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  • Writer's pictureFCRHA

More Small Businesses Now Eligible to Apply for REBUILD! VA Grants

Small businesses and non-profits are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. Many have struggled to pay employee salaries, mortgage payment, rent, etc. The Rebuild! VA Grant Fund, a state-funded, $70 million economic recovery program, was launched in August to assist small businesses and non-profits with COVID-19 related expenses. The program has now expanded its scope to allow more small businesses and non-profits to apply for grants of up to $10,000 – even if they have previously received loans or grant funding (from both federal and local funding programs – including Fairfax County RISE grants or microloans). Grant decisions will be made on a first come-first served basis.

What can funds be used for?

  • Payroll support, including paid sick, medical, or family leave, and costs related to the continuation of group health care benefits during those periods of leave

  • Employee salaries

  • Mortgage payments, rent, and utilities

  • Principal and interest payments for any business loans from national or state-chartered banking, savings and loan institutions, or credit unions, that were incurred before or during the emergency

  • Eligible personal protective equipment, cleaning and disinfecting materials, or other working capital needed to address COVID-19 response

Who can apply?

Businesses and Non-profits that:

  • Have their principal place of business is in Virginia

  • Have 25 employees or less

  • Had a gross revenue of less than $1.5 million in the last fiscal year

  • Were in operation prior to March 12, 2020

  • Are currently in good standing with the Virginia State Corporation Commission

  • That are engaged in legal activity

Grant applications are available online. Visit the REBUILD! VA website. Additional information on other programs for businesses and non-profits can be found on the Fairfax County COVID-19 Business Recovery website.

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