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March 23, 2020 | Other

Small Businesses and Nonprofits Bristol Herald Courier: Program to offer loans to help downtown Bristol businesses survive pandemic 5 Easy Tips for Maintaining Customers While You Are Closed (and maybe even make a little $$) Mancuso Entertainment: Take advantage of making social media content during the quarantine (Paid Resource). Should I Keep Marketing My Business During the Coronavirus? The Small Business Administration (SBA) to provide small businesses impacted by Coronavirus (COVID-19) with up to $2 …

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Online Events and Webinars

March 23, 2020 | Other

Take a look at the webinars hosted by community partners and state agencies scheduled over the coming days that you are invited to share with your businesses regarding COVID-19 and staying productive: Good Hiring Processes When You Are Hiring Online | March 31,  12:15 PM – 1:15 PM EST from the SBDC- Lynchburg Region  Register Here Understanding and Mitigating Supply Chain Risks Remotely | April 2,  12:15 PM – 1:15 PM EST from the SBDC- …

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Federal and State Resources

March 23, 2020 | Other

Federal  Resources SBA Disaster Loan information U.S. Small Business Administration Loan Application Documents for SBA Loan Listed Eligible States for SBA disaster Loans Unemployment Benefits Website by Department of Labor SBA resource for COVID-19 and small businesses Center for Disease Control and Prevention COVID 19 Site Resource for Veterans, Active Duty, Reserve, or National Guard Service Members who are experiencing financial difficulties related to the effects of the COVID-19 pandemic. State Programs and Resources Auto Repair and Maintenance Facilities deemed …

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Strengthening relationships with mission-focused organizations

March 6, 2020 | Impact Stories

Arlington Partnership for Affordable Housing (APAH) is a nonprofit affordable housing developer with a focus on both places and people. Founded in 1989 to meet the urgent housing needs in Arlington, they are committed to supporting low-income neighbors across the DC metro region. They offer more than 1,800 apartments and have more than 650 in development to become available within the next three years. As rents outpace income, APAH believes safe and affordable housing provides …

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Long-time sales leader purchases Birsch Industries

February 25, 2020 | Impact Stories

Borrower : J&L Hermes Supply, LLC Where : Virginia Beach, VA Loan Amount : $1.3 million; $200,000 line of credit Project Type : SBA 7(a) Loan   Opportunity After working for Birsch Industries for 23 years – including overseeing the day-to-day operations in the last year – Joshua Hermiz, along with his wife, Laura, wanted to buy the long-term successful business. Founded in 1964, Birsch Industries manufactures and distributes cleaning supplies and office products. The Birsch …

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Creative Invention of Hotel Greene indoor miniature golf course comes to life with SBA loan

February 19, 2020 | Impact Stories

Borrower : Hotel Greene and Greenleaf’s Pool Room Corp. Where : Richmond, VA Loan Amount : $400,000 Project Type : SBA 7(a) Loan Opportunity Updating a historic hotel for modern purposes requires a solid investment. And when you’re converting a portion of such a property – namely, the legendary Hotel John Marshall in Downtown Richmond – into a 13-hole indoor miniature golf course, you need to find an investor who shares your creative vision. The …

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A developer with a deposit to create more impactful development

February 7, 2020 | Impact Stories, In the News

Over more than two decades, Robin Miller has made a name for himself and his firm, Miller & Associates, as one of Virginia’s most prolific developers. Focusing on adaptive re-use of historic structures and infill in urban communities, Miller and his team are behind more than $100 million worth of prominent historic tax credit projects and new construction in Richmond’s Jackson Ward, Manchester, and Church Hill neighborhoods, along with properties in Petersburg and Staunton. So …

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New national investment pool names Richmond manager

January 29, 2020 | In the News

LOCUS Impact Investing has been named the program manager for the Community Investment Guarantee Pool, a group of ten philanthropic organizations across the United States and a large healthcare system serving as a catalyst for more than $150 million in new community investments in small businesses, climate and affordable housing. The first of its kind in the U.S., the project made a splash in national media, and even caught the attention of Forbes. Here are a …

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Construction Loan Will Renovate Affordable Housing in Courtland 

January 13, 2020 | Impact Stories

Borrower : Stevens Woods II Apartments Limited Partnership Where : Courtland, VA (Partnership based in Rockville, Md.) Loan Amount : Up to $1.75 million Project Type : Construction Loan, Low-Income Housing tax credit funding   Opportunity Providing affordable, up-to-date housing is essential in rural communities, such as Courtland, Va. located near the state’s southern border. Stevens Woods II is a well-managed and nearly fully occupied complex, with 10 percent of its rental units reserved for …

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Supporting the Byrd experience and the community it serves

January 7, 2020 | In the News

One of the most iconic buildings in Richmond is the Byrd Theatre, located in the heart of one of the city’s most admired neighborhoods, Carytown. “Virginia’s Grand Motion Picture Palace” was built in 1928, and recently celebrated its 90th birthday. Today, the theatre shows second-run movies, big-screen classics, and family friendly films and of course, the beloved anti-litter trailer shown before every one of them. The Byrd Theatre Foundation, owner of the theatre, was established in 2001 as …

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