SBA to Open Shuttered Venue Operators Grants (SVOG)

SBA to Open Shuttered Venue Operators Grants (SVOG)

The SBA has opened the Shuttered Venues Grant submission process. Those eligible are operators of live venues, live performing arts organizations, museums and movie theaters, as well as live venue promoters, theatrical producers, and talent representatives.

The application will be available on the SBA’s website at https://www.svograntportal.sba.gov/s/. The SBA has released a “5 Things You Should Know”. They are as follows:

  1. SVOG applications open April 8 at 12 p.m. EDT.

Starting at 12 p.m. EDT, eligible entities will be able to start their SVOG application via the SVOG application portal. Once you begin, remember to save along the way and refer to SBA’s SVOG website – www.sba.gov/svogrant – for reference materials as you go through the process.

Visit SVOG portal

  1. Access the SVOG 4506-T from the website.

To meet IRS requirements, a unique SVOG 4506-T is required for the SVOG application and you can find that fillable document at www.sba.gov/svogrant under Supplemental Documents. A video tutorial is also provided to guide you through it.

Review the form

  1. Review the updated FAQs.

The FAQs were updated on April 6 with the information included from questions received on the March 30 national training webinar. If you missed the webinar, you can watch the recording.

Review the updated FAQs

  1. Get prepared with these multiple tools.

The SBA has created several tools and resources to help potential SVOG applicants prepare, including:

All info about SVOG

  1. Tap local SBA partners for technical assistance.

The SBA Resource Partner Network provides advising and counseling services to help organizations prepare for funding opportunities like the SVOG, PPP, and other business recovery needs.

Local assistance

SBA Working Capital Loans Available in CT for Tropical Storm Isaias and High Winds

SBA Working Capital Loans Available in CT for Tropical Storm Isaias and High Winds

The U.S. Small Business Administration (SBA) issued the attached press release to the media on 12/7/2020. SBA announced that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations in Connecticut as a result of Tropical Storm Isaias and high winds on Aug. 4-5, 2020.

The loans are available in the following counties: Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham in Connecticut.

IMPORTANT!

  • Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoanAssistance.sba.gov and should apply under SBA declaration #16794, not for the COVID-19 incident.
  • Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to DisasterLoanAssistance.sba.gov . Loan applications can be downloaded from sba.gov/disaster
  • Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
  • Submit completed loan applications to SBA no later than Aug. 2, 2021.

Full announcement HERE


CONNECTICUT Declaration 16794
(Disaster: CT-00051)
Incident: TROPICAL STORM ISAIAS AND HIGH WINDS
occurring: August 4-5, 2020
Application Filing Deadline: August 02, 2021
Find details HERE

Affinity Launches SmartStart High Yield Savings for Low Balances

Affinity Launches SmartStart High Yield Savings for Low Balances

Affinity Federal Credit Union believes their members deserve to be rewarded for saving, especially those just starting to save during this time of economic downturn. Enter SmartStart Savings. A new savings account from Affinity that offers an awesome 2% interest rate on balances under $2,500.

What if I have a higher balance?

The Affinity MoreSavings Account lets you earn more with 4 balance tiers and higher dividend rates at each successive tier.

What if I am tempted to use the money when it’s not actually an emergency?

A Certificate Account is a convenient way to save while earning a guaranteed fixed rate dividend for a fixed period of time. Check out Affinity’s short time offer: 14-month and 22-month terms with APY up to 0.95%!

Connecticut Community Bank Gives Back During the Pandemic

Connecticut Community Bank Gives Back During the Pandemic

Giving back is something that Connecticut Community Bank has always been passionate about. When they began to see the need for community support during the coronavirus pandemic, they knew they had to help. To meet the immediate needs caused by the virus, CCB has supported charity partners by donating the products they need to keep their communities safe, healthy, and engaged. Recent partners include: Open Doors Shelter, Chrysalis Center, Pacific House, River House Adult Day Center, Abilis, Homes for the Brave, and Bridgeport Rescue Mission.

 

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