COVID-19 Business Resources
The small business sector is being hit particularly hard amidst the COVID-19 emergency and therefore we have gathered information and links below that can be of benefit during this time. Please know that this information changes rapidly but we are doing our best to keep ourselves informed in order to share the most relevant information with you.
Re-Opening and Recovery Resources
Forward Virginia Guidelines with industry specific information for phase 3
- Restaurants and food establishments, retail and personal care services can operate at full capacity while making sure to keep customers at
least 6 feet apart.
- Social gatherings of no more than 250 people are permitted.
- Face coverings are required in indoor public spaces.
- Entertainment and amusement businesses can operate at 50% capacity with a max of 1,000 patrons at one time.
- Fitness and exercise businesses can operate at 75% capacity.
Sources for Personal Protection Equipment (PPE):
Contact the following businesses about PPE items such as hand sanitizer, face masks, gloves, sanitizing wipes, etc.
- Miller’s Supplies At Work - firstname.lastname@example.org or (540) 662-1824
- Wholesome Foods - https://wholesomefoodsinc.com/ or 800-723-6637, ext 2
- Jon Henry General Store - https://www.facebook.com/JonHenryGeneralStore/ or (540) 740-4304
- Sysco - currently in stock: masks, gloves in a variety of sizes, hand sanitizer, sanitizing wipes, surface sanitizers, and bleach - contact your
sales rep for the latest product availability and pricing
- Safeguard Promotional Products - facemasks and shields, hand sanitizer, gloves, gowns, acrylic shields (for checkout stands) -
visit https://www.safeguardjack.com/ or contact Anne Meagher Watson at 804.355.2679 or Anne@SafeguardJack.com
- OlleyMay (part of ProForma) has masks, goggles, faceshields, gloves, hand sanitizer, gloves, and safety kits.
Click here for more information and for a current listing. Contact Bill Dietz at email@example.com or 805.575.8824
Business Loans and Grant Funding
(We recommend that you speak with your accountant, attorney, or primary lender to discuss the best options for your situation.)
- Dominion Energy Small Business Energyshare Relief Program
Available beginning September 1. "Dominion Energy Virginia is pledging $500,000 to help provide energy bill relief for small businesses, nonprofits, and houses of worship in its Virginia service territory. The program funding will be covered by shareholders and will not impact customer rates. Qualified businesses may be eligible to receive one-time assistance with their past due Dominion Energy electric bill balances up to $1,000."
- Rebuild Virginia Small Business Grant Program
Available beginning Monday, August 10.
- The Paycheck Protection Program (PPP) as part of the CARES Act-
The Paycheck Protection Program is intended to provide 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
Important information from this program:
- Can be used for employee salaries under $100,000, paid sick or medical leave, insurance premiums, and mortgage, rent and utility payments;
- Are 100% forgivable if used for the above purposes; and
- Are available to businesses or 501(c)(3) nonprofits with less than 500 employees, including sole-proprietors, independent contractors, and other self-employed individuals.
Information from the SBA website
Click here to view the EZ Forgiveness Application. Click here to view the Full Forgiveness Application.
- Small Business Administration’s Economic Injury Disaster Loan (EIDL) program with Loan Advance –
June 16, 2020 Update: The SBA began accepting new EIDL and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses. The application is available at: www.SBA.gov/Disaster.
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan (EIDL) Advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid.
SBA resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15 and will be processing those applications on a first-come, first-served basis. On June 15,SBA began accepting new EIDL and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses.
EIDL Loan Application
More information from the Lord Fairfax Small Business Development Center on the PPP and EIDL Programs
- Shenandoah County Disaster Impact Loan Program –
The Shenandoah County Industrial Development Authority (IDA) has created an emergency loan fund to aid small businesses that are being affected during the COVID-19 emergency. The details of the Shenandoah County Disaster Impact Loan Program (SCDILP) Click here for more details
- Virginia 30 Day Fund
The Virginia 30 Day Fund is being launched by technology entrepreneur Pete Snyder and his wife Burson. The goal is “to help businesses meet payroll, preserve health-care coverage for workers and avoid layoffs while awaiting the federal aid expected to arrive in about a month”. It will give up to $3,000 to each approved small business in a way that’s quick, easy and free of red tape.
Small business owners are asked to fill out a one-page form and submit a brief video highlighting the business and its employees.
To qualify, the business must employ three to 30 people, be based in Virginia and operating for at least one year, and owned and operated by a Virginia resident.
For more information on the Virginia 30 Day Fund and how to apply, click here.
- Virginia Small Business Finance Authority – Microloan program.
The Virginia Small Business Financing Authority’s SWaM Business Microloan Fund is designed to assist Virginia’s existing small businesses. Short-term loans are provided to help established businesses create new jobs, retain existing “at risk” jobs and promote investment and long-term economic development in Virginia. Applicants are encouraged to obtain technical assistance provided by the Virginia Small Business Development Center network or other counseling resources. Applicants that have sought such counseling may be eligible for a larger loan. Click here for details
- Virginia Community Capital – Microloans starting at $50,000
Virginia Community Capital works with businesses on a variety of financing options including debt refinancing, equipment financing, owner-occupied real estate, and working capital lines of credit. Click here for more details
- Verizon/Local Initiatives Support Corporation Grant –
Verizon will be donating $2.5 million to Local Initiatives Support Corporation (LISC), a national nonprofit that has invested $20 billion to fuel economic opportunity across America. LISC will use the funds to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19, especially entrepreneurs of color, women-owned businesses and other enterprises that don’t have access to flexible, affordable capital in historically under-served communities. The grants are designed to help business owners fill urgent financial gaps - from paying rent to meeting payroll - until they can resume normal operations or other financing becomes available. Click here for more details
- The Ogden Newspapers Community Marketing Grant - Ogden Newspapers, parent company of the Northern Virginia Daily, has established a $1 million grant fund to assist locally owned businesses with marketing efforts during this time. Grants are available for amounts ranging from $200 to $5,000 of matching funds each month. Click here for more details