Legal news

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

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

The Rescue Plan Act, signed into law on March 11, 2021 and outlined here, includes a short but important section that may allow the recipients of Paycheck Protection Program (PPP) loans issued after December 27, 2020 to stay eligible for grants under the”Grants for Shuttered Venue Operators” (Grants) application, which the Small Business Administration (SBA) has yet to launch. Cecilia C. Wang, Alexander B. Ginsberg, Jenny Y. Liu give additional insights into”Congress Appropriates New Funds, Extends Qualification for Shuttered Venue Operator Grants.”