Applications for the Shuttered Venue Operators Grants program through the US Small Business Administration (SBA) will be accepted beginning April 8. This program is priority-based and first-come-first-serve. There is $16B in funding available for eligible operations.
Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
Funds can be used for:
Scheduled mortgage payments (not including prepayments of principal)
Scheduled debt payments (not including prepayment of principal on any indebtedness incurred in the ordinary course of business prior to February 15, 2020)
Worker protection expenditures
Payments to independent contractors (not to exceed $100,000 in annual compensation per contractor)
Other ordinary and necessary business expenses, including maintenance costs
Administrative costs (including fees and licensing
State and local taxes and fees
Operating leases in effect as of February 15, 2020
Advertising, production transportation, and capital expenditures related to producing a theatrical or live performing arts production. (May not be primary use of funds)