Funding Options for Virginia Small Business Owners

Small Business Majority and the Virginia Department of Small Business & Supplier Diversity invite Virginia small business owners to tune in and learn about a new loan product available for businesses impacted by the COVID-19 pandemic.

A coalition of community-based small business leaders and organizations launched the 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 D.C.

Topics include:

• Overview of federal relief programs
• Overview of the program
• Overview of the application
• Steps you can take to prepare for the application process

Businesses from the following states are eligible to apply for the SOAR Fund: AL, AR, DE, FL, GA, LA, MD, MS, NC, OK, SC, TN, TX, VA, WV and Washington D.C.