Both of these grants are administered through the U.S. Small Business Administration (SBA).
Links for the Paycheck Protection Program:
- Frequently Asked Questions: PPP-FAQs-3.12.21.pdf (sba.gov)
- How to Calculate First Draw Loans: How to Calculate First Draw PPP Loan Amounts (sba.gov)
- How to Calculate Second Draw Loans: HowtoCalculateSecondDrawFAQs-3.12.21.pdf (sba.gov)
Information for the Shuttered Venue Operators Grant:
- Applications are slated to open in early April, with no exact date available as of yet.
- The preliminary application checklist was updated March 11th and FAQs were updated March 12th.
- NOTE: the American Rescue Plan Act amended the Economic Aid Act to allow those who applied for and received a PPP loan after Dec. 27, 2020, to also apply for a SVOG (FAQs have already been updated; others will reflect this ASAP).