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SBA Paycheck Protection Program loaned nearly $9B to Va. businesses
The $349B small business relief fund ran out Thursday.
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Before the Small Business Administration’s (SBA) $349 billion Paycheck Protection Program (PPP) relief fund ran out Thursday morning, Virginia banks processed more than 40,000 applications totaling nearly $9 billion, the
Fairfax County establishes $2.5M small business loan fund
Eligible businesses can receive up to $20,000 in interest-free loans.
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Fairfax County announced Thursday that it has established the Fairfax County Small Business COVID-19 Recovery Fund — a $2.5 million fund to support small businesses that have suffered economic hardship
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SBA Paycheck Protection Program funds could run out by Thursday
More than $315 billion of the $349 billion federal relief fund for small businesses was loaned as of late Wednesday evening.
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The Small Business Administration’s (SBA) $349 billion Paycheck Protection Program (PPP) relief fund is expected to be exhausted by early Thursday. Since the application process for the fully forgivable loans
Truist commits $2M to small businesses hurt by pandemic
Qualifying Virginia businesses can apply for grants to Natural Capital Investment Fund.
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Truist Financial Corp. is donating $2 million to community development financial institutions to support grants to small businesses impacted by the COVID-19 pandemic in states served by the bank. “Small
Virtual retail therapy
How small brick-and-mortar stores are adapting to closures.
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Virginia Business virtually sat down with Kate Stottlemyer, owner of Tweed, a small, family-owned brick-and-mortar boutique located in Henrico County’s busy Short Pump area, to get a feel for how local
As COVID-19 crisis continues, SBA is saving small businesses
Federal government should increase emergency business loan amounts to $10 million, reduce interest rate
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With the world economy in crisis, Congress and President Donald Trump are working at breakneck speed to pass a massive stimulus package. This package is necessary to restore jobs and
Small businesses hurt by coronavirus can apply for federal funds
Small businesses can receive up to $2M in funding to pay for fixed debts, payroll, accounts payable and other bills.
Published
UPDATED MARCH 26 As more than 10,000 Virginians have applied for emergency unemployment assistance in the wake of the financial disruption caused by the coronavirus, Gov. Ralph Northam announced Thursday