The U.S. Small Business Administration (SBA) released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide helpful relief to the small business community.
The Rebuild VA Grant Fund is a program to help small businesses and non-profits whose normal operations were disrupted by COVID-19, including restaurants, brick and mortar retail, exercise and fitness facilities, personal care and personal grooming services, entertainment and public amusement establishments, and campgrounds.
Expanded business sectors
Megan Way 2020-09-24T10:18:20-04:00 September 23rd, 2020|
On May 27, 2020, the House passed the PPPFA by 417-1 and the Senate approved it by unanimous consent on June 3. The new law addresses the following flaws in the original PPP program created under the CARES Act:
Megan Way 2020-06-08T16:42:31-04:00 June 8th, 2020|
The $10,000 grants are designed to provide immediate relief to businesses to help them remain in business through the COVID-19 pandemic and prepare for reopening under the guidelines of Forward Virginia.
The $5 million dollars, dedicated for the grant program, will come from the federal funding Chesterfield
Megan Way 2020-06-08T13:15:36-04:00 June 8th, 2020|
Small business owners across America have scrambled over the past month to obtain over $5 billion in PPP loans with the promise that such loans will be forgiven if proceeds are used to retain employees and cover certain types of business expenses defined
ChamberRVA and Facebook have announced the creation of an RVA Small Business Relief Fund. The Relief Fund is open to all qualifying applicants; applicants do not need to be Chamber members to apply. The Relief Fund received initial seed funding of $250,000 from Facebook
Megan Way 2020-05-15T15:43:14-04:00 May 5th, 2020|
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 initiative provides 100% federally guaranteed loans to
Megan Way 2020-05-15T15:44:28-04:00 March 31st, 2020|
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now.