We understand that there is a lot of uncertainty and many questions at this time. There are also many resources and a lot of information coming out. In order to best serve the small businesses of Alexandria, we will be compiling information and resources for small businesses on this page. We will update this page regularly, with as much up-to-date information as possible.
Alexandria Back to Business (ALX B2B) Grant Program – Round Two
The Alexandria B2B Grant Applications are now closed. For more information on these grants, please visit AEDP’s website.
Business owners with questions about the program or application process are encouraged to contact AEDP by email at firstname.lastname@example.org or telephone at 703.739.3820.
REBUILD! VA Grant Program
The Rebuild VA Grant Fund is a program to help small businesses and non-profits whose normal operations were disrupted by COVID-19, including restaurants, brick and mortar retail, exercise and fitness facilities, personal care and personal grooming services, entertainment and public amusement establishments, and campgrounds.
Businesses and non-profits that are approved for a Rebuild VA grant may receive up to 3 times their average monthly eligible expenses up to a maximum of $10,000.
Eligibility for REBUILD! VA grants can be found here. The application has been available since August 10, 2020.
PPP – PAYCHECK PROTECTION PROGRAM
The Payroll Protection Program is no longer accepting applications. Most PPP lenders have not opened their online portal to accept applications for forgiveness. Their reluctance is based on expected new guidance from the SBA and possible expansion of the use of the EZ application form (currently for loans of $50,000 or less). Borrowers have 10 months from the completion of their “Covered Period” to file the application. We recommend that PPP borrowers consult their CPAs, accountants or tax professionals for specific guidance regarding the timing of their application and possible tax implications.
For more information on PPP loan forgiveness see https://www.virginiasbdc.org/business-recovery-center/ppp-loan-forgiveness-explained/.
EIDL – ECONOMIC INJURY DISASTER LOANS
The EIDL applications re-opened for new applicants only on June 15, 2020. For more information on this loan program see https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loans.
RECOVERY RESOURCES FOR SMALL BUSINESSES
As Virginia businesses and communities look forward to safely reopen, the Virginia SBDC network and Alexandria SBDC 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 Alexandria SBDC’s Business Analysts. The guidelines are set forth in three sections: REVIEW, RESET, AND REVIVE. As a first step, we encourage you to carefully examine the questions and resources under each section. At that point, contact Alexandria SBDC at email@example.com to schedule a virtual meeting with an Alexandria SBDC expert consultant for objective feedback on your questions and ideas. As a reminder, all services of Alexandria SBDC are without cost.
The Alexandria SBDC’s confidential one-2-one consultations have a solid track record of helping business owners through such deliberations. We also have contacts in the community that can help you make opportune connections.