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

Dial 610029876@gmu.webex.com

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