The Small Business Administration (SBA) released a preliminary application checklist on Friday (March 5) for businesses looking to apply for the Shuttered Venue Operators Grant (SVOG) program. While the application or application date is still pending, the checklist will help independent businesses that plan to apply to prepare the appropriate documents necessary to receive the much-needed funding as soon as possible.
Located on the SBA’s website, the checklist outlines that all applicants will need a written state of need and assurance, corporate documents, government issued photo ID, employee list with job titles and employment states such as full or part time, and a tax-exempt letter if the business is a non-profit.
Financial documents needed for the application will include 2019 and 2020 tax returns and quarterly income statements. The SBA will also require payroll statements covering Feb. 29, 2020, and a copy of the most recent audited financial statements from 2019.