Lendistry Manages a New Round of Grants for California’s Live Venues

By: Sharjeel Sohaib

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Jan 6, 2023

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  • On December 20, 2022, Lendistry announced that it would manage a new round of grants to assist independent live venues in California that generate most of their income from ticket sales and event marketing.ย 
  • This time, the eligibility has been enlarged. The program’s “Round 2” began on December 19, 2022.

Eligibility expanded in “Round 2” of the California Venues Grant Program.

To support additional venues impacted by the pandemic, the California Venues Grant Program, which Lendistry administered in October and November of 2021, is returning for a new round. 

“Lendistry and the State of California have deployed the largest state-funded pandemic relief funding programs in the country, and help is still needed,” says Lendistry CEO Everett K. Sands. “Independent venues are valuable to their local communities as sources of jobs and income and as environments where people can gather. We’re proud to continue supporting them as they recover.”

Businesses that did not apply in the program’s initial round last year are eligible to apply in this new round. The state has expanded the list of acceptable event places, so live venues are invited to check the eligibility requirements. The revised regulations have reevaluated previous program applications, and those now qualified have been contacted.

“California led the nation in small business COVID-19 relief, and we are proud of the relief funds that were distributed in round one of the California Venues Grant Program, which helped keep the lights on for over 800 live events venues,” said Tara Lynn Gray, Director of CalOSBA. “These include theater and performing arts groups, dance companies, museums, and so many more small businesses in our communities that are part of the vital pulse of California’s collective performing arts ecosystem. Round two of the grant funding seeks to further strengthen this sector’s ability to overcome the challenges of the past few years.” 

The grant levels for this program will be less than $250,000 or 20% of the applicant’s gross generated revenue in California for the 2019 taxable year. This is similar to the grant amounts for the first round. Independent live events venues that qualify must be physically located in California and be in business. On CAVenuesGrant.com, specific information regarding qualifying requirements and the application procedure is available.

Read the application guide here. 

Lendistry provides over $5 billion in state-funded relief to small businesses nationwide.

Lendistry has given small companies nationwide access to more than $5 billion in state-funded relief and recovery award financing. Lendistry assists undercapitalized communities in accessing a simple, entirely digital application procedure using its fintech portal. 

Simplified application process and offers community-based support

Additionally, the fintech allows local community organizations to assist their members in understanding the programs it manages and submitting applications in various languages. 

According to Lendistry, a more fair environment for all can be achieved via the use of accessible technology and community-based support.

Wrap Up!

Lendistry will again be managing the California Venues Grant Program, which was last offered in October and November of 2021. The program’s “Round 2” started on December 19, 2022, to assist new locations affected by the pandemic. 

The maximum award amounts under this program will be at most $250,000 or 20% of the applicant’s California-sourced gross revenue for the 2019 tax year. This is comparable to the grant amounts from the Lendistry program’s initial round.

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