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SBA Expects ‘Save Our Stages’ Money to Finally Reach Indie Venues Next Week
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variety.comJem Aswad Senior Music EditorThe Small Business Administration says it submitted 11,500 applications for federal aid from independent venues and theaters last week, and expects to begin sending out payments next week, according to a statement from an SBA rep.
The total is up approximately 1,200 from last week.Indie venues have been struggling to keep afloat since the pandemic began more than 14 months ago, and although the $16 billion Save Our Stages act was passed into law on Dec.
27, they have received no aid thus far, due to problems with the SBA website and other complications.“It is expected SVOG Priority 1 (90% revenue loss) awards will begin next week and, per the statute, continue for 14 days,” the rep says. “Following them, the.
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