Legal news

Eligibility for Shuttered Venue Operator Grants Extended, Congress Appropriates New Funds

The Rescue Plan Act of 2021 Allows Shuttered Venue Operators to Use for the Two Paycheck Protection Program loans along with Shuttered Venue Operator Grants.

The American Rescue Plan Act, signed into law on March 11, 2021 and outlined here, carries a short but important section that will permit the receivers of Paycheck Protection Program (PPP) loans issued after December 27, 2020 to stay qualified for grants under the”Grants for Shuttered Venue Operators” (Grants) system, that the Small Business Administration (SBA) has yet to establish. Cecilia C. Wang, Alexander B. Ginsberg, Jenny Y. Liu provide additional insights into”Congress Appropriates New Funds, Extends Qualification for Shuttered Venue Operator Grants.”