Agency of Commerce & Community Development The Small Business Administration (SBA) has released more information about the Shuttered Venue Operators Grant (SVOG) Program. The program includes $15 billion in grants to shuttered venues, including live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theater operators, and talent representatives.
Although the SVOG is not active yet, organizations can prepare in the meantime. The SBA recently released an FAQ guidance document to help answer questions.
Targeted EIDL Advance Update
The Small Business Administration has begun rolling out the Targeted Economic Injury Disaster Loan Advance, which provides businesses located in low-income communities with additional funds. Applicants do not need to take any action at this time. The SBA will reach out to those who qualify. An FAQ document has been posted with additional information.
COVID-19 Stimulus Equity Fund
The Stimulus Equity Fund is Vermont's COVID-19 relief fund for those who were excluded from the federal stimulus due to their immigration status. Applications are now being accepted through March 1st. If you were ineligible to receive a 2020 federal coronavirus stimulus payment due to your immigration status, you may be eligible for relief from this program.
PPP Webinars Continue
The Vermont District Office of the Small Business Administration now has two Paycheck Protection Program weekly webinars. The PPP First and Second Draw webinar is held on Wednesdays at 9:00am and covers options, terms, eligibility, and the application process. The weekly PPP Forgiveness webinar is on Tuesdays at 11:30am and offers an in depth look at the forgiveness process.