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NOVA Technology Loan Fund

The NOVA Technology Loan Fund is designed to help minority/people of color entrepreneurs in the technology industry located in Northern Virginia who are suffering substantial economic injury because of the […]

SBA to Increase Lending Limit for EIDL Loans

The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April […]

Restaurant Revitalization Fund

The $28.6 billion Restaurant Revitalization Fund, part of the Biden Administration’s $1.9 trillion American Rescue Plan Act, will offer direct grants to restaurants and other qualifying food businesses. The program […]

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 […]

Targeted EIDL Advance Mapping Tool

Are you eligible for the Targeted EIDL Advance? You can determine if your business is potentially eligible for a Targeted EIDL Advance by using the new SBA online mapping tool. This […]

Small Business Administration (SBA) Announces Exclusive PPP Application Window for Small Businesses

The SBA has established a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees, beginning on Wednesday, February 24, 2021 at 9 a.m. and […]

What to Know About the Employee Retention Credit

In December 2020 the Economic Assistance Act became law and provided several adjustments to assistance programs for small businesses. One of the changes was some alterations to the Employee Retention […]

What is the difference between the PPP and EIDL loan programs, and can I apply for both?

The CARES Act includes a number of relief programs for small businesses. The main difference between a PPP loan and an EIDL is that you have to spend at least […]

Do I Qualify for a Second PPP Loan?

To qualify for a second PPP loan, you must generally meet the following qualifications: To qualify for a Paycheck Protection Program loan for the first time, you must be a […]

Economic Impact Disaster Loan (EIDL) Advance Program Reopens

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 […]

First Draw PPP Loans Now Available

The SBA has rolled out a new round of federal loans for businesses impacted by COVID-19, one of which is the Paycheck Protection Program (PPP). The new PPP has $284.5 […]

Second Draw PPP Loans Introduced

The SBA has rolled out a new round of federal loans for businesses impacted by COVID-19, one of which is the Paycheck Protection Program (PPP). The new PPP has $284.5 […]

Get Ready for 2020 Taxes (Updated 2/11/21)

Wondering what taxes you’ll need to file in 2021? Confused about how to count your PPP or EIDL assistance payments? Curious what you can do to prepare for filing and […]

Google, Kaiser Permanente Fund Minority Owned Small Business Grant Program Launched by Community Foundation

A new Minority Owned Small Business Grant Program has been announced by the Community Foundation for Loudoun and Northern Fauquier counties with funding from Google and Kaiser Permanente. The program […]

Rebuild VA Grants Funds Exhausted; No Longer Accepting or Processing Applications

The Virginia Governor’s Office has announced that as of December 9, 2020, available funds for the Rebuild VA grant have been exhausted, and they will not be able to accept […]

Simpler PPP Forgiveness for Loans of $50,000 or Less Available

The U.S. Small Business Administration, in consultation with the Treasury Department has released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the […]

ALERT: Phishing Scam Targeting Paycheck Protection Program (PPP) Borrowers

The U.S. Small Business Administration (SBA) has discovered an email scam originating from sba-attorneys.com that seeks to create alarm among Paycheck Protection Protection (PPP) loan borrowers. The email falsely warns […]

Phase II of Leesburg Business Infusion Grant Opens September 8

The Town of Leesburg will begin accepting applications for a second phase of business relief grants, using federal CARES Act funding, beginning Tuesday September 8 at noon E.T. The application […]

Virginia Introduces Rebuild VA Grant Program

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 3 times the applicant’s […]

Paycheck Protection Program (PPP) Loan Application Deadline Is August 8

The deadline to apply for the PPP program is approaching. The original deadline to apply for the PPP was Tuesday, July 30. However, $130 billion still remained in the fund […]

SBA Concludes EIDL Advance Program

On July 11, the U.S. Small Business Administration announced the conclusion of the EIDL Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion […]

Leesburg Business Infusion Grant Application Walk Through

As part of the CARES Act the Town of Leesburg has initiated a grant program for small businesses operating in the town to assist with the economic impact of the […]

Leesburg Business Infusion (LBI) Grant Fund Announced

The Leesburg Town Council approved the Leesburg Business Infusion (LBI) grant fund. The focus of the Leesburg Business Infusion Grant Program is to provide those local businesses currently facing the […]

100WomenStrong Create Pay It Forward Loan Program

To meet the immediate needs of Loudoun County residents who may not be able to pay all of their bills, 100WomenStrong has created a loan program called Pay It Forward. […]

Using CARES Act Funding to Purchase a Business

Some of our Loudoun SBDC clients have asked if they can use CARES Act funding to purchase or grow their business. When we look at the Paycheck Protection Plan program […]

SBA Launches LenderMatch to Connect Small Businesses with PPP Lenders

The Small Business Administration (SBA) has announced the availability of a dedicated online tool, called LenderMatch, to provide an additional resource for pandemic-affected small businesses that have not applied for […]

SBA Introduces Revised Paycheck Protection Program (PPP) Full Forgiveness and EZ Applications

The SBA has issued a revised, borrower-friendly PPP loan forgiveness application. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application. […]

Loudoun Business Interruption Fund Grant- New Phase Three Funds Announced

The Loudoun County Board of Supervisors has allocated $2 million for a third round of funding as part of the Business Interruption Fund grant program. It will be opened to […]

Virginia SBDC Network Business Recovery Resource Page

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 […]

Navigating Paycheck Protection Program (PPP) Loan Forgiveness

Since the second round of the Paycheck Protection Program opened on April 27, about 2.2 million loans have been made to small businesses, totaling more than $175 billion, according to the […]

IRS Coronavirus Resource Page

The IRS has set up a web page dedicated to providing resources as well as offering tax help for taxpayers, businesses, tax-exempt organizations and others – including health plans – affected […]

How Do I Prepare for PPP Loan Forgiveness?

Webinar replay from Loudoun County Chamber of Commerce, May 5th 2020: Description from original webinar: You secured an SBA Paycheck Protection Program Loan. Take a minute to breathe; you earned […]

Booz Allen Foundation Innovation Fund

The Booz Allen Foundation has established a $1 million Innovation Fund to help nonprofits, entrepreneurs, thought leaders, innovators at colleges and universities, and startups and small businesses harness the power of data, technology, […]

¿Dónde puedo acceder a las versiones en español de los recursos y documentos de la SBA?/ Where can I access Spanish-versions of SBA resources and documents?

Nos damos cuenta de que muchos de ustedes son hispanos y prefieren la información que se les proporciona en español. Para satisfacer sus necesidades, hemos creado un enlace al sitio […]

Paycheck Protection Program (PPP) Employee Loan Worksheet

Introducing a helpful tool that you can leverage to help estimate your PPP loan amount, the PPP Employee Loan worksheet. Use the worksheet to enter your individual employee’s pay, tax, […]

What are the eligibility requirements for the Main Street Lending Program?

The Federal Reserve Board on Thursday April 30 announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support […]

What relief funds are available for women-owned businesses?

In addition to the various government relief loans and grants available to small businesses who are impacted by the coronavirus pandemic, many more are available for women-owned businesses. Below are […]

Are agricultural businesses eligible to apply for SBA relief programs?

Effective Monday April 4, 2020, agricultural businesses are eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs. The legislation provides additional funding for farmers and ranchers and […]

Breaking News From SBA on EIDL Loans

Economic Injury Disaster Loans (EIDL) & Advances: The SBA is unable to accept new applications at this time for the EIDL-COVID-19 related assistance program, including EIDL Advances, based on available appropriations funding. Applicants […]

How Do I Apply For Loudoun County’s COVID-19 Business Interruption Fund?

NOTE: APPLICATIONS FOR THE BUSINESS INTERRUPTION FUND WERE DUE SATURDAY, MAY 2nd. APPLICATIONS ARE NOW BEING REVIEWED The Loudoun County Board of Supervisors unanimously approved more than $1 million in […]

What are the differences between the EIDL and PPP loan programs?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, allocates $349 billion to help small businesses keep workers employed amid the current circumstances […]

Which banks are accepting Paycheck Protection Program applications?

The Small Business Association (SBA) has launched a tool for businesses to find lenders in their area. Click here to use the tool.  Note: Lenders are not required to participate. […]

Can a business receive both a Paycheck Protection Program loan and an EIDL?

Generally, a business can apply for loans under both the Paycheck Protection Program and the EIDL program but must use the EIDL for a purpose other than covering payroll costs. […]

How do I apply for the Paycheck Protection Program?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the […]

Are There Any State Loan Programs Available for Small Businesses?

Note: Currently VFA is suggesting small businesses use the SBA EIDL and PPP loans for COVID disaster assistance (at least at this time.) The Virginia Small Business Financing Authority (VSBFA) […]

Can I Get a Bridge Loan While I Wait for a Disaster Loan?

SBA Express Bridge Loans Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. […]

Is There Assistance for the Deaf or Hard of Hearing in Applying for Loans?

Individuals who are deaf or hard‑of‑hearing may call SBA’s Customer Service Center via the Federal Relay Line by calling (800) 877-8339. You may also email disastercustomerservice@sba.gov for more information on SBA […]

Can I Get Help with the Loan Preparation Process?

Yes! The Loudoun SBDC has coaches that can help you with loan package preparation. f you have questions about the process or need assistance in gathering information or filling out […]

How Do I Apply for a Federal Disaster Loan (EIDL)?

Small businesses in Loudoun County are now eligible to apply for Federal Disaster Loans for economic damage. To begin the application process please use the link below: https://covid19relief.sba.gov   UPDATE […]

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 […]

Virginia Easing More COVID-19 Restrictions

Beginning Thursday, April 1, Virginia will be easing certain COVID-19 restrictions. Those include: Social gatherings, which include weddings, may have up to 50 people indoors and 100 outdoors.  Indoor entertainment […]

Do I Really Need to Have a Business Plan?

According to Loudoun SBDC Business Advisor Terry Saeger, the short answer is yes, but not necessarily for the reason most people think about, which is getting a loan from a […]

Register Now for 2021 SCORE Black Entrepreneurs Pitch Event

We are excited to celebrate Black History Month by partnering with SCORE for the 2021 Black Entrepreneurs Virtual Pitch Event! We invite our talented Loudoun black entrepreneurs to sign up […]

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, […]

Virginia Issues Modified Stay-at-Home Order

Virginia is implementing a modified stay-at-home order as part of the new coronavirus restrictions starting at 12:01 a.m. Monday, December 14. That will exclude those going to work and other […]

My business down down. How do I identify what I need to do to pivot and rebound my small business?

According to Subodh Nayar, Loudoun SBDC advisor, as an established business, you have some advantages over a business trying to get off the ground, but also some constraints. Being candid […]

Virginia Implements New Statewide Restrictions to Reduce Spread of COVID-19

Virginia Gov. Ralph Northam on Friday, November 13 announced substantial new statewide restrictions on gatherings and certain businesses in an effort to slow rising COVID-19 cases and hospitalizations. The new restrictions took […]

Virginia Becomes First State to Adopt Statewide Emergency Workplace Safety Measures

On July 15, Governor Ralph Northam announced the adoption of statewide emergency workplace safety measures for Virginia. The Virginia Department of Labor and Industry’s Safety and Health Codes Board voted […]

Virginia Enters Phase 3 Reopening on July 1

Virginia, including Northern Virginia, moved 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 […]

ServSafe COVID-19 Precautions

The National Restaurant Association has issued ServSafe COVID-19 Precautions, a free, on-demand video series which provides an overview of the key actions that provide operators and staff the tools to […]

Mason Enterprise School of Business Summer Consulting Services for Technology Assessments and Solutions

The coronavirus is having a tremendous impact on the economy. Particularly hard hit are small businesses that have traditionally operated in-person. Many of these businesses have had to switch their […]

Northern Virginia Enters Phase Two Reopening on Friday, June 12

Governor Ralph Northam announce Tuesday, June 9, that Northern Virginia can enter reopening phase two on Friday, June 12 as metrics on the spread of the coronavirus continue to improve. […]

Loudoun Is Ready Pledge Launched

Loudoun Economic Development, Visit Loudoun and the Loudoun Chamber of Commerce together have announced the “Loudoun Is Ready” campaign as business restrictions due to the COVID-19 pandemic are lifted. The […]

Reopening Virginia: Recap of Governor Northam’s Announcement

Governor Northam outlined his plan to reopen Virginia businesses. Northam said  “the overwhelming advice” from two dozen business owners and officials on his business task force was to reopen the entire state […]

If I am Self-Employed or a Sole Proprietor how do I file for Unemployment Insurance Benefits under the CARES Act?

New Benefits for Previously Uncovered Workers Affected workers, like the self-employed, who are not eligible under traditional unemployment insurance may be eligible under a brand new federal program called Pandemic […]

What Do My Employees Need to Know About the Shelter-in-Place Order?

On March 30, 2020, Governor Ralph Northam issued a executive stay at home order due to the COVID-19 pandemic. The order remains in place through June 10, 2020. As part […]

How Do We Communicate with Customers, Employees and Partners?

How do I communicate with my employees? My customers? My vendors? During a crisis, it is important to keep messages concise and brief as possible while still sharing important info. […]

Where Can I Find Out About Other Resources for My Business?

There are many partners working to provide information, guidance and resources during this crisis. Here are some links to some valuable sites that we hope help: Loudoun County Department of […]

Where Can I Get Information About the Coronavirus?

What you need to know about COVID-19 The above video is from Dr. Lisa Park, executive director of Mason’s Student Health Services, who answers questions about coronavirus/COVID-19 As the outbreak […]

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