April 7, 2021 | Blog
The application process for the SBA Shuttered Venue Operators Grant (SVOG) will open April 8, 2021, according to the SBA website. But don’t anticipate the application process always being as simple as the PPP loan programs.
One requirement that probably catch a lot of applicants off-guard. The SVOG requires applicant to be registered in the "System for Award Management" to receive the grant.
Operators anticipating making application for a SVOG can sign up to receive email notification when the SVOG application process opens. For now, there is a SVOG checklist that is available again on the SBA SVOG webpage to help applicants be sure they have all the documents necessary to complete the application at hand.
While the SVOG application process is a little complex, the key pieces are a statement of need and the financial data necessary to back up the statement of need.
If you need some assistance in the SVOG process, contact us.
This is a roundup of tax news and opinion. Any opinions expressed or implied are those of the author and not necessarily those of Eide Bailly. Opinions found in linked items are those of the authors of the linked item, not of your bloggers or of Eide Bailly. “$” means link may be behind a paywall. Items here do not constitute tax advice.