Economic Success

Fairfax County, Virginia

CONTACT INFORMATION: Our office is open 8AM-4:30 PM M-F

703-324-5171
TTY 711

12000 Government Center Parkway, Suite 432
Fairfax, VA 22035

Rebecca Moudry,
Director, Department of Economic Initiatives

County Small Business COVID-19 Recovery Fund

Fairfax County Funds Microloan Program

** Application for entering the lottery for this program have closed **
If you have questions about the process visit our FAQ page.
If you have questions about your status, contact Community Business Partnership at (703) 768-1440.

Stay tuned to the Fairfax County Covid-19 website for announcements additional programs.

Fairfax County has established a $2.5 Million fund to support small business recovery. Along with the Federal SBA loans and grants, the Small Business COVID-19 Recovery Fund and associated counseling will help our business community with needed relief. The program will be administered by the Community Business Partnership. Applications will be accepted beginning April 28.

 

Overview

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.
 

More Info

Frequently Asked Questions 

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

Microloan Flyer: English | Spanish | Korean | Arabic | Vietnamese

Press Release: Vietnamese | Spanish | Korean| Arabic

 

Eligibility

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. 

Required Documentation

  • Current Commercial Business Lease (if applicable)
  • Business & personal tax returns for the previous two years
  • Monthly sales history for the previous two years
  • Year-end profit and loss statement and balance sheet for the previous two years
  • Current profit-and-loss statement
  • Current debt schedule
  • Contract backlog report
  • Accounts receivable/accounts payable reports for the previous two years
  • The most recent Federal income tax returns for the applicant business for the previous two years
  • Current Fairfax County PBOL license and Non-Residential Use/Occupancy Permit

The following businesses are not eligible:

  • Banks and financial services
  • Sole proprietorships
  • Home-based businesses
  • E-commerce
  • Seasonal businesses, which operate only part of the year
  • Businesses whose primary product/service is oriented to age restricted customers (See FAQs)
  • Franchise businesses, except for those franchises which are locally owned and operated
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