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Business Resources - Things to Know Right Now
GuidesU.S. Small Business Administration: The US Small Business Administration, which is funded through your tax dollars, is here to support your small business success, in both good times and bad.
Check out these valuable SBA resources:
- Coping with COVID-19: SBA Financial Tools & Resources Presentation
- SBA Small Business Guidance & Loan Resources
- SBA Online Disaster Assistance & Loan Portal
- SBA Disaster Loan Frequently Asked Questions
- SBA EIDL Online Application Video Tutorial
- SBA Express Bridge Loan
- Guide to Payroll Protection Program Loan Forgiveness
- SBA Debt Relief
Disaster Office Hours of Operation:Monday-Friday: 8:00 am-8:00 pm
Saturday & Sunday: 9:00 am-5:00 pm1‐800‐659‐2955SBA Virginia Richmond District Office
804-771-2400
Email: richmond.va@sba.govPayroll Protection Program Loan deadline extended to May 31.
Lake Country Development Corporation announces a COVID-19 Emergency Loan program. Please see the flyer and application.Families First Coronavirus Response Act (FFCRA) - requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-10. Click here for additional information.
Local and Regional Assistance
Halifax County Small Business Recovery Assistance Fund - The Town of South Boston has been awarded $500,000 of Community Development Block Grant funds from the Virginia Department of Housing and Community Development for the Halifax County Small Business Recovery Assistance Fund (SBRAF). Through the Halifax County SBRAF, the Town of South Boston will help businesses meet their long-term business goals by adjusting to COVID-19 demands. Establishing safe and clean re-opening procedures, in accordance with the Governor’s guidance, is necessary for the safety of customers and employees. It will allow businesses to regain and sustain operations, ideally helping them retain existing staff, fill vacant positions, create new jobs, and become more efficient and resilient. Grant assistance to small businesses adversely impacted by COVID-19 will be offered in the form of space and technology upgrades, sanitation supplies, job training/technical assistance, and rent/mortgage assistance. The maximum grant award to a business will be $10,000. Apply by clicking here.
Bridge to Recovery Program - The Southern Virginia Regional Alliance (SVRA) and Virginia’s Growth Alliance (VGA) have joined forces with a number of other collaborative partners to create a Bridge to Recovery program to support the GO Virginia Region 3 service area as it recovers from the COVID-19 pandemic. Region 3 consists of the cities of Danville and Martinsville; and the counties of Amelia, Brunswick, Buckingham, Charlotte, Cumberland, Halifax, Henry, Lunenburg, Mecklenburg, Nottoway, Patrick, Pittsylvania, and Prince Edward.
GO Virginia State Board approved $925,000 for Bridge to Recovery to provide immediate and impactful support to businesses through the multiple recovery periods of the pandemic and bridge supply chain needs of companies with service providers.
Bridge to Recovery will create a network that enables businesses who need specific professional services or products due to COVID-19, to connect with businesses in the Region 3 footprint who have those services and products. Those with the alliances hope to make it an efficient way for businesses to find what they need to re-open or grow during this unusual economic situation.
The following businesses are invited to apply as a prequalified supplier:
- Suppliers of Personal Protective Equipment (PPE)
- Companies who provide PPE conversions (construction and building projects for COVID-19)
- Service providers who help companies with COVID-19 issues (i.e. accounting, legal, human resources, deep cleans, etc.)
Utilizing companies on this prequalified supplier listing will allow businesses to receive a cost match payment to suppliers of up to $20,000.
Apply here to be on the list of prequalified suppliers or here to apply for funding to support COVID-19 recovery work for your business.
Contact lgreen@svra.org or jeff@vagrowth.com for additional information.
Our PartnersLongwood Small Business Development CenterSouthern Virginia Regional Alliance COVID-19 Task Force - Economic developers within the Southern Virginia Regional Alliance formed a COVID-19 Task Force to monitor COVID-19 and collect information on economic resources for Southern Virginia companies. Click here for more information.South Boston Virginia Small Business Emergency Loan FundThe Town of South Boston and Destination Downtown South Boston have partnered to form a $250,000 loan pool to support small business needs during this time of economic uncertainty. Please click here for more details.US Chamber of Commerce
SBA Emergency Loans Guide & Checklist from the U.S. Chamber of CommerceVirginia Chamber of Commerce
Blueprint for Getting Virginians Back to Work
Resources to Help Your BusinessDepartment of LaborFind U.S. Department of Labor resources on preparing workplaces for the COVID-19 virus (also known as Coronavirus) here.View the Families First Coronavirus Response Act here.Internal Revenue ServiceDisaster Assistance and Emergency Relief for Individuals and BusinessesTo view COVID-19 Main Street Resources click here.Verizon Small Business Recovery Fund
Thanks to a $2.5 million dollar investment from Verizon, grants are available to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. For more information and the grant application, please click here.
Virginia Medicaid Program-DMAS
Please see the FAQ page here and the COVID-19 Information document here. For more information visit their website.VML will continue to update this page with resources for local officials to consider using as part of a plan of response. To view information click here.Webinars
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Center for Disease ControlThe Centers for Disease Control & Prevention has issued COVID-19 guidance for businesses:Resources for Business & EmployersGeneral Info & FAQsSteps to Preventing IllnessPreventing COVID-19 Spread in Communities
Virginia Department of HealthA State of Emergency Has Been Declared for Virginia in Response to COVID-19. See updates here.View the HCDSS statement here.View the Emergency Child Care Guidance Release here.View all other information here.