Below are the ways LISC is providing assistance to the small business community.
LISC Small Business Relief Grants
Small businesses across the country are confronting extreme economic challenges as a result of the COVID-19 pandemic. Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs, and economic instability.
Thanks to support from a variety of funders, we are providing grants to small businesses, to help them keep functioning and remain vital facets of their local economies through this challenging period.
The application period for round 5 is now open. Before applying, please review the grant information and FAQ here.
Applications must be submitted by Monday, August 3rd at 11:59 p.m. EST.
Please contact SmallBusinessGrants@lisc.org with any additional questions.
SBA Paycheck Protection Program
The SBA Paycheck Protection Program is designed to keep your workers on payroll and your doors open. The program provides access to low interest and partially to fully forgivable loans to small business owners and nonprofit organizations with no personal guarantee or collateral required. Funds may be used to help pay business payroll, utilities, and other operating expenses during the Covid-19 outbreak.
Below is a list of common resources to help you with your Payment Protection Program loan request:
For any questions, email us at firstname.lastname@example.org.
SBA Economic Injury Disaster Loan Emergency Advance
The SBA’s Economic Injury Disaster Loan advance provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the Covid-19 pandemic. Loan advances of up to $10,000 are available to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
- Businesses with no more than 500 employees (including sole proprietorships, independent contractors and self-employed persons, nonprofit organizations, or veterans organizations) OR
- Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards
How to Apply
Applications for a COVID-19 Economic Injury Disaster Loan advance are directly through the SBA and are available online.
Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.
Small Business Resources
With support from Sam’s Club, LISC compiled funding opportunities and resources that may be helpful to small businesses. This guide contains select resources, organized by state.
Veterans Business Outreach Center
Virginia Procurement Technical Assistance Program
Virginia Small Business Development Centers
Women’s Business Center
Economic Injury Disaster Advance Loan
Payroll Protection Plan
For EIDL applications or updates, please contact the Office of Disaster Assistance.
Disaster Assistance (EIDL)
Hours of Operation: 24/7