Virginia 30 Day Fund provides forgivable loans for Virginia-based small businesses. 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 while they await recently approved federal funding.
The Virginia 30 Day Fund is designed to be quick, easy, and free of red tape, as small business owners work to keep employees on board in the near term. All we ask in return: if you can, pay it forward.
To date, the partnership between the Virginia 30 Day Fund, the United Way of Greater Charlottesville has disbursed $36,000 to early education centers and minority-owned businesses in the form of twelve $3,000 grants.
Virginia businesses that qualify for assistance from the Fund are:
– For-profit small businesses that employ three to 30 people;
– Based in Virginia and have been operating for at least one year;
– Owned and operated by a Virginia resident.
The funds disbursed to small businesses by the Virginia 30 Day fund do not need to be repaid. If businesses who receive the Fund’s assistance do, at a later date, wish to “pay it forward” to another Virginia small business in need of assistance, they may do so by directing those dollars back to the Fund, which will disburse the funding to another Virginia business in need.