Fairfax County Microloan Program Opens Today

Dear WANADA Members,

Beginning today, qualifying Fairfax County-based small businesses can apply for a zero-interest loan of up to $20,000 through the county's Small Business COVID-19 Recovery Fund. You can access the online form at this link.

According to the county's Community Business Partnership, which is overseeing the program, for-profit small businesses based in the county, with fewer than 50 employees across all locations, can receive loans with very favorable repayment terms. They will also be required to complete a short intake consultation with CBP officials before receiving the funds.

All payments are deferred for six months, and can be paid back in full over as long as six years.

For more information on the program, including additional qualification provisions and details on how to apply,  please click here. And as always, please feel free to visit WANADA's COVID-19 Information Library for details on more resources available to businesses impacted by this health crisis.

Sincerely,
  
John O'Donnell
WANADA President and CEO