Grants to Virginia Businesses in Eligible Locations to Mitigate Losses Due to COVID-19

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Application Deadline

09/30/20 Noon

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Geographic Focus

USA: Virginia: Loudoun County

COVID-19 Business Interruption Fund

Loudoun County Department of Economic Development

Agency: Local

GrantWatch ID #190120

Grant Description

Grants of $5,000 to Virginia businesses in eligible locations to mitigate the negative financial impacts of the Coronavirus (COVID-19) crisis. Funding is intended to support local small businesses that have incurred at least 25% losses in revenue due to the pandemic. Eligible applicants are located in Loudoun County.

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Eligibility:

Others (see text field entitled "Additional Eligibility Criteria" for clarification)

Additional Eligibility Criteria:

Businesses must be for-profit in order to be eligible for this fund.

For this round, only businesses that have not received CARES Act funding from the county or the town will be eligible

Round 5 applicants are required to demonstrate the following criteria:
- Have between zero and 100 W-2 employees (no limit on 1099 contractors);
- Have less than $5 million in gross annual receipts;
- Have been in operation prior to March 1, 2020;
- Have at least a 25% loss in revenue that can be attributed to COVID-19;
- Be a licensed and operational for-profit business in Loudoun County, Va.
- Applicants who have not received funding in any previous round of the County’s Business Interruption Fund (in the first, second, third or fourth rounds) or through a similar grant process offered by any of Loudoun’s incorporated towns will be given priority in receiving funding.

Pre-Application Information:

The open application window will be from noon on September 23 through noon on September 30.

Application process:
All submissions will be accepted based on the time stamp that the application was received. Once the application process closes on September 30, an internal review process will begin. Your application will be assigned to a member of the Loudoun County Government staff (or town government staff), who will call you between September 23-October 13 to confirm your information. Once all information is submitted and confirmed, all applications will be reviewed. All vetted eligible businesses will be placed into a pool for a random drawing of grant recipients, starting at 2 p.m. on October 23, until the funding has expired. All applicants will be contacted after the random drawing is complete to confirm that they received or did not receive the grants.

Additional Funding Information:

Estimated Total Program Funding:

$3,000,000

Number of Grants:

The fund will provide 400 randomly selected applicant businesses with a grant.

Estimated Size of Grant:

The fund will provide businesses with a $5,000 grant.

Contact Information:

For technical assistance, please contact loudounbiz@loudoun.gov.

Loudoun County - Dept. of Economic Development
43777 Central Station Drive Suite 300
Ashburn, VA 20147
Ph: (703) 777-0426
Toll-Free: (800) LOUDOUN
DED@loudoun.gov