On Tuesday afternoon, Loudoun County Economic Development completed the random selections for 400 COVID-19 Business Interruption Fund grants, totaling $2 million. The fund was created by the Loudoun County Board of Supervisors and the Loudoun Economic Development Authority in April,…
This week, the Small Business Administration and the U.S. Treasury Department clarified that the deadline for applications is June 30, 2020.
Loudoun’s Business Interruption Fund will open for applications at noon on June 3, 2020, and remain open for 72 hours, closing at noon on June 6, 2020.
On Friday, Loudoun Economic Development completed the random selections for more than 200 Business Interruption Fund grants, totaling nearly $1.4 million.
Loudoun’s Business Interruption Fund process enters its final phase on Friday with a random drawing from the list of certified eligible applicants.
EIDL-eligible ag businesses include those producing food and fiber, ranching, and raising of livestock, aquaculture, and all other farming.
The Small Business Administration is urging Congress for additional funding appropriations so that they are able to process additional loan applications.
The Virginia 30 Day Fund is not intended to replace other long-term solutions but could provide funding for operating expenses and payroll in the interim.
Loudoun businesses are eligible for low-interest, long-term disaster loans, offering an affordable way for businesses to recover from declared disasters.