The Hampton Roads SBDC will try to strive to provide the most current and relevant information to help you make decisions during the outbreak out break. If you need additional information please feel free to contact us at: email@example.com.
Here are some links to some valuable sites that we hope help:
Visit Hampton Roads Chamber COVID Information Page Replay (from 3/18/20… minor audio issue at the beginning but it clears up)
Q&A on Claims Related to Coronavirus from the following site:
UNEMPLOYMENT INSURANCE PROCEDURES IN RESPONSE TO COVID-19
Q: When should I file a claim for unemployment compensation benefits?
A: You should file your claim on-line (**preferred method) through our Website at www.vec.virginia.gov> after you have been out of work at least 1 full day. If you do not have access to a computer, you can file your claim through our Customer Contact Center by calling 866-832-2363 Monday through Friday 8:15am – 4:30pm. Your claim will be effective Sunday of the week in which you submit your on-line application or file through our Customer Contact Center.
Q: My hours have been reduced. Can I apply for unemployment compensation benefits?
A: You can file due to a reduction in hours. If your gross earnings are less than your weekly benefit amount. Currently, the maximum weekly benefit amount in Virginia is $378.
Q: What happens after I complete my unemployment insurance application?
A: Once your claim is processed by the VEC, you will receive three important documents. The Benefit Rights document explains eligibility requirements and what you need to do each week to claim your benefits. The Monetary Determination document shows how much money you may be eligible to receive. You will also receive a PIN. You need the PIN to claim weekly benefits and to make inquiries about your claim.
Q: How much money will I qualify to receive?
A: Depending on your earnings, your benefit amount may range from a minimum of $60 per week for 12 weeks to a maximum of $378 a week for 26 weeks. (Refer to your Monetary Determination)
Q: How soon before I can expect a benefit payment?
A: Beginning with claims effective March 15, 2020, Governor Northam has directed that the one week waiting period and the requirement to conduct a weekly job search both be suspended for those receiving unemployment insurance benefits. If you are eligible for benefits, a payment should be processed shortly after you claim your first full week. You will need to refer to the Benefit Rights document for instructions on claiming weekly benefits.
Response to Covid-19 is rapidly changing from day to day across the Commonwealth and the Nation. Please check our Website regularly for updates on any changes that may occur in how claims are being processed in Virginia.
How do I communicate with my employees? My customers? My vendors?
We at the Loudoun SBDC have put together a quick sheet you can use to prepare your communications. It covers the What (what do I need to communicate), Who (who do I need to communicate with – customers, employees, vendors, etc.) and How (how do I need to communicate – email, social media, website post, etc.). You can use this sheet to plan your communication and also keep track of what you are communicating and to which audience.
When you communicate, make sure you convey the following:
Everyone is receiving numerous communications through email, social media, etc. so make sure to only communicate when you truly have something new to share.
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance. A Spanish-language version of the SBA website is also available at: https://www.sba.gov/espanol/. The Service Center is open 7 days a week from 7:00am to 9:00pm.
Yes! The Loudoun SBDC has coaches that can help you with loan package preparation. If you have questions about the process or need assistance in gathering information or filling out application forms contact us and we will get you connected with a coach as soon as possible. NOTE: All coaching through the SBDC Loudoun is free of charge.
Email us at email@example.com or call us at (703)466-0466 to learn more.
*we are experiencing a large number of requests due to the COVID-19 outbreak. We will get to your email or call as quickly as we can. We ask for you patience as we work to help everyone who needs assistance.
This video can also serve as a guide to walk you through the application process: https://www.youtube.com/watch?v=rws1QtuyW_g
Small businesses in Loudoun County are now eligible to apply for Federal Disaster Loans for economic damage. To begin the application process please use the link below:
A few things to keep in mind about these emergency loans:
In order to be prepared for the application process you will want to gather documentation in advance. You will also need to have access to a scanner so you can download, sign and upload documents needed for the application.
Please also note the following as you navigate the loan application process online:
The following is a list of some important documents you will need to have access to for the application process:
The following list of Federal forms will be required to apply:
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.
Loans are based on ability of business to repay through cash flow.
Low credit scores must have a justification such as medical circumstance.
Loans are based on 6-months of operating expenses.
Repayment is deferred for 1-year from the date funds are issued. (You will not owe a first payment for 1-year).