Grants and Loans

Grants and loans

Covid-19 has been a trying time for everyone. The SBA and other government entities are here to help provide you with grants and loans that you need in order to keep your business afloat. 


Paycheck Protection Program (PPP) Update

*The senate on Thu. March 25, voted to pass the PPP Extension Act of 2021, which extends the program to May 31. President Biden is expected to sign the bill into law soon.*

The Coronavirus Response and Relief Supplemental Appropriations Act that was passed and signed in late December will renew the Paycheck Protection Program to support small businesses and their employees. Official guidance on terms and eligibility from the Treasury and SBA are expected soon (Please be advised that the final rollout of the program may have some changes from what is provided in this document which was released prior to December 27)

The SBA has released additional PPP guidance. It provides information concerning the required procedures for changes of ownership of an entity that has received PPP funds. To learn more about PPP first draw and second draw information, please visit the links below for more information:
The IRS also announced Information Reporting Requirements for Paycheck Protection Program Loans Forgiven under the CARES Act. You can find more information here:
In 2021 alone, a total of 891,044 loans have been approved from 4,942 lenders, totaling $72,740,500,280. Please find more information here.

Paycheck Protection Program Loan Forgiveness

Update: The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. Please find more information using the links below: 

  • Click here to view the simpler loan forgiveness application.3
  • Click here to view the instructions for completing the simpler loan forgiveness application.
  • Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.
As of November 22, 2020, a total of 367,321 payments have been made, totaling an amount of $38,432,262,125. Please find more information here.

SBA Economic Injury Disaster Loan (EIDL) Emergency Advance


In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19.

The Small Business Administration announced on December 30, 2020 that the application deadline for EIDL loans has been extended to the end of Dec. 31, 2021. See Press Release here

This extension comes as a result of the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on Dec. 27, 2020 part of the New – EIDL Loan Page

Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000.

Please note (existing borrowers) – SBA will reach out directly via email and provide more details about how businesses can request an increase closer to the April 6 implementation date. Read More.

Please find more information and eligibility here. To learn about SBA Cross Program Eligibility for Coronavirus Relief, please click here.

Targeted EIDL Advance

The Targeted EIDL Advance aids businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. Eligible applicants include those who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding. SBA will reach out to those who qualify.

Please find some facts and questions about Targeted EDIL Advance here.

Other Financial Assistance

Restaurant Revitalization Fund

The Restaurant Revitalization Fund is a grant program Grant program created as part of the recently-signed American Rescue Plan Act. The grant program will be administered by the US Small Business Administration. The maximum available for an eligible business and affiliated businesses is $10 million, and limited to $5 million per physical location. The SBA has not published any guidance on this program to date and no start-up date has been set.

The initial, 21-day focus of the program will center on reaching out to members of our most underserved and economically vulnerable communities – including women- and veteran-owned small businesses, as well as other socially and economically disadvantaged (e.g., Black-, Hispanic-, Asian American/Pacific Islander-, and LGBTQ-owned) small businesses. Also included among this initial group are mom-and-pop establishments, unbanked entities, and other “smallest of the small” concerns.

Find the most recent information on the SBA’s RRF page.

Find a recorded presentation here.

View the slides here.

Please visit the SBA Newsroom for more information.

Sign up for the SBA e-Newsletter for important updates.

Shuttered Venue Operators Grant

Note: SBA has temporarily suspended the SVOG application portal. SBA is working closely with the portal vendors to reopen as soon as possible.

The SBA recently announced an upcoming Shuttered Venue Operators (SVO) Grant as part of their emergency assistance programs to small businesses. Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employeesSBA is in the process of setting up the grant program and will start accepting applications on April 8.

Based on the updated information the following guidelines have been disclosed:

  • Applicants must have been in operation as of 2/29/2020
  • Applicants cannot have applied for a PPP loan on or after 12/27/2020
  • Venues in operation on 1/1/19 are eligible for grants equal to 45% of their 2019 gross revenues, up to $10 million
  • Venues that opened after 1/1/19 the grants will be fore the average monthly gross revenue for each full month in operation in 2019 X 6, up to $10 million
Applicants must be registered on before applying for the grant.
  • SBA video instructions here

There will be a priority ranking system in place:

  • First Priority: 1st 14 days of grant awards, for entities that suffered a 90% or greater
    revenue loss between April 2020 through December 2020 due to the COVID pandemic
  • Second Priority: 2 nd 14 days of grant awards, for entities that suffered a 70% or greater
    loss of revenues during this same period
  • Third Priority: beginning 28 days after 1st and 2 nd priority awards are made
  • Supplemental Funding: after 1st and 2 nd priority groups are funded, for any 1st or 2 nd
    round funding recipients that suffered at least a 70% revenue loss for the most recent
    calendar quarter (as of 4/1/21 or later)

Please find more information on the official SBA website here.

View the FAQ here.

Find a recorded presentation here.

View the slides here.

SVOG application informational webinar (03/30)-Register here.

City of Manassas Grants

ELEVATE helps residents by providing training programs, support services, and career assistance so they can get and keep today’s in-demand jobs. It helps businesses train incumbent workers and identify the best new hires. ELEVATE is a valuable network of workforce development and education partners to strengthen our communities today and prepare them for the future. Please find more information here.

Fairfax City Grants

There are no new Fairfax City Grants at this moment. Please check again at a later time.

Prince William County Grants

Rebates of up to $2,000 for permitting fees for renovations and new construction projects. Application accepted on a rolling basis through June 30, 2021 (as long as funds remain). Eligibility:
  • Projects must be less than 100,000 square feet in size
  • Tenant Layout, Alteration and Repair, and New Construction Permits
  • Commercial Real Estate Projects Only
Please find more information about the program here.
Prince William County’s IGNITE grant offers cash to selected high-growth companies and tech catalyst organizations. There are two different grant amounts that you can be offered:
  • $25,000 (Pre-revenue/ startup phase)  
  • $50,000 Pre-revenue with institutional or investor funding or Post-revenue
Please learn more about the IGNITE grant here.

Other Grants/Loans

Please find information regarding emergency grants here.
This fund is a forgivable loan. Find more information here.
Please find more information regarding grants and resources for artists and non-profits here.
Free legal assistance to small businesses in Northern Virginia during the COVID-19 pandemic, including help with federal assistance, grant and loan programs, leases and employment issues. Learn More
The U.S. Department of Labor has begun to issue guidance of various programs under the unemployment insurance umbrella. Please be aware that there are some details still being worked out by USDOL with respect to implementation. More Information here.
VRLTA in Partnership with DoorDash will award approximately 125 grants of $3,500 each for a total of up to $450,000 in grant money to Virginia businesses, so that local restaurants can continue to thrive. Please find more information here.
Please find some additional grants at the COVID-19 Business Resource Center here.
The NOVA Technology Loan Fund is designed to help minority/people of color entrepreneurs in the technology industry located in Northern Virginia who are suffering substantial economic injury because of Coronavirus (COVID-19) outbreak.
It is a revolving loan fund initially funded through donations made by Freedom Bank and Northern Virginia Technology Council (NVTC).
Please learn more about the eligibility requirements, terms and conditions here.
The KP Bailey’s Crossroads Microloan Fund is designed to help entrepreneurs in the Bailey’s Crossroads area in Northern Virginia. This is a loan fund that is funded by Kaiser Permanente.
This fund is available ONLY to small businesses and entrepreneurial individuals in these Fairfax County neighborhoods.
Additionally, technical training and counseling assistance will be provided to loan recipients and entrepreneurial residents in that neighborhood to become financially viable.
This fund will be administered by the Community Business Partnership, Inc (CBP).
Please learn more about the eligibility requirements, terms and conditions here.

Small Business Debt Relief Program

As part of our coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020.

For current SBA Serviced Disaster (Home and Business) Loans: If your disaster loan was in “regular servicing” status on March 1, 2020, the SBA is providing automatic deferments through December 31, 2020.

Please find additional information regarding the Small Business Debt Relief Program here.
Scroll to top