Are you a Fairfax County business owner and want to know more about the County’s microloan program? Now is the chance to learn more and ask questions!
Community Business Partnership is hosting two webinars to provide information you need to successfully apply for the Fairfax County Small Business Microloan Program. Loan applications become available April 28. Now is the time to prepare and ask questions.
Attend an informational webinar:
Loan Overview
- Maximum loan amounts of up to $20,000 with a term of up to 6 years
- Loan payment deferred for the first six (6) months and the loan will be amortized for 5.5 years (or 66 months)
- Interest rate is 0%
- Collateral will be in the form of a personal guaranty and UCC Lien on business assets
- Mentoring and counseling by a Fairfax County recognized small business counseling program will be required as part of the loan package.
