COVID-19 Resources

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TOP FAQs During the COVID-19 Crisis

Getting Started with Loudoun SBDC

The Loudoun SBDC strives to provide the most current, relevant information for small businesses to help you make decisions during the COVID-19 outbreak. For additional information, email us mec20175@gmu.edu or call (703) 466-0466.

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Virginia Launches Return to Earn Program

Unemployed Virginians are facing a variety of childcare, transportation, and other barriers to returning to the workforce while some small businesses are struggling to find workers. To support Virginians in their transition back to employment, Governor Ralph Northam will invest $3 million to pilot the Return to Earn Grant Program.

To qualify for the state’s matching fund of up to $500 per person, businesses must pay that amount directly to a new employee hired after May 31, either as a lump sum or in installments to offset ongoing costs of child care, transportation or other barriers to re-employment. Funds will be reimbursed only to businesses that pay at least $15 per hour for jobs that qualify as W-2 employment, either full time or part time. ⁠⁠For additional information on requirements and to apply for Return to Earn grant funding, small businesses should contact their local Virginia Career Works Center. Answers to frequently asked questions about the program can be found here: https://www.governor.virginia.gov/media/governorvirginiagov/governor-of-virginia/pdf/FAQ-On-The-Virginia-Return-To-Earn-Grant-Program.pdf

EIDL Advance Program Reopening

Congress has allocated another $40 billion in EIDL grants (advances) in the new stimulus bill. While the Economic Impact Disaster Loan (EIDL) has continued to be available, the EIDL Advance program has now reopened, offering 10K advance (or grant) for qualified applicants.

The EIDL loan parameters remain the same- 30 year, 3.75%, $2M, with payment deferral of 12 months with a goal of providing 6 months of working capital.

 EIDL grants award money based on the number of employees you have. You’ll qualify for $1,000 per employee, up to a maximum of $10,000. To qualify for the full targeted $10,000 EIDL grant, a business must: 

  • Be located in a low-income community, and
  • Have suffered an economic loss greater than 30%, and
  • Employ not more than 300 employees

In addition, the business must qualify as an eligible entity as defined in the CARES Act. Read more: https://loudounsbdc.com/economic-impact-disaster-loan-eidl-advance/

Shuttered Venue Operators Grant

The SBA has two new targeted grant programs scheduled to open in early April. The Shuttered Venue Operators Grant and Restaurant Revitalization Fund will be open only to eligible shuttered venues and restaurants.

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

SBA is building the grant program and expects to open applications in early April.
For more information on eligibility for the Shuttered Venue Operators Grant please visit the SBA Shuttered Venue Operators (SVO) program page: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/shuttered-venue-operators-grant#section-header-4 .

A VA SBDC webinar covers how applicants can prepare for the Shuttered Venue Operators Grant application. While all the details for the program have not been finalized, there are some advance steps that businesses may need to do now to better prepare them for the application process.

View recording: https://www.youtube.com/watch?v=TkHMP5WvKsE

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:

See More 

Virginia's Permanent COVID-19 Workplace Safety and Health Rules Take Effect

Virginia’s permanent COVID-19 workplace safety and health rules have taken effect. The standards mandate appropriate personal protective equipment, sanitation, social distancing, infectious disease preparedness and response plans, record keeping, training, and hazard communications in workplaces across the Commonwealth. The permanent standards align with the temporary standards that had been in place since July.

Read the full statement and get more details:https://www.governor.virginia.gov/newsroom/all-releases/2021/january/headline-891684-en.html

All Frequently Asked Questions (by date)

VA Phase One Guidelines for Businesses

The Governor's office released guidelines for businesses to follow during Phase One of reopening. These guidelines include best practices and requirements for all business sectors as well as for specific industries. You can read information about the Phase One...

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How Do I Prepare for PPP Loan Forgiveness?

Webinar replay from Loudoun County Chamber of Commerce, May 5th 2020: https://www.facebook.com/247053305067/videos/2659714751019223/ Description from original webinar: You secured an SBA Paycheck Protection Program Loan. Take a minute to breathe; you earned it. Now,...

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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,...

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Contact

Phone

703-466-0466

Email

mec20175@gmu.edu

Address

202 Church St SE, Leesburg, VA 20175

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