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Norfolk Supply Chain Emergency Grant Funding
May 15, 2020
In response to the COVID-19 Pandemic, City of Norfolk Economic Development has introduced a business loan product to help business impacted by inventory and supply chain disruptions and are in danger of ceasing business operations. Successful...
Read MoreVirginia Beach Emergency Grants
May 15, 2020
In response to the COVID-19 outbreak and Governor Northam’s order to close businesses, The Virginia Beach City Council has voted to allow economic development funds from the Virginia Beach Development Authority to be used for emergency grants....
Read MoreHand Sanitizer: A Potential Tax Break for Breweries and Distilleries
April 20, 2020
In response to the COVID-19 pandemic, breweries and distilleries are beginning to make WHO-approved hand sanitizer from ethanol, a type of alcohol already used in the distilling process. To support these efforts, Congress included special tax...
Read MoreThe CARES Act: Critical Information for Lenders
April 10, 2020
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security, or “CARES” Act. The CARES Act is the largest economic stimulus package in U.S. history. Of note is the “Paycheck Protection Program” (or PPP), the...
Read MoreThe CARES Act and The SBA 7(a) Loan Program: What Business Borrowers Need to Know
April 08, 2020
On March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security, or “CARES” Act. One of the key protections under the CARES Act is the Paycheck Protection Program (or PPP)- a $349 billion dollar expansion of Small Business...
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