30 Day Fund Information

The Virginia 30 Day Fund provides forgivable loans for Virginia-based small businesses. The forgivable loan is intended to provide immediate financial assistance to meet payroll, preserve healthcare coverage for employees and save jobs. We are Virginians helping Virginians. The COVID-19 crisis has put millions of small business jobs at risk impacting millions of families across our Commonwealth. The nonprofit Virginia 30 Day Fund was launched by Virginia technology entrepreneur Pete Snyder and his wife, Burson. Working with other business leaders throughout the Commonwealth, the Fund’s goal is to help save as many Virginia jobs as possible while small businesses await recently approved federal funding. Virginia businesses that qualify for assistance from the Fund are: - Small businesses that employ three to 30 people; - Based in Virginia and have been operating for at least one year; - Owned and operated by a Virginia resident. The funds disbursed to small businesses by the Virginia 30 Day fund do not need to be repaid. If businesses who receive the Fund’s assistance do, at a later date, wish to “pay it forward” to another Virginia small business in need of assistance, they may do so by directing those dollars back to the Fund, which will disburse the funding to another Virginia business in need.