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.
- 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
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