CVSBDC updates: Funding, resources, webinars
PPP deadline has been extended to May 31st. Need assistance or want to discuss it? Contact our office for our always free advising services.
Restaurant Revitalization Fund:
A senior official with the SBA yesterday announced during a Senate committee hearing that the agency is planning to roll out the portal in "early April". He further stated that the agency is working on developing a technology solution that incorporates automated review processes to speed up the grant approving process. One example of this effort is that the SBA is working with point-of-sale vendors to provide relevant sales data used to calculate the amount of revenues lost from 2019 to 2020.
It is strongly advised that eligible entity applicants apply for a DUNS number and register with SAM as soon as possible to ensure you can apply when the portal permits you to do so. The fund will likely run out of money quickly.
The SBA announced earlier this evening the following changes to the EIDL program. This pertains to loans and not the first advance.
Effective April 6th, the maximum EIDL will increase to $500,0000.
For all borrowers that received $150,000, although they were eligible for a larger amount, will be contacted by the SBA directly on how to request an increase.
EIDL borrowers will have 2 years after the date of their loan to request an increase.
If you know of companies that need assistance that want to apply for an increase in their EIDL, please send them our way for assistance.
Virginia SBDC Recent Webinars related to Funding:
Shuttered Venue Operators Grant
Restaurant Revitalization Fund
Southern Opportunity and Resilience (SOAR) Fund.
SOAR is a new program built to support small businesses in the South and Southeast as they adapt, reopen safely and recover from COVID-19.
The loan fund will make affordable loans to businesses with 50 employees or fewer through community lenders across 15 states and Washington DC. Applications will be accepted starting in the coming weeks. Explore opportunity here.
Charlottesville Angel Network (CAN) and Virginia Small Business Development Center (VSBDC) are offering pitch practice with accredited angel investors for Virginia's early-stage innovative entrepreneurs. There is no cost to participate and presenter(s) will leave with actionable feedback from angel investors.
**This is not an application for funding or a formal presentation to request investment.**
First session: April 29th. Visit our calendar to apply.
The CV SBDC team of technical experts, in collaboration with Albemarle County and the City of Charlottesville, are facilitating the build of 24 websites to provide digital resiliency to companies suffering due to the pandemic. Website development will be at no cost to the business owner and some spots reserved for veteran, minority or women-owned businesses.
Keep and eye out for multi-county announcement once we hire another experienced WordPress Developer:https://cvsbdc.org/jobs/.
Managing Your WordPress Website
April 1, noon - 1pm
Want to know the basics of managing your own site?
Learn user management, page creation, uploading...and more!
Marketing & Social
April 6, 9 - 10am (w/1v1's offered in Orange County afterwards)
Join us on either day and learn about developing a strategy for more effective online marketing.
Grow with Google Webinars
The CVSBDC, in collaboration with Central Virginia and Williamsburg SCORE and the Advancement Foundation, will host a series of workshops presented by Google. Join us for one, or better yet, for all!
March 31 | Make Your Website Work for You | 10 AM EST | Register
April 13 | Reach Customers Online with Google | 1 PM EST | Register
May 11 | Get Your Business on Google Search & Maps | 9:30 AM EST | Register
May 26 | Using YouTube to Grow Your Business | 12:00 PM EST | Register