COVID-19/Coronavirus Business Assistance

Please note – For your safety & the safety of our employees the City of Roanoke Department of Economic Development will operate by appointment only at this time.  Please call us at 540-853-2715 or email econdevl@roanokeva.gov with details of how we can assist you & the appropriate Economic Development Specialist will contact you.

COVID-19 has affected our local businesses and we want to help in any way we can.  Below is a listing of links to help you navigate through this global pandemic.  

Paycheck Protection Program   

The Paycheck Protection Program provides loans for payroll expenses if businesses under 500 employees retain their workers, and the program has been extended until March 31, 2021.  The Small Business Administration (SBA) will forgive loans if all employees remain on the payroll for eight weeks and the loan is used for payroll, rent, mortgage interest, or utilities.  If employees have already been terminated, business owners can apply for a loan if the employees are rehired.  Loan payments are deferred at least six months and up to one year.  Applications requesting loan forgiveness can be submitted eight weeks after loan approval.  Loans are available through any existing SBA 7(a) lender or through any participating federally insured depository institution, federally insured credit union, Farm Credit System institution, and other regulated lenders enrolled in the program.    Find a Participating Lender

Paycheck Protection Program in Different Languages

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Fact Sheets and Documents for Businesses