By: Grayson T. Orsini

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 applicants are able to receive $10,000.00 to $35,000.00 in funding.

In order to qualify a business must show that it is a business that exports internationally and domestically, and have experienced a significant decline in working capital.

To do this, a business must show proof of a significant decline in sales. Norfolk has requested the following documentation:

  • Financials, including:
    •  2019 Profit & Loss Statement (Illustrated annually and monthly)
    • Current year to date profit and loss statement
  • Complete copy, including all schedules, of the most recent personal and business (if applicable), Federal income tax return for each principal owning 20% percent or more
  • Business Debt Schedule 
  • Personal Financial Statement of each principal owning 20% or more
  • Other Information may be requested

Businesses are encouraged to apply at

To see if you qualify, or if you need help putting together an application, feel free to contact any of the business attorneys at Wolcott Rivers Gates.