News Flash Home
The original item was published from 8/19/2020 4:48:00 PM to 9/16/2020 4:09:00 PM.

News Flash

Danville, VA Local Government News and Announcements

Posted on: March 20, 2020

[ARCHIVED] Small businesses can apply for coronavirus loans

Exterior photo of Municipal Building

Mayor Alonzo Jones today praised state and federal officials for providing small businesses with financial assistance in the wake of the economic disruption caused by the coronavirus.

Gov. Ralph Northam announced Thursday that Virginia small businesses could begin applying for low-interest loans of up to $2 million from a U.S. Small Business Administration fund aimed at helping companies pay their bills and continue operating during the coronavirus (COVID-19) crisis.

“We appreciate and support the governor’s efforts and the quick response of federal officials to help small businesses weather this crisis,” Jones said. “We encourage the Danville businesses that are experiencing hardship due to the coronavirus outbreak to apply.”

This assistance is being provided through the SBA’s Economic Injury Disaster Loan program following a request by Northam on Wednesday. The loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster.

The interest rate is 3.75% for small businesses, and 2.75% for nonprofits, according to the agency. The loans can also be repaid over a period of up to 30 years.

 Businesses can apply for disaster loans here.

Facebook Twitter Email

Other News in Danville, VA Local Government News and Announcements

Casino generates $19.6 million in August

Posted on: September 21, 2023

City awards grants to 29 small businesses

Posted on: September 20, 2023
Fall 2023 IDDU Graduation

Police Department honors IDDU graduates

Posted on: September 19, 2023
VACP Valor Award

Five officers receive VACP Valor Award

Posted on: September 13, 2023

City receives grant for Oak Hill cemetery

Posted on: September 12, 2023
Chris Wiles

City manager names interim police chief

Posted on: September 12, 2023

Regional housing summit registration opens

Posted on: September 12, 2023
Mayor delivers keynote address.

Mayor speaks at 9/11 commemoration

Posted on: September 11, 2023

City to hold ceremony at Oak Hill cemetery

Posted on: September 7, 2023

Project Imagine partners with CIS program

Posted on: September 6, 2023

Life Saving Crew to host 9/11 ceremony

Posted on: August 28, 2023
map - Memorial Drive resurfacing

Memorial Drive resurfacing scheduled

Posted on: August 28, 2023

Health data published through dashboard

Posted on: August 23, 2023

Housing Extravaganza set for Saturday

Posted on: August 23, 2023
Curtis Artis, Shakeva Frazier

Project Imagine staff members honored

Posted on: August 17, 2023
K.N. Kuper

First female added to Police SWAT team

Posted on: August 14, 2023