How do I apply for Loudoun County’s COVID-19 Business Interruption Fund?

Posted on by Mary Joynt

The Loudoun County Board of Supervisors unanimously approved more than $1 million in grant funding for the COVID-19 Business Interruption Fund to support Loudoun businesses impacted by the coronavirus outbreak. The fund will open for applications at noon on April 29, 2020, and remain open for 72 hours, closing at noon on May 2, 2020. All […]

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Can a business receive both a Paycheck Protection Program loan and an EIDL?

Posted on by Mary Joynt

Generally, a business can apply for loans under both the Paycheck Protection Program and the EIDL program but must use the EIDL for a purpose other than covering payroll costs. To determine whether to apply for a Paycheck Protection Program loan or EIDL, businesses should consider the following: Eligibility: As described in detail in this Advisory, […]

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How do I apply for the Paycheck Protection Program?

Posted on by Mary Joynt

UPDATE 4/16/20: DUE TO APPROPRIATION LEVELS THE SBA IS CURRENTLY NOT ACCEPTING NEW PPP APPLICATIONS FOR THE MOMENT. IF YOU HAVE ALREADY APPLIED FOR A PPP LOAN PLEASE CHECK STATUS AT THE LENDING INSTITUTION WHERE YOU APPLIED TO FIND OUT THE STATUS OF YOUR APPLICATION.   The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 […]

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Are There Any State Loan Programs Available for Small Businesses?

Posted on by Eric Byrd

The Virginia Small Business Financing Authority (VSBFA) is the Commonwealth of Virginia’s business and economic development financing arm.  Aligned within Virginia’s Department of Small Business and Supplier Diversity, the VSBFA offers programs to provide businesses, not-for-profits, and economic development authorities with the financing needed for economic growth and expansion throughout the Commonwealth.  To accomplish this […]

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Can I Get a Bridge Loan While I Wait for a Disaster Loan?

Posted on by Eric Byrd

SBA Express Bridge Loans Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a […]

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