General Information
Business resources for early education providers addressing COVID-19
COVID-19 HELP
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Disaster Recover: Loans & Grants
Business resources for early education providers addressing COVID-19
SBA Economic Injury Disaster Loan (EIDL)
- ReOpen for Eligible Businesses Press Release
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As of 6/15/2020EIDL
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Virginia SBDC Network COVID-19 Assistance -
US Small Business Administration Website -
SBA Economic Injury Disaster Loan (EIDL) Program -
SBA Clarification for Faith-Based Oranizations
Paycheck Protection Program (PPP)
- PPP Funds still available
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Closes: 6/30/2020
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PPP Fact Sheet -
PPP Memo -
PPP Borrower Application -
Virginia 7A SBA Lenders List -
PPP Flexibilitly Act -
New EZ and Revised Full Forgiveness Applications News Release -
As of 6/17/2020 -
Revised Full Forgiveness Application -
New EZ Forgiveness Application for eligible borrowers -
Fewer calculations -
Less documenttion -
Applies to eligible borrowers that: -
Are self-employed w/no employees; OR -
Did not reduce the salaries or employee wages more than 25%, and did not reduce employee number or hours; OR -
Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce employee salaries or wages more than 25%.
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Other Loans
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Loans up to $150,000 for centers and $10,000 for Family Day Homes: Information (Brochure) -
Available to licensed/religious exempt centers and licensed/voluntarily registered family day homes -
Funds must be spent on tangible business items -
Interest rates reduced to 0%, 6 months deferment -
Application fee is waived
Recent Updates
PPP Flexibilitly Act
-
As of 6/17/2020 -
New EZ and Revised Full Forgiveness Applications News Release -
Revised Full Forgiveness Application -
New EZ Forgiveness Application for eligible borrowers -
Fewer calculations -
Less documenttion -
Applies to eligible borrowers that: -
Are self-employed w/no employees; OR -
Did not reduce the salaries or employee wages more than 25%, and did not reduce employee number or hours; OR -
Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce employee salaries or wages more than 25%.
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Closes: 6/30/2020 -
See PPP section below for more information
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As of 6/15/2020 -
EIDL ReOpen for Eligible Businesses Press Release
Other Grants
United Way Grant Opportunity
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The purpose of the RFP is to support agencies with adapting and responding to the health and well-being of people who are impacted by the COVID-19 pandemic -
Request for Proposal
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Specifically for small businesses and enterprises affected by COVID-19 to cover paying rent and utilities, meeting payroll, paying outstanding debt to vendors, upgrading technology infrastructure and other immediate operational costs. -
Priority given to qualified businesses in. underserved communitites, including entrepreneurs of color, women and veteran owned businesses that often lack access to flexible, affordable capital. -
More Information
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Resource Site -
$5,000 Grants to Small Employers
Tips for Applying for Loans
Be prepared to apply for the next round of stimulus loans by gathering these documents now. Each lender will differ in their requirements but these are the most common.
- Tax Returns
- Business Bank Account Statement
- Use a separate Business Bank Account
- Set up a Business Bank Account if you don't already have one
- Establish a banking relationship
- Payroll Cost Reports (Payroll Company)
- Balance Sheet
- Profit & Loss Report
- EIN (Form SS4)
- W9
- VA W9
How to Apply for Forgivable SBA Loans (FDH)
Webinar by Tom Copeland
Geared for Family Child Care Providers
Navigating
the New Normal
STEP 1:
Financial Forecasting
Financial Forecasting Worksheet
STEP 2:
Strategic Planning
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Guideline Changes
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Customer Needs
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Enrollment Changes
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Staffing Needs
STEP 3:
Back to the Basics:
A Strong Foundation to
re-build on
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Operations Management
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Financial Management
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Marketing Strategies
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HR Management
STEP 4:
Automate &
