F&M Bank, SCCF offer COVID-19 small business relief

Farmers & Merchants Bank is partnering with the Staunton Creative Community Fund to establish a $25,000 loan fund to benefit entrepreneurs and small businesses in Staunton, Waynesboro and Augusta County.

Funds for the Disaster Relief Loan and Loan Forgiveness Program will be provided by F&M and managed by SCCF, a local non-profit organization that supports small business in the Shenandoah Valley through microlending, technical assistance, and education.

Loans offered through this program will be 0% interest with a term of up to 3 years, and amounts ranging from $1,000 to $5,000. For each principal payment that is made, those dollars will be matched 1:1 so a borrower receives 50% loan forgiveness.

“We understand current economic conditions are creating financial challenges for our community,” said F&M Bank President and CEO Mark Hanna. “Times of crisis call for unique solutions, and through our partnership with the Staunton Creative Community Fund, we are ready to help. We would not be where we are today without the support of local business. It is time for us all to rally behind the small, local business owners who make this community a great place to live, work, and play.”

“We are so excited to partner with F&M Bank,” SCCF Executive Director Debbie Irwin said. “This is a stressful and uncertain time for all of us and with this partnership, our small business owners can start to get a little bit of breathing room.”

For more information on the Disaster Relief Loan and Loan Forgiveness Program, e-mail hello@stauntonfund.org. To apply, fill out the COVID-19 relief form on SCCF’s website: www.stauntonfund.org.

The SCCF website also has more information on how to safely support local business during this time.


UVA Basketball Fans!

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25. The book, with additional reporting by Zach Pereles, Scott Ratcliffe, and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018 through to the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”

Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”

Feedback from buyers: “Got the Book in the Mail Saturday, and could not put it down! Great read and great photography as well! Love all of the books I’ve received, but hands down, this is my favorite!” – Russell

Buy here.

augusta free press news
augusta free press news
augusta free press news