Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
-
Learn More
- Relief Center
- Federal
- New York State
- NYC
- California
- Washington State
-
Other States
- Alabama
- Alaska
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- West Virginia
- Wisconsin
- Wyoming
- Charitable
- Relief Center
- Federal
- New York State
- NYC
- California
- Washington State
-
Other States
- Alabama
- Alaska
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- West Virginia
- Wisconsin
- Wyoming
- Charitable
Virginia
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on September 9, 2020.
For more up-to-date information on the relief programs available in Virginia, we recommend that you visit the Coronavirus (COVID-19) in Virginia portal, the Virginia Chamber of Commerce's State Resources list or the USDA's COVID-19 Waivers & Flexibilities for Virginia.
Description of Program and Relief
Richmond Small Business Disaster Loan Program
The Richmond Small Business Disaster Loan Program is offering interest-free emergency loans of up to $20,000 to small businesses in Richmond that have been affected by the COVID-19 pandemic. Loan proceeds can be used only for paying employees. The maximum loan amount is six months of current employee wages or $20,000, whichever is less. Loan payments will be disbursed over six months, and the repayment of the loans will be deferred for six months, followed by 48 months of interest-free payments.
Government or Lead Agency
Richmond Economic Development Authority
Dates Available
Application available April 6, 2020
Eligibility Requirements/Restrictions
Applicants must:
-
Be at least twenty-one (21) years of age and be a legal resident of the United States
-
Have a current business license to operate in the City of Richmond
-
Have a business that is currently open and operating in the City of Richmond (Note: If the applicant has multiple businesses or business locations, the loan proceeds must be used for the business(es) that are located in the City of Richmond)
-
Not have current recorded tax liens or judgements
-
Be current on all local taxes owed to the City of Richmond as of February 29, 2020
-
Have fewer than 25 full-time employees (Note: Full-time employee means an employee who works a minimum of 35 hours per week)
-
Have been in operation at least 2 years (24 months)
-
Provide a personal guarantee for repayment of the loan
-
Own at least 50% of the business for which they are applying for the loan
Application Deadlines (If Applicable)
N/A
Contact for More Information
Rick Winston, Economic Development Programs Administrator:
List of Additional Information
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.