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

Sign Up for the Revenued Business Card Today

For complete details or to sign up, call +1 (877) 662-3489, or complete our online form, and a friendly financial expert will get back to you.

We're working on some pretty cool new pieces of content, including tools that will give you insight into your business finances.

Want to be the first to know when they launch?

How to Get a Business Loan

One of the most feasible ways to kickstart your small business — and establish a stable financial foundation you can build from — is to secure a business loan.

How Do Business Cards Help to Build Business Credit?

Opening and using a business credit card is a proven strategy to build business credit. Through careful card management, your firm can establish a favorable financial track record and demonstrate its creditworthiness. These efforts demonstrate to potential lenders that you’re a low-risk investment, giving them the confidence to lend you money down the road. Lacking […]

What Is the Average Small Business Score?

Like a consumer credit score used to determine your creditworthiness, your company has a small business score that summarizes its financial stability. Banks and other lenders often use these numbers to qualify businesses for loans and other financial products. There isn’t one universal business scoring method, but four different systems used in different situations. Because […]

How Do I Pay My Revenued Business Card Bill?

As a responsible small business owner, you want to ensure your bills are paid on time with minimal complications. Revenued understands, which is why we make paying for our new Revenued Business Card easier than ever.  The Revenued Business Card is not a credit card or a loan and provides funding based on sales and […]