Coronavirus Business Resource Guide
The Loudoun Chamber and our members are working hard to do all we can to help all businesses cope with the ongoing Coronavirus/COVID-19 crisis. Below you will find a wide array of valuable resources to help you access the support, financial assistance and information your business needs stay in business, throughout this crisis and beyond. This site will be updated as resources become available.
Things to Know Right Now
NEW Paycheck Protection Program Application and Guidelines Released. The US Small Business Administration released a new application for the Paycheck Protection Program, along with new guidance for borrowers and lenders. Take advantage of this government program to protect your employees and your business by applying for a PPP loan – 80% of which will be forgiven – TODAY! View Chamber Member Banks
U.S. Chamber Releases Two New Step-by-Step Guides for COVID Employer Tax Credit, Disaster Loans
NEW Economic Injury Disaster Loan Guide: The CARES Act expanded the Small Business Administration’s long-standing Economic Injury Disaster Loan Program(EIDL), which includes $10,000 grants for eligible applicants. The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters. The guide is available here.
NEW Employee Retention Tax Credit Guide: The CARES Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of the coronavirus. The guide is available here.
UPDATED: Small Business Emergency Loan Guide
The U.S. Chamber’s Coronavirus Small Business Emergency Loan Guide, first issued last week, outlines the steps small businesses need to take to access much-needed Payroll Protection Program(PPP) funds. The guide now includes important information including key dates as the government moves toward implementation. Recently, the Treasury Department issued more details on this paycheck protection program and a loan application available for download.
NEW! Temporary Paid Leave and Family Medical Leave Guide: The Families First Coronavirus Response Act created new temporary paid sick leave and paid Family and Medical Leave Act (FMLA) programs that are 100% reimbursable by the federal government. Click here to view the new guide which provides information on requirements, employee eligibility, paid leave calculations and exemptions.
Starting April 3, small businesses and sole proprietorships can apply for loans. Starting April 10, independent contractors and self-employed individuals can apply for loans. There is a funding cap, so the Treasury Department recommends applying as soon as possible.
Governor Northam Orders Statewide Closure of Certain Non-Essential Businesses. Here Is What You Need To Know. / Frequently Asked Questions Regarding The Governor’s Order
Support Loudoun Businesses that are Open. We’ve compiled a list of businesses that are offering resources as well as local restaurants that have to-go, curbside service and delivery options. Check It Out
CDC: Start with the US Center for Disease Control and Prevention, the go to source for everything coronavirus/COVID 19.
Loudoun Department of Economic Development: Loudoun’s Department of Economic Development is working overtime to support our businesses during this crisis and just launched a COVID 19 Resource Page filled with great information and resources.
U.S. Small Business Administration: The US Small Business Administration, which is funded through your tax dollars, is here to support your small business success, in both good times and bad Check out these valuable SBA resources:
- SBA Small Business Guidance & Loan Resources
- SBA Online Disaster Assistance Loan Portal
- SBA Loan Application Form
Loudoun County Government: Loudoun County put together this site with great information on how to avoid the coronavirus and how to access government assistance for your family, business or house of worship.
- Tax Update: The Loudoun County Board of Supervisors has approved a recommendation from Treasurer H. Roger Zurn to move the personal property tax deadline from May 5 to June 5, 2020. Learn More Here
State of Virginia Rapid Response Funding: Governor Ralph Northam announced the release of Workforce Innovation and Opportunity Act (WIOA) Rapid Response funding to help Northern Virginia employers remain open and avoid layoffs during the COVID-19 emergency. Learn More
Other great resources include:
- Commonwealth of Virginia Corona Virus Updates
- Virginia Employment Commission
- Virginia Department of Small Business and Supplier Diversity
- What You Should Know About the ADA, the Rehabilitation Act, and COVID-19
Small Business Development Center/Mason Enterprise Center Loudoun: Your best resource for information on accessing and obtaining Federal loans, grants and assistance, including expert business counseling.
- COVID-19 info is here and main web site here.
- How Much Money do I Apply For? One of the most common questions small businesses have regarding the SBA Disaster Loan Program is how much to ask for on the loan application. Learn how the SBA will determine your loan amount.
- Pre-recorded webinar: How to apply for SBA Economic Injury Disaster Loans (EIDL) available for Virginia small businesses and non-profits, located here.
Community Foundation for Loudoun and Northern Fauquier Counties: Our Community Foundation has established an Emergency Relief Fund to raise and provide financial support to our families and neighbors most impacted by the coronavirus. You can donate to the Emergency Relief Fund here.
Visit Loudoun: No industry has been hit harder than the tourism and hospitality industry and no industry partner ever works harder for their members than Visit Loudoun. Check out their Healthy Travel Information page.
Donate to the Tourism & Hospitality Relief Fund.
We are standing by our valued friends and partners during this pandemic. We ask that you help us spread the word about the newly created Visit Loudoun Foundation Loudoun Tourism & Hospitality Relief Fund.
US Chamber of Commerce: The US Chamber is leading the nationwide business community’s response to this deadly disease. Check out their robust “Combatting the Coronavirus” resources site, which includes outstanding guidance for employers who dealing with this situation.
Virginia Restaurant, Lodging & Travel: The Virginia Restaurant, Lodging & Travel also has a robust array of resources for all types of businesses.
Facebook: Facebook for Business has many resources to help small businesses deal with business interruptions, such as the coronavirus. To access Facebook for Business, click here. Also check out Facebook Small Business $100 million Grants Program to help small businesses make it through this crisis.
Help Those in Need in Loudoun
Inova Loudoun Hospital – How you can help.
Mobile Hope: Due to school closure, Mobile Hope is urgently seeking donations for their breakfast and lunch bags for students in need. For more information on where do drop-off food donations, Click Here. Follow Mobile Hope on Facebook for future updates.
All Ages Read Together: With the cancellation of All Ages Read Together (AART) free preschool classes for low-income families in need for the remainder year, AART is seeking sponsors to fund additional summer classes to help our students begin kindergarten ready on day one. We also created an Amazon wish list to make activity packets for the students and will distribute those packets at outdoor locations in the coming weeks.
Loudoun Education Foundation: LEF is continuing to run their Backpack Coalition Program. Donate Here
Supporting Our Local Businesses
We have created a page where we can post information on how to support local businesses, as well as resources for business owners.
Is there something that you think would be beneficial to add to this page? Please reach out to a Chamber staff member to let us know.