CARES Act
Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. In March 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses.
CARES Act Funding Options
In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.
Paycheck Protection Program
This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
EIDL
This loan will provide economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue.
SBA Express Bridge Loans
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
SBA Debt Relief
The Small Business Administration is providing a financial reprieve to small businesses during the COVID-19 pandemic.
Other Resources
US Small Business Administration
Small Business Administration's District Offices
Veteran Business Outreach Centers
Procurement Technical Assistance Centers
Small Business Development Centers
Women's Business Centers
SCORE Business Mentors
SBA Learning Center
For More Information:strong>Office of Veterans Business Development
202-205-6773
www.sba.gov/vets
Virginia Department of Business Assistance
1220 Bank Street, Jefferson Building, 2nd Floor
Richmond, VA, 23219
Phone: (804) 371-0488
Email: Kathryn.Dolan@vdba.virginia.gov
Kathy Dolan - Business Services Manager
For More Information:
Office of Veterans Business Development
202-205-6773
www.sba.gov/vets
Norfolk Department of Development
550 East Main Street, Ste. 1500
Norfolk, VA, 23510
Phone: (757) 664-4338
Email: meisha.holmes@norfolk.gov
Meisha Holmes - Special Districts
Portsmouth Virginia Department of Economic Development
200 High Street, Ste. 200
Portsmouth, VA, 23704
Phone: (757) 393-8804
Toi Wilson - Development Analyst
Newport News Economic Development Authority
2400 Washington Avenue, 3rd Floor
Newport News, VA, 23607
Phone: (757) 926-3793
Tricia Wilson - Business Development Specialist
Hampton Economic Development
One Franklin Street, Suite 600
Hampton, VA, 23669
Phone: (757) 728-5173
Pam Croom - Business Assistance Coordinator
Virginia Beach Economic Development
222 Central Park Avenue, Suite 1000
Virginia Beach, VA, 23462
Phone: (757) 385-6453
Tammy Owens - SWAM Business Development Manager
Chesapeake Department of Economic Development
676 Independence Parkway, Suite 200
Chesapeake, VA, 23320
Phone: (757) 382-8040
Von Gilbreath - Senior Business Development Manager
Suffolk Department of Economic Development
440 Market Street
Suffolk, VA, 23434
Phone: (757) 514-4049
Deana Holt - Economic Development Manager
For More Information:
Office of Veterans Business Development
202-205-6773
www.sba.gov/vets
Monthly Cash-Flow
SBAForm1100MonthlyCashflowWorksheet61909.xls
Cash-flow Projection
Business Plan Outline
Monthly Cash Flow Spreadsheet
Outside programs offered by SBA and VA approved resources
US Small Business Administration
Small Business Administration's District Offices
Veteran Business Outreach Centers
Procurement Technical Assistance Centers
Small Business Development Centers
Women's Business Centers
SCORE Business Mentors
SBA Learning Center
For More Information:strong>Office of Veterans Business Development
202-205-6773
www.sba.gov/vets
Virginia Department of Business Assistance
1220 Bank Street, Jefferson Building, 2nd Floor
Richmond, VA, 23219
Phone: (804) 371-0488
Email: Kathryn.Dolan@vdba.virginia.gov
Kathy Dolan - Business Services Manager
For More Information:
Office of Veterans Business Development
202-205-6773
www.sba.gov/vets
Norfolk Department of Development
550 East Main Street, Ste. 1500
Norfolk, VA, 23510
Phone: (757) 664-4338
Email: meisha.holmes@norfolk.gov
Meisha Holmes - Special Districts
Portsmouth Virginia Department of Economic Development
200 High Street, Ste. 200
Portsmouth, VA, 23704
Phone: (757) 393-8804
Toi Wilson - Development Analyst
Newport News Economic Development Authority
2400 Washington Avenue, 3rd Floor
Newport News, VA, 23607
Phone: (757) 926-3793
Tricia Wilson - Business Development Specialist
Hampton Economic Development
One Franklin Street, Suite 600
Hampton, VA, 23669
Phone: (757) 728-5173
Pam Croom - Business Assistance Coordinator
Virginia Beach Economic Development
222 Central Park Avenue, Suite 1000
Virginia Beach, VA, 23462
Phone: (757) 385-6453
Tammy Owens - SWAM Business Development Manager
Chesapeake Department of Economic Development
676 Independence Parkway, Suite 200
Chesapeake, VA, 23320
Phone: (757) 382-8040
Von Gilbreath - Senior Business Development Manager
Suffolk Department of Economic Development
440 Market Street
Suffolk, VA, 23434
Phone: (757) 514-4049
Deana Holt - Economic Development Manager
For More Information:
Office of Veterans Business Development
202-205-6773
www.sba.gov/vets
Monthly Cash-Flow
SBAForm1100MonthlyCashflowWorksheet61909.xls
Cash-flow Projection
Business Plan Outline
Monthly Cash Flow Spreadsheet
Outside programs offered by SBA and VA approved resources
