A Charlottesville-area businessman has begun a private campaign to save small businesses struggling to survive while a statewide stay-at-home order keeps the economy shut down through the beginning of June.
Pete Snyder, a capital entrepreneur who has started and run several small businesses, opened “The Virginia 30 Day Fund” this week. It offers $3,000 forgivable loans to businesses in an effort to keep them alive throughout the economic crisis spurred by the Wuhan coronavirus pandemic. Qualifying small businesses can apply for the loans here.
Snyder said the idea came as he and his wife watched the devastation unfold in the economy. They learned many small businesses would be unable to wait the three- to four-week “Death Valley” period for government assistance to arrive. Small businesses need help now.
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