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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...

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Virginia 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....

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Hand 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...

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The 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...

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The 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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