Updates from the SBA Georgia District Office

Georgia District Office - April 2021

u s small business administration

Shuttered Venue Operators Grant Application is Now Open

Shuttered Venue Operators Grant. Accepting applications starting on April 8. sba.gov/svogrant

 

The U.S. Small Business Administration officially opened the Shuttered Venue Operators Grant (SVOG) application portal today at 12 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first that had to shutter their doors a year ago in response to the COVID-19 pandemic.

The SBA is accepting SVOG applications on a first-in, first-out basis and allocating applicants to respective priority periods as it receives applications. The first 14 days of SVOG awards, which are expected to begin in late April, will be dedicated to entities that suffered a 90% or greater revenue loss between April and December 2020 due to the COVID-19 pandemic. The second 14 days (days 15-28) will include entities that suffered a 70% or greater revenue loss between April and December 2020. Following those periods, SVOG awards will include entities that suffered a 25% or greater revenue loss between one quarter of 2019 and the corresponding quarter of 2020.

Apply Today!


Paycheck Protection Program Application Deadline Extended

paycheck protection program, ppp

 

In case you missed it! On March 30, President Joe Biden signed the PPP Extension Act of 2021 into law, extending the Paycheck Protection Program an additional two months to May 31, 2021, and then providing an additional 30-day period for the SBA to process applications that are still pending.

Find a Lender and Apply Today! 


COVID-19 Economic Injury Disaster Loans Lending Limits Increased

EIDL

The U.S. Small Business Administration has increased the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Effective April 6, 2021, the SBA raised the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000.

Questions about SBA COVID-19 EIDL and disaster loan payments can be emailed to DisasterCustomerService@sba.gov or directed to SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing).

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SBA Partners Can Provide You Counseling and Technical Assistance

Connect with an SBA Resource Partner

 

The SBA Resource Partner Network provides advising and counseling services to help small businesses prepare for funding opportunities like the SVOG, PPP, EIDL and other business recovery needs. They can also help you figure out which SBA loan program you should apply for to raise capital.

Find assistance near you