How SVOG Funds May Be Used

SVOG funds may only be used for the specific purposes listed below. Grantees are required to maintain documentation demonstrating that they have complied with these uses. Further, as a grantee, you must retain employment records for four years following receipt of funds and you must retain all other records for three years.

• Payroll
• Rent
• Utilities
• Mortgage payments (not including prepayment of principal)
• Debt payments (not including prepayment of principal on any indebtedness incurred in the ordinary course of business prior to February 15, 2020)
• Worker protection expenses
• Payments to independent contractors ($100,000 or less per contractor per year)
• Other ordinary and necessary business expenses, including maintenance
• Administrative costs (including fees and licensing)
• State and local taxes and fees
• Operating leases in effect as of February 15, 2020
• Insurance payments
• Advertising, production transportation, and capital expenditures related to producing a theatrical or live performing arts production. (This may not be the primary use of funds.)

How SVOG Funds May Not Be Used

If you are a grantee, you may not use SVOG funds for any of the following, including any other use prohibited by the SBA.

• Purchase of real estate
• Payments on loans originated after February 15, 2020
• Investments or loans
• Contributions or other payments to—or on behalf of—political parties, political committees, or candidates for election
• Any other use prohibited by the Administrator

Source: Investopedia