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
Additional Guidelines as of December 2020- Executive Order Sixty-Seven
- 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 - email@example.com 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 firstname.lastname@example.org or 805.575.8824
(We recommend that you speak with your accountant, attorney, or primary lender to discuss the best options for your situation.)
NEW! Pandemic Relief Bill
Information about the new round of PPP Funding:
- Includes additional $284 billion; businesses can apply for an additional $2 million for businesses with 300 or less employees and a 25% decline in revenue in any quarter in 2020
- Expanded PPP eligibility for non-profits with 300 or less employees
- $12 million designated for minority-owned and very small businesses and $15 billion in grants for live venues
- Provides businesses with a forgivable loan based on 2.5x* its monthly payroll costs.
*Restaurants and hotels can seek forgivable loans based on 3.5x monthly payroll costs.
- Simplified PPP loan forgiveness application for loans under $150,000
- Expanded list of eligible expenses (now includes software, cloud computing, HR accounting, property damage not covered by insurance, supplier costs, and PPE)
- Repeals CARES Act provision requiring borrowers to deduct EIDL advance from PPP loan amount
Local Initiatives Support Corporation (LISC) Grants –
The Local Initiatives Support Corporation is offering two different small business relief grants to small businesses. Learn more about each of them at the links below.
IMPORTANT NOTE: you can also have received PPP and EIDL funding and also apply for these grants.
Small Business Relief Grants
Rural Relief Small Business Grants
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
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