• Last week the SBA clarified on its website that the third priority period is for "Entities that suffered a 25% or greater earned revenue loss between one quarter of 2019 and the corresponding quarter of 2020."

• For the first and second priority periods, the SBA has confirmed that the 90% or greater revenue loss and the 70% or greater revenue loss between April 2020 through December 2020 due to the COVID-19 pandemic applies to gross revenue, although we are still looking for clarification as to whether the gross revenue definition includes contributed capital funds, restricted grants, or unrealized gains.

• The latest FAQs address eligibility questions around entities that provide stages, lighting, sound, casts, and other support for live performing arts events, as well as entities who host concerts but whose principal business activity is outside of the defined target of SVOG, affirming that "only entities whose principal business activity is being a live venue operator, promoter, theatrical producer, live performing arts organization operator, museum operator, motion picture theatre, operator, or talent representative are eligible for SVOGs under the Economic Aid Act."

• The latest FAQs also provide an opening for organizations currently in bankruptcy, stating that "Eligible entities undergoing a reorganization form of bankruptcy (such as Chapter 11 or Chapter 13) may apply for an SVOG. However, entities undergoing a liquidation form of bankruptcy (such as Chapter 7) are not eligible." The SBA does note that such entities could "be subject to special restrictions or requirements."

• Agents and Artist Managers: You may find this SBA video on Eligibility for Talent Representatives helpful, as well as this information-filled slide deck, courtesy of Nina Ozlu Tunceli, Executive Director of the Americans for the Arts Action Fund, from her recent presentation to NAPAMA (North American Performing Arts Managers and Agents).

• Live Venue Operators and Promoters: This may also include presenters that don't own a venue, but operate in a venue with distinct performance and audience space. You may find this SBA video on Eligibility for Live Venue Operators or Promoters helpful.

• In case you missed it, the SBA has made available this video on How to Register for DUNS and SAM. Have you registered for SAM (the System for Award Management) yet? Do you have a DUNS (Data Universal Numbering System) number? These are required items to apply for SVOG.

• The latest FAQs include answers to two key questions about the application process, "Would an individual or business face any penalties for applying for an SVOG if it is later deemed to be ineligible for the program?" and "What are the reasons for which an entity’s SVOG application might be denied?"

• Save the date for March 18! APAP is planning a webinar to help support our members who represent smaller businesses and organizations (such as agents, managers, small and mid-sized presenters and others) and who may be less familiar with accessing funding from the federal government. Time and details to be announced soon.