by Kelly Starzec | Mar 22, 2021 | Business Development, Operations
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 bank. You want to write a business plan for yourself, the business owner. The business...
by Kelly Starzec | Feb 5, 2021 | COVID Archives
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 60% of the PPP loan on payroll expenses. Also, unlike EIDL loans, PPP loans are not issued directly from the...
by Kelly Starzec | Jan 12, 2021 | COVID Archives
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 small business as defined by the SBA. This includes: Small businesses or non-profit 501(c)(3)...
by Kelly Starzec | Dec 7, 2020 | COVID Archives, Operations
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 about those strengths and weaknesses is as important as understanding the...
by Kelly Starzec | Nov 23, 2020 | Legal
The following list summarizes the steps for establishing a new company in Loudoun County. The first step is to go to the Virginia State Corporation Commission web site and search for the name you want to use for the company. If the name is in use by someone else, then...
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