Are There Any State Loan Programs Available for Small Businesses?

Note: Currently VFA is suggesting small businesses use the SBA EIDL and PPP loans for COVID disaster assistance (at least at this time.)

The Virginia Small Business Financing Authority (VSBFA) is the Commonwealth of Virginia’s business and economic development financing arm.  Aligned within Virginia’s Department of Small Business and Supplier Diversity, the VSBFA offers programs to provide businesses, not-for-profits, and economic development authorities with the financing needed for economic growth and expansion throughout the Commonwealth.  To accomplish this goal, we offer loans directly to businesses & non-profits, credit enhancements to banks that are lending to businesses & non-profits, as well as bond financings to benefit for-profit businesses, 501 (c) (3) not-for-profit entities, and to support clean energy and P3 transportation projects.  We also help small businesses seeking to attract equity investments by providing an equity incentive grant program.

Throughout our 30 plus-year history we have helped many Virginia businesses gain the access to the capital they needed to grow and create jobs in the Commonwealth.  Whether you own a business that is seeking a loan or you are a commercial lender needing help in offering a loan to a small business the VSBFA is happy to talk with you about your needs.  Send us an e-mail or give us a call today.

You may contact us through our VSBFA main number at:  804-371-8254.

Click to visit the VSBFA Website