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U.S. SMALL BUSINESS ADMINISTRATION DECLARES VIRGINIA AS DISASTER AREA

The Commonwealth of Virginia is now officially listed and classified as an “eligible” area. We encourage Stafford County businesses interested in submitting an application for financing through the SBA’s Coronavirus (COVID-19) Disaster Assistance Program to begin completing the application.The number assigned to the state of Virginia for the emergency declaration is VA-00087. General guidance on the SBA Disaster Loan process can be found here.

 

 

Items Required for Applications:

 

  1. Loan application (SBA Form 5), completed and signed (this is electronic/online in the portal). To see what the form looks like, an example can be found here.

  2. Tax Information Authorization (IRS Form 4506-T), completed and signed by each applicant, each principal owning 20 percent or more of the applicant business, each general partner or managing member; and, for any owner who has more than 50 percent ownership in an affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management.

  3. Complete copies, including all schedules, of the most recently filed Federal income tax returns for the applicant business; an explanation if not available

  4. Personal Financial Statement (SBA Form 413) completed, signed, and dated by the applicant, each principal owning 20 percent or more of the applicant business, and each general partner or managing member

  5. Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used).

 

Your favorite Stafford restaurants, bistros, bakers, grocery stores, and other food services are still open during these challenging times. Many are serving via Pick-Up or Delivery, or both. Some are open for small groups as well. Some are offering special hours for seniors or First Responders. We continue to encourage all businesses and residents to call or check local establishment websites and social media for meal options. 

 

Our ED&T team is here to provide up to date information and resources during the COVID-19 (Coronavirus). Please continue to visit our Coronavirus Business Resource webpage as information and resources available to you are updating constantly. Lastly, if you have any questions, concerns, or opportunities during these challenging times, do not hesitate to contact us.

CLICK HERE FOR FEDERAL, STATE, AND LOCAL
CORONAVIRUS BUSINESS RESOURCES AVAILABLE
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Stafford County Department of Economic Development & Tourism

GoStaffordVA.com | 540-658-8681 | econdev@staffordcountyva.gov

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