SBA Has Approved 43% of Shuttered Venue Grant Applications

The marquee is seen at the Bill Graham Civic Auditorium music venue, which is temporarily closed due to the coronavirus pandemic, on April 10, 2020 in San Francisco, Calif.

The Small Business Association has notified 6,610 out of 15,026 applicants their grants are approved, with another 440 declined. The Small Business Administration has so far notified nearly half of the 15,026 independent venue owners, promoters, movie theaters and other live entertainment businesses who have applied for prolonged rollouthose SBA numbers show 6,610 applicants have been notified of their successful grant and the amount of money they will receive from the more than $16 billon program.

In addition, the SBA has"come to a decision on eligibility” for another 5,902 applicants, which means they will soon be notified of their applications success, failure or need for revision. Monday's numbers show the SBA has “decisioned” 86% of the total 15,026 applications submitted. The administration has another 11% of applications in review and 3% waiting to be reviewed. As of midday Monday, the SBA has disbursed $3.

Southern California festival Beachlife was awarded $2.3 million, while Noise Pop received just over $1 million and Telluride Bluegrass Festival in Colorado received more than $2.8 million. FELD Entertainment, which formerly put on the Ringling Bros. and Barnum & Bailey Circus, was awarded $10 million. The Grammy Museum in Los Angeles also received an award notice of just above $1.5 million.

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