Jem Aswad-Senior stage reports Music Jem Aswad-Senior

Indie Venues Send Distress Signal to Congress as $16 Billion in ‘Save Our Stages’ Relief Money Remains Tied up by SBA

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variety.com

Jem Aswad Senior Music EditorNearly six months after Congress passed the $16 billion Save Our Stages act into law, less than 100 of the nearly 5,000 struggling independent venues have been approved for relief money, according to a report released Wednesday (June 9) by the Small Business Administration, which distributes the loans — and just “a few” have actually received any funds.This stunning state of affairs stands in bold contrast to the initial PPP and the more recent restaurant relief funds, which were on their way to businesses within days.The SBA announced late last month with fanfare that it had “[begun] reviewing the [Small Venue Operators Grant] applications upon receipt and it is expected SVOG Priority 1 (90% revenue loss).

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