an ITIN or EIN. The best course of action for organizations to take now is to set up registration as soon as possible to ensure that they will be able to apply to the SBA Shuttered Venue Operators Grant when the application goes live.
For more information regarding the SBA Shuttered Venue Operators Grant, please get in contact with one of our advisors today.
About Peter Ryan
Partner, Co-founder, & CPA
Peter T. Ryan co-founded Ryan & Wetmore in 1988 with business partner Michael J. Wetmore. Peter provides clients with the best strategies for success. His expertise extends across various industries, including government contracting. Peter obtained a Master of Business Administration in Finance from the University of Baltimore and a Bachelor of Arts in Accounting from the Catholic University of America.
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About Zach Ficklin
Senior Finance Consultant
Zach Ficklin holds the position of Senior Finance Consultant at Ryan & Wetmore, P.C. He primarily works with clients on business consulting, finance, budgeting, scenario modeling, optimization, mergers and acquisitions, federal contracting, and various other analytical industry-specific solutions.
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