Leesburg To Offer Financial Relief To Struggling Businesses

LEESBURG, VA — The town of Leesburg is launching a grant program to provide a boost to local businesses facing financial hardship from the coronavirus crisis. More than $3 million, provided through the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, has been dedicated to fund the Leesburg Business Infusion Grant Program.

Eligible businesses can submit an online application starting at midnight on July 6. The application portal will remain opened until 11:59 p.m. on July 13. The Leesburg Town Council approved the Leesburg Business Infusion grant fund on June 9.

Businesses must meet a number of criteria, including operating in the town of Leesburg before March 1 and being in good standing on all tax payments and related business licenses.

The funds can be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business. The grants cannot be used to replace lost revenue, the town said.

The Leesburg Business Infusion program is offering two funding tiers:

• Businesses with 2019 annual gross revenue between $25,000 and $100,000 are eligible to apply for a $2,500 grant, with approximately 200 grants available.
• Businesses with 2019 annual gross revenue between $100,001 and $1,000,000 are eligible to apply for a $5,000 grant, with approximately 505 grants available.

Anyone with questions about the grant program should contact town staff at businessinfusion@leesburgva.gov or 703-771-6676.