Updated: Jun 2, 2020
Charlottesville, Va. — On Monday, April 6, 2020, Virginia tech entrepreneur Pete Snyder and his wife, Burson, launched the Virginia 30 Day Fund to help small businesses who have been impacted by the COVID-19 crisis in the Commonwealth.
The goal of Virginia 30 Day Fund is to save as many Virginia jobs as possible, while small business owners await recently approved federal funds from the SBA. To qualify for the fund the small business must be owned and operated by a Virginia resident, employed three to 30 people, based in Virginia, and have been in operation for at least a year.
Each approved small business could receive up to $3,000 to help meet payroll, avoid layoffs, and provide health-care coverage for workers. Recipients of the Virginia 30 Day fund do not have to repay the fund. But if they choose to pay it forward at a later date, they could by donating back to the fund to help other businesses in need.
The reviewing process is being conducted by MBAs from the University of Virginia's Darden School of Business and some of the top business minds from the U.S. Chamber of Commerce, who are volunteering their time to support this cause.
To learn more about the Fund and how to apply, visit va30dayfund.com.
If you are interested in supporting the Fund, click here.
About Virginia 30 Day Fund
The nonprofit Virginia 30 Day Fund was launched by Virginia technology entrepreneur Pete Snyder and his wife, Burson. The Fund provides forgivable loans for Virginia-based small businesses. The forgivable loan is intended to provide immediate financial assistance (within maximum three days) to meet payroll, preserve healthcare coverage for employees and save jobs while they await recently approved federal funding.