Loans from the Fairfax County Small Business COVID-19 Recovery Fund will be made to eligible businesses in amounts up to $20,000 at 0% interest that can be used for critical operating expenses to offset some of the impacts of the shutdown. Loan counselors administering this loan program will work with business owners to identify and apply for optimal federal or local assistance.
How To Apply
Through an existing partnership with the County, the Community Business Partnership will administer the program and provide small business counseling.
Applicants must visit CBP's website and fill out an intake form. Eligible businesses will be required to complete a no-cost, short pre-submission consultation with CBP counselors who will help them apply for the best program to suit their specific needs. The program will begin April 28.
Community Business Partnership is holding three Q&A Sessions on the Fairfax County Microloan and the Federal Cares Act.
April 21 (Recording coming soon)
April 24 1:00-2:00pm Register
April 27 2:00-3:00pm (In Spanish and English) Register
The microloans will be available to “for profit” businesses who meet the following criteria:
- One or more commercial locations in Fairfax County, including the principal place of business.
- Fewer than 50 employees across all locations
- Been in business for 2+ years
- Possess a valid Business, Professional and Occupational License (BPOL) license to qualify.
Loans of up to $20,000 will support expenses such as working capital, equipment, rent, debt payments and other operating expenses. Funded businesses must keep their business in the county for the life of the loan.