2020 was about the resolve and adaptability of the American small business owner.
2021 was about the grit and determination to build back stronger than ever before.
In 2022, we believe strategic business planning and American ingenuity will result in greater growth and prosperity.

We recommend these tips:

  1. Write out your business plan. Great things happen when you "put pen to paper." A proper plan can help conceptualize your vision, prove to lenders and investors that you have a solid foundation, and will almost certainly save your time and money. You can take SBA's free online How to Write a Business Plan course, meet with an advisor, or take our 'Business Planning & Pricing' class to explore business planning options.
  2. Explore your funding options. Figuring out how you are going to fund your business is often just as important as the concept behind the business itself. We can tell you about options including SBA's variety of funding options, from microloans to 7(a) and 504 loans. To get started securing an SBA-backed loan you can use Lender Match, SBA’s free online referral program, connecting small businesses with more than 800 participating SBA-approved lenders.
  3. Create a marketing strategy. An effective marketing strategy will help get customers talking about your products or services. The SBA’s online Marketing 101 training course is a great place to start and we have expert marketing advisors that will work with you one-on-one. Topics covered include identifying target market, conducting market research, establishing a marketing plan, and social media marketing.
  4. Get a second opinion from an expert. Navigating the startup process in the recovering economy can be tricky. That is why a business mentor is so valuable. Central Virginia's resource partners offer free business mentoring, counseling, and training — both remote and in-person. We can help you find a mentor among 8 different local resource partners. Call or email us to get connected.
International Business
Logistics Challenges -
Is there light at the end of the loading dock?

The impact of the COVID pandemic, aligned with local, national and international actions have created unprecedented logistical challenges that business owners and managers today are forced to reconcile. Attend this panel session to secure insights, updates, potential navigation tips and solutions from seasoned transportation and logistics professionals and company reps working to guide their businesses forward.

Free Websites!
Check out our Website Jump Start Portfolio to see examples great websites we've created with local businesses, and apply today for yours!
Featured Upcoming Events
If you’ve already started your business and now find it’s time to expand…how do you choose what type of financing will work best for you?
Financing Your Business Part 1: Preparing for your First Bank Loan
February 16 | 9:00 - 10:00am

Is a loan right for you? If so, how do you choose a bank, open accounts, and finance your business?

Join First Citizens Bank, CV SBDC and the Community Investment Collaborative (CIC) as we explore loan options, preparations required, and how to find the right lender.

This workshop is for startups and young businesses that are just beginning to explore sources of capital. We will cover “the basics” and start you on your way to a successful banking relationship!
Financing Your Business Part 2: Preparing for your First Bank Loan
February 23 | 9:00 - 10:00am

Credit, cash flow, loans, and grants explained!

Join First Citizens Bank, CV SBDC and the Community Investment Collaborative (CIC) for this more advanced Part 2 of Financing Your Business. 

In this workshop, we’ll explore the options available for businesses to raise capital for expansion and growth….and how to find the right option for your business.
Entrepreneurship Certificate

Classes can be taken in any order. SBDC clients can take any of the Entrepreneurship Certificate classes whether or not they are working to complete the certificate.

For more information about the Entrepreneurship Certificate,
Starting Your Business
Jan 27 | 6:00 - 8:00 PM

Entrepreneurship Certificate Part 1

Thinking about starting a small business?
Are you in business but aren't confident everything is in order?
This workshop is for you!

In this workshop, we review the steps for a successful start, the registrations and regulations, and the components of sound business planning, including financial projections. This workshop is offered twice monthly.

Taught by CV SBDC advisor Diane Arnold
Money and Recordkeeping
Jan 20 | 6:00 - 8:00 PM

Entrepreneurship Certificate part 4

In this interactive webinar we will share sources of capital, establishing credit, and tips for success in record keeping and cash flow management. We help you make the often dreaded recordkeeping work for you, giving you tools to help you sleep at night knowing you are 1) making money, 2) can pay your bills and 3) will be able to access additional capital when you need it. 

Taught by CV SBDC advisors Greg McFetridge and Ellen Martin
Pitch Preview
February 3 | 12:00 - 2:00pm
Virginia early-stage innovative entrepreneurs:  Charlottesville Angel Network (CAN) and Virginia Small Business Development Center (VSBDC) have joined forces to help you polish your pitch presentation.

Deadline to apply: January 24, midnight

Scottsville Community Business Launch
March 2, 2022 – April 20, 2022
Compete to win up to $10,000!

The Town of Scottsville is using state and federal grant funds to support business growth in vacant spaces downtown. Weekly classes will be facilitated by the Central Virginia Small Business Development Center (CVSBDC) to help aspiring entrepreneurs build their business plan. Completed plans will serve as grant applications.

Course Fee: $150 for the 8 week program

Applications due Jan 26
Access the CVSBDC Events Calendar and statewide training offerings
1099 Tax Form Updates

New Form 1099 for Tax Year 2022.
If you earn more than $600 via online payment platforms you will start receiving a Form-1099-K, “Payment Card and Third-Party NetworkTransactions” (TPSOs and EPFs). This information is being sent to you and the IRS. Therefore, you may receive several of these forms. Business-related income received by 3rd party processors such as Venmo, PayPal, Cash App, Zelle, or other vendors, will be providing these forms. Also, if you sell products via Amazon, Etsy, eBay, or at craft shows or face-to-face, they will receive the 1099-K.

This change in legislation was included in the American Rescue Plan, enacted in March 2021. This is a substantial change from prior periods, in which the 1099-K would only be generated when the amount paid to a single payee exceeded $20,000 per year and if there were more than 200 transactions during the same period. This change means that “gig” workers and individuals that rent out residential/vacation properties and collect payments via 3rd party vendors will, for the first time, receive the 1099-K document, and in some cases, will create a taxable event for recipients.

Transactions for gifts, charitable contributions, and reimbursements are excluded
from this requirement. 
What is TheHubCVA and how can it help my small business?
The Hub is a regional connector platform for entrepreneurs and high-growth businesses in Central Virginia’s Region 9, which includes the city of Charlottesville, and the counties of Albemarle, Culpeper, Fauquier, Fluvanna, Greene, Louisa, Madison, Nelson, Orange, and Rappahannock.

The Hub's interactive searchability makes it possible to find the connections, tools, resources and information necessary to guide, bolster, and support startups, businesses, founders and entrepreneurs. 

Let's get you started on the Hub with this step-by-step guide on searching and filtering the Hub's local business directory, finding or adding local jobs, and getting looped in on relevant and timely tech and local ecosystem news.

Central Virginia Small Business Development Center | Visit our website
Charlottesville main office phone: 434-295-8198 | Culpeper direct phone: 540-727-0638
Culpeper office: 803 South Main Street, Culpeper, VA 22701