The Virginia Maritime Association has put together the following information. We ask that all motor carriers share freely amongst their owner/operators. 


VMA has heard from motor carrier members concerned about the ability of their drivers and owner/operators to sustain themselves financially during the COVID-19 pandemic.  These are the women and men that move our port’s cargo to and from our port customers.  Several VMA members have contributed to an effort to help as many as we can of these essential workers take advantage of the financial aid available from the additional $484 billion in funding just appropriated by Congress to replenish the CARES Act.

Motor carriers are encouraged to review and consider distributing the attached document which may help owner/operators with the application process for the Payroll Protection Program and Economic Injury Disaster Loans.

In addition, you and your owner/operators are encouraged to participate in a VMA hosted webinar at 11:00am Monday, April 27, designed to provide an update on the Payroll Protection Plan (PPP), review of the 1099 process and the FAQs on the program followed by a Question and Answer session.  The presenter will be Lynn G. Ozer, President, SBA Lending Division at Fulton Bank.  Register for this free webinar at:


David White
Executive Vice President
757-628-2662 (office)
757-622-2639 (switchboard)

DISCLAIMER: This information is not designed for, nor is it intended to be used as either legal or financial advice. It is for educational purposes only.
The Small Business Administration provides information about the Payroll Protection Programs and Economic Injury Disaster Loans at programs/loans/coronavirus-relief-options


Under the PPP a business owner, independent contractors, and self-employed persons can apply for a loan through their current financial institution. The PPP loans are designed to provide a direct incentive for small businesses and independent contractors to maintain their payroll. The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees. This loan has a maturity of 2 years and an interest rate of 1%.

If you wish to begin preparing your application, you can download a copy of the PPP borrower application form to see the information that will be requested from you when you apply with a lender.

View a list of lenders participating in the Paycheck Protection Program by state as of April 23, 2020.

Frequently Asked Questions for Lenders and Borrowers

Documentation Requirements -clarified 4.14.20:

  1. Certify that current economic uncertainty makes this loan necessary for the ongoing operations of your business
  2. 2019 1040 Schedule C 3. 2019 –1099 Misc.
  1. Employer ID Number or Social Security Number
  1. 2019 and 2020 Payroll Records if employees were paid in the business
  1. Records from around Feb 15, 2020 to prove you were self employed (settlement statement or bank statement)
  1. Copy of CDL Example:


Small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
Applications are made directly on the Small Business Administration’s website


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