Supporting Small Businesses
Navigating COVID-19 and Beyond
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News & Resources
Find resources for businesses during the COVID-19 crisis.
Information and Resources During the COVID-19 Outbreak
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Access a checklist and guided process to evaluate and reopen your business!
A Process to help you navigate how to move forward with your business during and after the COVID-19 pandemic
The Virginia SBDC network has developed the Business Recovery webpage to help owners carefully plan for and execute their businesses’ new strategy. Reopening a business under current circumstances requires owners to make a careful analysis of the current situation, their capabilities, and goals. They must recognize how the market and customer has changed- the same applies to businesses that were able to continue operations. Additionally, businesses will need to calculate the new operating costs they’ll incur with additional safety measures. It might also necessitate owners to re-imagine their business concept. The detailed guidelines in the Business Recovery web page cover a broad range of critical considerations for business recovery.
Rebuild VA Grant Opens Applications Beginning August 10
The state of Virginia is launching a new grant program for small businesses and nonprofits called Rebuild VA. The program will provide grants of up to three times the applicant’s average monthly eligible expenses up to a maximum award of $10,000. The application will become available on August 10, 2020.
These grants are aimed at assisting small businesses and nonprofits that have faced economic distress as a result of the COVID-19 pandemic. Eligible entities include those in the following industry sectors: restaurant and beverage service, non-essential retail, exercise and fitness, personal care and personal grooming, entertainment and public amusement, private campgrounds, and overnight summer camps.
This statewide program is capitalized with $70 million, which means the grant will be able to assist approximately 7,000 businesses. Half of the proceeds will be directed toward small businesses and nonprofits located in economically disadvantaged areas, including ensuring adequate representation of women-owned and minority-owned businesses.
More details about the program, including eligibility criteria, may be found by visiting https://www.governor.virginia.gov/rebuildva/ . You can also find information on our web site www.loudounsbdc.com, or reach out to one of our business coaches with any questions: www.loudounsbdc.com/contact-us/.
Who qualifies for Pandemic Unemployment Assistance (PUA)?
PUA provides unemployment benefits to those traditionally not eligible for unemployment benefits due to the inability to work because of the coronavirus health crisis. These workers include: self-employed, independent contractors, workers with limited work history, and more. Review this checklist to confirm you qualify.
If you think you are eligible for PUA, please note:
- In order to be deemed eligible for PUA, applicants MUST first apply for traditional unemployment insurance and be denied. Information about the PUA application process can be found here: https://www.vec.virginia.gov/ Please note: This page will provide a link to the PUA application but individuals still must FIRST apply for unemployment insurance.
- Once denied unemployment insurance, individuals may apply for PUA at: https://www.vec.virginia.gov/html/pua.html
Can I Get Help with the Loan Preparation Process?
Yes! The Loudoun SBDC has coaches that can help you with loan package preparation. If you have questions about the process or need assistance in gathering information or filling out application forms, contact us and we will get you connected with a coach as soon as possible. NOTE: All coaching through the SBDC Loudoun is free of charge.
To help you understand the EIDL Application process we’ve prepared this video overview and guide for the new streamlined application:
Virginia enters phase 3 reopening on july 1
Governor Northam announced that Virginia, including Northern Virginia, will move to Phase 3 reopening on July 1. Under Phase 3 guidelines, social gatherings can include up to 250 people. Other criteria include:
- Child-care centers will be allowed to reopen.
- Restaurants and nonessential retail businesses will be able to operate at full capacity, with physical distancing measures.
- Swimming pools, indoor gyms and fitness centers will be allowed to operate at 75 percent capacity.
- Barbershops and hair salons will be allowed to take walk-ins, but with masks and distancing required.
- Entertainment venues, such as museums and zoos, will be permitted to open at 50 percent capacity, with a cap of 1,000 people at outdoor venues.
Northam said he will continue to encourage Virginians to stay home when possible, telework and observe social distancing. View the full statement of reopening guidelines.
About the SBDC Loudoun
Resources for business growth
The Loudoun Small Business Development Center (SBDC) was created to promote entrepreneurship and small business growth. It fulfills that mission by providing one-on-one coaching, educational offerings such as 1 Million Cups and workshops like How to Start a Business and the Business Plan Boot Camp as well as information on all aspects of small business management. From start-up through growth stage, we provide current and innovative resources and support small businesses that go on to achieve their greatest success.