Virginia 30 Day FundA partnership with the Virginia 30 Day Fund
Upon referral, an individual applies with United Way of Greater Charlottesville (UWGC), which serves as the program administrator and loan-maker. Approvals go to Virginia National Bank (VNB), which donates its loan administration process, and to Carter Myers Automotive (CMA), which sources affordable, reliable vehicles based on each family’s needs. Families also receive insurance referrals with agents who have agreed to work with the program.
We partnered with the Virginia 30 Day Fund to provide forgivable loans for Virginia-based small businesses and early education centers. The forgivable loan is intended to provide immediate financial assistance (within maximum three days) to meet payroll, preserve healthcare coverage for employees, and save jobs. So far, we have funded a total of 33 businesses.
There was no expectation that the funds disbursed by the Virginia 30 Day fund be repaid. Businesses who received the Fund’s assistance are given the option to, at a later date, “pay it forward” to another Virginia small business in need of assistance, by directing those dollars back to the Fund.
Learn more about the Virginia 30 Day fund and the impact that it’s had on small businesses around the commonwealth.