Webinar: Applying for the Fairfax County Microloan Program
The Fairfax County Small Business Microloan Program will official start taking applications on 4/28/20. CBP will be the administrator of this loan.
You can be added to the email list to receive the application (CLICK HERE) when the program officially opens on 4/28/20. For eligibility requirements (CLICK HERE).
If you are a new client to CBP or you have never been to CBP before, let’s get you set-up as a client. If you have a Fairfax County based business, click on one of the following to get set-up:
- Less than 2 years in business (WBC): https://wbcnova.centerdynamics.com/reg.aspx?mode=counsel¢er=65010&subloc=0
- More than 2 years in business (SBDC): https://clients.virginiasbdc.org/reg.aspx?mode=counsel¢er=46114&subloc=0
Who can apply?
- This program is only available for Fairfax County FOR PROFIT Businesses with less than 50 employees
- Home based businesses and non-profits are not eligible
Loan Details:
- Amount: Maximum $20,000 per entity
- Term: 6 years
- Payment Deferment Period: Borrowers will have 6 months of payment deferment from the date of loan closing
- Amortization: 5.5 years (because of the payment deferment)
- Interest rate: 0%
Required Documents:
- Business & Personal Tax Returns for the previous two years
- YTD Income Statement & Balance Sheet
- CBP Loan Application (will be provided)
- Personal Financial Statement (will be provided)
- Current Business Debt Schedule (will be provided)
- Current Fairfax County BPOL license & Non-Residential Use/Occupancy Permit
- Current Commercial Business Lease (if applicable)
- Business Summary Form (will be provided)
- Other documents might be requested
To help guide you through the Fairfax County Microloan, please register for a Q&A session below:
Schedule to Register for a Q&A session – Fairfax County Microloan Program
WebEx Sessions click on the date:
VISIT WWW.CBPONLINE.ORG TO REGISTER
- Tuesday: 04/21 3pm-4pm
- Friday: 04/24 1pm-2pm
- Monday: 04/27 2pm-3pm
Monday, Apr 27, 2020 2:00 pm | 1 hour | (UTC-04:00) Eastern Time (US & Canada)
Meeting number: 610 029 876
Password: cbp1234
CLICK HERE TO JOIN THE WEBINAR
Join by video system
You can also dial 173.243.2.68 and enter your meeting number.
Join by phone
+1-415-655-0003 US Toll
+1-202-860-2110 United States Toll (Washington D.C.)
Access code: 610 029 876
April, 28
6:00am - 7:00am
