Paycheck Protection Program
SBA is currently accepting Second Draw PPP loan applications from participating lenders. Lender Match can help connect you with a lender. You can also view all lenders near you on a map.
For more information about eligibility for Second Draw PPP and details of available loans, visit the website here. SBA is accepting applications until March 31, 2021.
To find information on applying for PPP loan forgiveness, visit the website here.
SBA Economic Injury Disaster Loans
SBA is now offering targeted, low-interest loans to Virginia businesses and non-profits that have been severely impacted by COVID-19. The Economic Injury Disaster Loan (EIDL) program provides working capital loans of up to $2 million that can provide support for small businesses to help overcome temporary loss of revenue.
You can apply for a loan here. Contact Congresswoman Wexton’s office at 703-234-3800 for any assistance you may need in filling out the application.
Fill out this form to request a letter of support from Congresswoman Wexton on your application for an EIDL loan.
Rebuild VA Grants
Governor Northam has announced an expansion of the Rebuild VA Grant program, funded through the CARES Act. An additional $30 million was allocated by the Governor in October.
Any small business or nonprofit with $10,000,000 or less in gross revenue OR 250 or fewer employees may now apply. Find our more information and apply here.
SBA and CDC Resources
A directory of local small business resources can also be found here.
The CDC has recommendations for employers to protect their workplaces from COVID-19 which can be found here.
The SBA has additional resources for businesses and government contractors facing challenges related to COVID-19, found here.
On April 13, Congresswoman Wexton hosted a virtual Small Business Town Hall with the Small Business Administration. You can find the complete video here and a transcript of the conversation, including answers to frequently asked questions, here.