Call the Wage and Hour Division’s toll-free help line:
1-866-4-USWAGE (1-866-487-9243) / TTY: 1-877-889-5627
Monday-Friday 8 a.m. to 8 p.m. Eastern Time
As Virginia businesses and communities look forward to safely reopen, the Virginia SBDC network, and your LFSBDC, have developed the Business Recovery webpage to help owners carefully plan for and execute their businesses’ new strategy.
These detailed guidelines cover a broad range of critical considerations. While business owners can use them by themselves, they were designed to ideally be used in collaboration with an LFSBDC business consultant.
Reopening a business under current circumstances requires owners to make a careful analysis of the current situation, their capabilities, and goals. They must recognize how the market and customer has changed- the same applies to businesses that were able to continue operations. Additionally, businesses will need to calculate the new operating costs they’ll incur with additional safety measures. It might also necessitate owners to re-imagine their business concept.
The Virginia SBDC’s consultations have a solid track record of helping business owners through such considerations.
U.S. Small Business Administration microloans are now available to small businesses affected by the COVID-19 pandemic in Northern Piedmont.
How does it work?
The SBA will make all payments – including principal, interest and fees – for six months following the closing date on any loan closed between March 27, 2020 and September 27, 2020. Microloans may be offered for any amount starting at $500 up to $50,000. They may be for terms from six months to six years. COVID-19 forgivable small business loans are available in all 16 Virginia counties and cities People Inc. serves.
Apply Now: Call 833-437-0115 Qualifying individuals must reside in Culpeper County, Fauquier County or Rappahannock County
Technology Town Hall
brought to you by our partner, Windstar Technologies, Inc.
Financial Town Hall
brought to you by our partner, Germanna Community College
Medical Town Hall
brought to you by our partner, Wellspring Health Services
Facebook Inc. announced Tuesday that it will begin taking applications for its small business grant program in Virginia on Wednesday, April 22.
Thirty-one businesses in the Richmond region will receive a total of $125,000 in grants and 25 businesses in Northern Virginia will be awarded a total of $100,000 in grants. The grants average to around $4,000.
In order to receive grants, businesses have to be for-profit, employ between two and 50 workers, have been in business for more than a year, have suffered challenges from COVID-19 and be in or near a location where Facebook operates. There will be a special emphasis placed on investing in minority- and women-owned businesses.
Applicants will have two weeks from Wednesday, April 22, to apply before the deadline. It will take a few weeks to review applications, ask follow-up questions and announce grant recipients.
The Culpeper Star-Exponent is proud to announce the launch of our Local Marketing Grant program, which offers matching marketing funds to local businesses whose livelihood has been impacted by the outbreak of the COVID-19 virus.
The Star-Exponent has partnered with local businesses across our region to deliver their message to customers in both times of prosperity and in times of great challenge. While the coronavirus outbreak has created change and difficulties for us all, the ability of our local business community to market to their customers remains essential to their, and all of our, sustainability and recovery. Our company’s greatest assets, by far, are the local communities we serve and we’re firmly committed to supporting them through this grant program.
This program will be available to locally owned and operated businesses impacted by the COVID-19 virus, and will provide matching advertising grants for use in The Culpeper Star-Exponent and Culpeper News print and digital publications and services. This builds upon our existing commitment to our local business community through such successful initiatives as our Buy Local gift card program, and the We’re Open Directory.
Through our Local Marketing Grant program, we are enabling small business owners to access a much broader portfolio of marketing products. This program will allow us to take a far more comprehensive approach to overcoming the unique challenges our local business partners face as a result of this pandemic.
Grants will range from $250 to $15,000 each month, and will be awarded in April, May and June. Applicants may apply online at starexponent.com/pages/local-marketing-grant.html.
As a trusted source of news and information for the communities we serve, we feel that we are uniquely positioned to assist our local business community during these trying times. During the COVID-19 pandemic, we have seen record-setting trends in both pageviews and users who are accessing our content both in our printed newspaper and at starexponent.com. These audiences present a tremendous opportunity for our local business community to get their message out to local residents each and every day.
During these uncertain times, we believe each of us can do our part to help our community come through the other side of this pandemic stronger and more united to tackle the challenges ahead. We ask that you join us in supporting our local business community in the weeks and months to follow.
Two weeks ago, we launched our Support Local Now program, which provides a free online We’re Open Directory to local businesses that are open during the COVID-19 crisis, as well as a separate directory for those who sell gift cards.
We have been very pleased by the success of this new program, which has added over 100 businesses to the two directories. Thanks to our sponsors of this program and to all of the businesses participating.
Today, Congress and the administration reached an agreement to replenish funding for the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program following their rapid depletion in just two weeks. The bill has moved through the Senate and the House is expected to pass it on Thursday.
EIDL – An additional $60 billion has been added for the EIDL program, which 501(c)(6) organizations are eligible to access. Additionally, in the coming days, we anticipate more details on a Federal Reserve program that 501(c)(6) nonprofits may be able to access and we will share with you as soon as they are available.
PPP – An additional $310 billion for the PPP. Virginia Community Capital (VCC) has important information on how to apply to the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) now.
Follow this link for more information. Once funds are approved by Congress, the applications will be processed on a first-come, first-served basis, for those of you who did not apply in the first round, you need to apply now. Competition will be fierce!
Summary of the bill below.
FUNDING FOR THE SMALL BUSINESS ADMINISTRATION PROGRAMS
As of April 21, 2020
The bill increases funding for the Paycheck Protection Program (PPP) by $310 billion and the Emergency Economic Injury Disaster Loan (EIDL) program by $60 billion. However, the bill does not increase loan amounts or expand eligibility for PPP loans, including for any organization not already included in the CARES Act, such as 501(c)(6).
Specifically, the bill:
Of those funds, the bill sets aside:
o $250 billion for unrestricted PPP loans made through banks and credit unions of all sizes
o $30 billion for loans to be made by smaller banks and credit unions (with less than $10 billion in assets)
o $30 billion for loans to be made by mid-sized banks and credit unions (with assets between $10 billion and $50 billion)
o $50 billion to EIDL loans (funds that must be repaid);
o $10 billion for Emergency EIDL grants (funds that may be provided as upfront grants).
o Clarifies that agricultural enterprises with less than 500 employees may receive EIDL grants and loans.
Emergency Funding Opportunity For Employees in the Food And Beverage Industry: Southern Smoke Foundation provides funding to individuals in the food and beverage industry who are in crisis.
The application process is completely anonymous. Only Southern Smoke staff will see an application in its entirety.
Please use the description area within the application to explain your individual crisis in as much detail as possible. Case Managers are assigned to cases based on the urgency of the crisis and not on a first-come-first-served basis. For instance, life-and-death cases are prioritized over car payment requests.
To qualify for emergency relief funding you must have worked in the food and beverage industry for a minimum of 6 months and an average of 30 hours per week minimum. Every applicant must show proof of such employment, so please have paycheck stubs and/or W2s available. Unfortunately, we are unable to make any exceptions.
Please have documentation available. If you are asking for help with your rent, please have your lease agreement available. If you need help with your utilities, please have your bills available.
Apply here >> https://southernsmoke.org/fund/
The U.S. Chamber has released a comprehensive resource kit for businesses. View the kit here.
Please find below a list of all of the most recent guides to the aid and programs being made available to assist businesses during the ongoing pandemic, including the newest guide to the paid sick and FMLA programs.
For more U.S. Chamber information and resources, visit our U.S. Chamber page.
Many schools around the Commonwealth are in need of used CPUs and laptops to provide to students during distant learning. If your businesses has any of these items you would be willing to donate to a school in need, please contact our superintendent to learn how to provide these resources to your school district.
The COVID-19 pandemic has resulted in dramatic increases in demand for critical medical supplies, in particular, personal protective equipment (PPE, such as N95 respirators or latex gloves). Due to this big increase in demand plus supply constraints of producers of those products, hospitals in Virginia are facing the prospect of shortages that could impact healthcare delivery. Virginia employers who may be able to donate these critically needed items (top priorities at the present time are surgical masks, N95 respirators, disposable medical gowns, latex gloves, ventilators, face shields, and COVID-19 test strips / test kits), please contact Stacie Neal, Branch Chief of the Planning Division at the Virginia Department of Emergency Management (VDEM), who will coordinate logistics. Stacie can be reached at firstname.lastname@example.org or 804-219-6359 (mobile).
Support the local, small businesses in our community!
Small businesses are the foundation of our communities and our economy. Employing nearly half the American workforce, they keep our neighborhoods running and make them feel like home. The impacts of the coronavirus pandemic have wrought unprecedented financial uncertainty. These businesses need resources and relief — and they need it now. That’s why the Save Small Business Fund, a grantmaking initiative funded by contributions from corporate and philanthropic partners, is providing $5,000 in short-term relief to employers across the United States. These one-time supplemental cash grants are for businesses that have between three and 20 employees and operate in an economically vulnerable community. The grant application will go live on Monday, April 20 at 12:00 PM PT/3:00 PM ET. To learn more about the Save Small Business Fund and to apply for a grant, visit savesmallbusiness.com. We’re in this together.
Background: We are Virginians helping Virginians.
The COVID-19 crisis has put millions of small business jobs at risk impacting millions of families across our Commonwealth.
The nonprofit Virginia 30 Day Fund was launched by Virginia technology entrepreneur Pete Snyder and his wife, Burson. Working with other business leaders throughout the Commonwealth, the Fund’s goal is to help save as many Virginia jobs as possible while small businesses await recently approved federal funding.
Virginia businesses that qualify for assistance from the Fund are:
The funds dispersed to small businesses by the Virginia 30 Day fund do not need to be repaid. If businesses who receive the Fund’s assistance do, at a later date, wish to “pay it forward” to another Virginia small business in need of assistance, they may do so by directing those dollars back to the Fund, which will disburse the funding to another Virginia business in need.
Thanks to a $2.5 million investment from Verizon, LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.
Submit your logo or design to email@example.com. A shirt with your image will be created and posted on the Culpeper shop site – you promote it to your clients and we will market it on our end too! $10 from each shirt sale will be given to the associated business or nonprofit This is a wonderful way to support our local businesses and is a no cost opportunity for businesses who may have limited resources at this time.
The Virginia Career Works-Piedmont Region is proud to announce 25 reimbursement innovative aversion grants to address COVID-19 related effects on Small Businesses (250 or fewer employees). Businesses can apply for a grant to be used for the following
Grants will be awarded up to $3,000.00 on a first come first serve basis.
The Virginia SBDC network hosted a webinar to help you apply for Economic Injury Disaster Loans (EIDL) from the U.S. Small Business Administration. Funding is available for Virginia small businesses and non-profits.
Congress has now passed, and the President has signed, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is a $2 trillion relief bill. The 800-plus page document contains thousands of provisions covering virtually every part of the American economy. The following is an overview of the CARES Act.
Cash to Americans through Direct Payments
The Paycheck Protection Program, one of the largest sections of the CARES Act, is – for small businesses – one of the most important provisions in the new stimulus bill. This new program sets aside $350 billion in government-backed loans. The program is modeled after the existing SBA 7(a) loan guarantee program provided by the U.S. Small Business Administration (SBA). Currently, the SBA 7(a) program guarantees small business loans that are provided by a network of more than 800 lenders across the U.S.
The Paycheck Protection Program creates a type of emergency loan that can be forgiven when used to maintain payroll through June. The program expands the existing network of lenders so that more banks, credit unions and lenders can issue those loans. The Paycheck Protection Program:
On March 20, 2020, the U.S. Small Business Administration (SBA) approved an SBA disaster declaration for the Commonwealth of Virginia. The disaster declaration allows SBA to provide assistance to Virginia businesses and nonprofits negatively impacted by COVID-19.
SBA’s Economic Injury Disaster Loan (EIDL) program can provide vital economic support to small businesses by helping to overcome the temporary loss of revenue they are experiencing due to COVID-19.
SBA’s EIDL program offers:
Recent Changes to SBA’s Economic Injury Disaster Loan Program:
The SBA’s EIDL program was extended to all small businesses affected by COVID-19, but the Coronavirus Aid, Relief and Economic Security Act (CARES) Act expands this program and makes it easier to apply.
Recent changes to the EIDL program include:
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020.
Paid Leave Entitlements
A part-time employee is eligible for leave for the number of hours that the employee is normally scheduled to work over that period.
In general, employees of private sector employers with fewer than 500 employees, and certain public sector employers, are eligible for up to two weeks of full or partially paid sick leave for COVID-19 related reasons (see below).
Employees who have been employed for at least 30 days prior to their leave request may be eligible for up to an additional 10 weeks of partially paid expanded family and medical leave for reason #5 below.
Qualifying Reasons for Leave Related to COVID-19
An employee is entitled to take leave related to COVID-19 if the employee is unable to work, including unable to telework, because the employee:
Sales Tax Filing and Payment Extension & Penalty Waiver
Businesses impacted by coronavirus can request an extension of the due date for filing and payment of their February 2020 sales tax return due March 20, 2020, for 30 days. When granted, businesses will be able to file and pay no later than April 20, 2020 with a waiver of any penalties.
Any income tax payments due during the time period of April 1, 2020, to June 1, 2020, will now be due on June 1, 2020. This includes individual and corporate income taxes paid to Virginia Tax.
Late payment penalties will not be charged if payments are made by June 1, 2020. However, interest will still accrue, so if you can pay by the original filing due date, you should.
All income tax filing deadlines remain the same, including the May 1, 2020 individual income tax filing due date. However, Virginia does already have an automatic, 6-month extension to file (7 months for certain corporations). If you file during the extension period, make sure you still pay any taxes owed by June 1, 2020 to avoid penalties.
VDACS has received a USDA waiver to allow for seniors over 60 participating in the USDA Commodity Food Program to receive their monthly food and to minimize physical contact during the COVID-19 outbreak. Participants are no longer required to sign for the food they receive. Additionally, participants are able to receive two boxes every other month rather than one box monthly. This will minimize the number of distributions without limiting the amount of food.
Individuals in the Commonwealth who are experiencing food insecurity are encouraged to visit this site to locate a food bank nearest to them.
If you are considering or plan to apply for federal stimulus financial relief via the Paycheck Protection Program (PPP), we want to make sure you have the following updated information in what is a rapidly developing application process:
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
Under this program:
Resources / Documents:
Virginia active 7a SBA lenders: