For Our Retail Partners 2021 COVID Relief Act & Other Resources

Key Resources

Small Business Association Exclusive Coronavirus Relief Presentation

Macerich and the Small Business Administration (SBA) joined forces to share important details on three SBA Coronavirus Relief Options: Economic Injury Disaster Loan (EIDL), SBA Express Bridge Loans, and the SBA Debt Relief. Click below to see the full presentation. 

VIEW PRESENTATION


Shuttered Venue Operators Grants

The Shuttered Venue Operators Grant (SVOG) program was established in December 2020 and amended by the American Rescue Plan Act of 2021. Administered by the SBA, the program will make over $16 billion in grants accessible to live venue operators including movie theater operators and other related businesses.  

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. Two billion dollars are reserved for eligible applications with up to 50 full-time employees. The SBA expects to open applications in early April 2021. 

Who’s eligible?

  • Live venue operators or promoters
  • Live performing arts organization operators
  • Motion picture theater operators
  • More – follow link below for complete list
  • Must have been in operation as of February 29, 2020

How it works

  • Applications for businesses suffering the greatest economic loss will be processed first
  • Funds may be used for specific expenses – follow link below for details 
  • Application period expected to open in early April 

LEARN MORE


Restaurant Revitalization Fund 

The Restaurant Revitalization Fund was established as part of the American Rescue Plan Act of 2021 and will offer $28.6 billion in grants to restaurants and bars, with restaurants able to apply for grants based on lost revenue. Five billion dollars will be earmarked for businesses with 2019 gross receipts of less than $500,000.

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Economic Injury Disaster Loans and Cash Grants of $10,000

Update (April 6, 2021): The Consolidated Appropriations Act extended the Small Business Administration’s COVID-19 Economic Injury Disaster Loan (EIDL) program, with applications for low-interest loans now being accepted through December 31, 2021. 

The American Rescue Plan Act also allocated additional funding for targeted EIDL advance payments, extended the loan deferment period and increased the maximum loan limit for loans approved after April 6. Please visit the SBA via the “Learn More” link below for details about these changes. 

Who’s eligible?

  • Businesses with fewer than 500 employees.
  • Must have been operating since January 31, 2020.

How it works

  • EIDLs for up to six months of working capital are available
  • Collateral is required for loans over $25,000
  • EIDLs that are smaller than $200,000 can be approved without a personal guarantee

LEARN MORE


Tax Breaks for Businesses

Update (April 1, 2021): The deadlines for individuals to file and pay most federal income taxes are extended to May 17, 2021. 

  • The American Rescue Plan Act extends the employee retention tax credit (originally authorized under the CARES Act) for eligible employers that continue to pay employee wages during COVID-19-related closures or experience reduced revenue through December 31, 2021

Learn more about tax provisions in the American Rescue Plan of 2021 that may impact your business by visiting the link below.

LEARN MORE

Other Resources

Get the Advice You Need

For all assistance programs, it’s important to understand the fine print. Be sure to check with a financial advisor or lender before applying to better understand the details and how individual programs could fit with your specific business needs.

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Updated as of June 7, 2021

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