Provided below is a compilation of resources and information for Waynesboro businesses in relation to the COVID-19 pandemic. This page is updated regularly, check back frequently for updates! This page was last updated 7/29/2020.
Local Grant/Loan Resources
Staunton Creative Community Fund – In response to the COVID-19 health crisis, Farmers & Merchants (F&M) Bank is partnering with the Staunton Creative Community Fund (SCCF) to establish a $25,000 loan fund to benefit entrepreneurs and small businesses in Staunton, Waynesboro, and Augusta County. Funds for the Disaster Relief Loan and Loan Forgiveness Program will be provided by F&M and managed by SCCF, a local non-profit organization that supports small business in the Shenandoah Valley through microlending, technical assistance, and education.
Loans offered through this program will be 0% interest with a term of up to 3 years, and amounts ranging from $1000 to $5000. For each principal payment that is made, those dollars will be matched 1:1 so a borrower receives 50% loan forgiveness. Learn more
Community Foundation of Central Blue Ridge COVID-19 Local Response Fund – The fund will provide resources directly to charitable organizations supporting the residents of Staunton, Waynesboro, and the counties of Augusta, Highland, and Nelson impacted by COVID-19 and the economic consequences of this pandemic. Guiding the distribution of resources will be a partnership consisting of the Community Foundation, United Way, Augusta Health, CAPSAW, officials from Staunton, Waynesboro, and Augusta County, business leaders, and others.
CAPSAW has been allocated supplemental Community Services Block Grant (CSBG) funding to address COVID-19 related needs through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. All funds are for services to individuals and families at or below 200% of the Federal Poverty Line residing in Staunton, Augusta County, or Waynesboro. All proposals must be received, via email@example.com by 5pm on the first Friday of each month. Proposals will be reviewed until funding has been allocated. Please direct any and all questions to Anna Leavitt (firstname.lastname@example.org).
Virginia 30 Day Fund – A nonprofit launched by Virginia technology entrepreneur Pete Snyder and his wife, Burson. The Fund’s goal is to help save as many Virginia jobs as possible while small businesses await recently approved federal funding. The funds dispersed to small businesses by the Virginia 30 Day fund do not need to be repaid.
The Secretary of Commerce and Trade has created a compilation of resources and information for Virginia businesses in relation to the novel coronavirus (COVID-19) outbreak. Financial support options are detailed by business size and specific resources can be searched by industry type. This page will be updated as more information becomes available.
As a result of the Coronavirus Aid, Relief & Economic Security (CARES) Act, the Federal Reserve has created the Main Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses. While the program’s start date has yet to be announced, here’s a guidebook produced by the US Chamber of Commerce and a program overview and FAQ by the Federal Reserve.
U.S. Dept. of Agriculture (USDA) Business & Industry Loan Guarantees Program – This program partners with banks to provide loans to businesses for expansion, purchase of real estate and real estate developments, purchase of machinery & equipment, debt refinancing and term working capital. With the assistance of the B&I loan guarantee, banks can provide better rates and terms leading to improved cash flow for the business and reduced risk for the bank. Loan guarantees can range from $250,000 up to $10,000,000. Business previously assisted include grocery stores, manufacturers, sawmills, convenience stores/gas stations, hotels, nursing home and assisted living facilities. Speak to a Business Programs Specialist before attempting to fill out any forms or applications. This will save you valuable time in the process. Contact your local USDA Rural Development office for more information.
Paycheck Protection Program(PPP) – The PPP is specifically designed to help small businesses keep their workforce employed. The Small Business Administration resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 after additional funding was approved. The loan program is available retroactive from February 15, 2020, so employers can rehire their recently laid-off employees through June 30, 2020. The program will help small businesses with their payroll and other business operating expenses. It will provide critical capital to businesses without collateral requirements, personal guarantees, or SBA fees – all with a 100% guarantee from SBA. All loan payments will be deferred for six months. Most importantly, the SBA will forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest.
To learn more about the PPP loan forgiveness eligibility and process, visit the VCC website.
Economic Injury Disaster Loans (EIDL) and Loan Advance – The SBA’s Economic Injury Disaster Loan (EIDL) program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
Entities eligible to apply for EIDL may request an advance in the form of an emergency grant of up to $10,000.
Here is a power point presentation to aid you in completing the application.
Assistance With Applying: Contact your local Small Business Development Center (SBDC) for assistance with applying for the Economic Injury Loan Disaster (EILD).
Disaster Office Hours of Operation
1‐800‐659‐2955-Disaster Assistance (EILD)
Saturday & Sunday 9am-5pm
SBA Virginia Richmond District Office
Saturday & Sunday 8am-5pm
Free Counseling Assistance: Free assistance with reconstructing financial records, preparing financial statements and submitting the loan application is available from SBA’s partners: Small Business Development Centers (SBDCs) and SCORE. Request a virtual appointment at vasbdc or score.org.
SCORE hosts free, LIVE webinars every week on small business tips and strategies.
The HartBeat of Main Street Grant Program – The HartBeat of Main Street Grant Program will fund solutions that help small business owners respond and adapt to the COVID-19 pandemic, and also help to revitalize and strengthen older and historic downtown commercial districts. Grants of $5,000 to $15,000 will be awarded on a competitive and first-come, first-served basis. A minimum of 50 percent of grants will benefit diverse-owned businesses. Learn more and apply.
FedEx has committed to provide $1 million in grants for small businesses in the U.S. Whether you’re making the move to selling and shipping online or you’re ramping up your safety and cleanliness measures to keep customers and employees safe, they want to help you keep moving forward. Each grant recipient will receive $5,000, plus a $500 credit from FedEx Office that can be used for printing banners, posters, floor graphics, custom branded boxes, and more. Learn more and apply.
Support for Impacted/Unemployed Workers
Virginia Career Works – Shenandoah Valley centers in Fishersville, Harrisonburg and Winchester are currently closed to the public, until further notice, due to the COVID-19 (Coronavirus) pandemic. VCW staff are operating remotely to continue providing services. We now have a Live Chat feature on our website where you can connect directly with a Virginia Career Works – Shenandoah Valley representative between the hours of 9am–3pm Monday-Friday. You may also contact VCW staff by phone. Click here for VCW Valley Center Staff contacts.
If you are a worker who has been totally or partially separated from your job due to COVID-19, go to www.vec.virginia.gov/unemployed to file a claim for unemployment insurance. You can also call 1-866-832-2363, Monday-Friday 8:30am-5pm.
Virginia Career Works – New River Mount Rogers Region COMMUNITY AWARENESS PODCAST. Learn how to file for unemployment insurance when offices are closed, how to determine if you are eligible for unemployment insurance, what’s next, and the changes that have been made due to the COVID-19 pandemic. Link to hear the podcast: How to Apply for Unemployment Insurance during the Covid-19 Pandemic
Governor Ralph Northam’s Office has launched new resources to protect Virginians from eviction and support individuals who have lost their job or income due to COVID-19. These tools include StayHomeVirginia.com, a new website to help Virginians navigate housing programs, services, and resources. The website offers guidance on working with landlords, financial institutions, and other organizations to use eviction and foreclosure protections during this health crisis. Resources include relief for private mortgage holders, multifamily complexes, and tenants affected by the COVID-19 pandemic.