Hey, Kane Entertainment Venue And Restaurant Owners! 2 Bigtime Pandemic-Relief Grants Are Available Now

Hey, Kane Entertainment Venue And Restaurant Owners! 2 Bigtime Pandemic-Relief Grants Are Available Now

Kane County entertainment venues and restaurant owners should be aware of two federal programs that can provide grants for businesses negatively impacted by the pandemic

The federal government recently reopened the Shuttered Venue Operators Grant and will soon open the Restaurant Revitalization Fund on May 3, 2021. Please find information regarding the programs below.

Shuttered Venue Operators Grant

SVOG is a program to provide emergency grant assistance to eligible venues who were negatively impacted by the pandemic.

Eligibility: Business was in operation as of Feb. 29, 2020, and meets one of the following.

  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Relevant museum operators, zoos and aquariums who meet specific criteria
  • Motion picture theater operators
  • Talent representatives

To apply, click HERE.

Reminders

Review the Supplemental Documents on the SBA’s website, click HERE.

Register for FREE at SAM.gov which is required in order to receive SVOG.

For more information, click HERE.

Restaurant Revitalization Fund

RRF is a program to provide emergency grant assistance to eligible restaurant and other qualifying businesses who were negatively impacted by the pandemic. This program will open on May 3, 2021.

Eligibility:

  • Restaurants
  • Food stands, food trucks, food carts
  • Caterers
  • Bars, saloons, lounges, taverns
  • Snack and nonalcoholic beverage bars
  • Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
  • Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
  • Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
  • Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
  • Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
  • Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

 Steps You Can Do Now to Prepare:

  • Review the Restaurant Revitalization Fund program guide
  • Review the sample application: Restaurant Revitalization Fund sample application (SBA Form 3172)
  • Prepare and have on hand your gross receipts documentation ready such as any of the following:
  • Business tax returns (IRS Form 1120 or IRS 1120-S)
  • RS Forms 1040 Schedule C; IRS Forms 1040 Schedule F
  • For a partnership: partnership’s IRS Form 1065 (including K-1s)
  • Bank statements
  • Externally or internally prepared financial statements such as Income Statements or Profit and Loss Statements
  • Point of sale report(s), including IRS Form 1099-K
If you are a brewpub, tasting room, taproom, brewery, winery, distillery, bakery, or inns, you will need to show evidence of onsite sales being at least 33.00% of gross receipts.

NOTE: When the program opens on Monday, May, the first 21 days the following will have priority to apply:

  • Women,
  • Veterans, and,
  • Socially and economically disadvantaged individuals (e.g., Black Americans; Hispanic Americans; Native Americans (including Alaska Natives and Native Hawaiians); Asian Pacific Americans; or Subcontinent Asian Americans)

For more information, click HERE.

SOURCE: Small Business Administration news release