Virginia Archives - Small Business Hub

The Fountain Fund

We provide low-interest loans and financial coaching to formerly incarcerated people, helping them build credit and achieve their self-determined goals.

The Latino Economic Development Center Credit Building Loan

Our goal is to drive the economic and social advancement of low to moderate income Latinos and other underserved communities in DC, Maryland, Virginia, and Puerto Rico by equipping them with the skills and tools to achieve financial independence and become leaders in their communities.

People’s Advantage Federal Credit Union’s Small Business Lending Initiative

Virginia Small Business Resiliency Fund will provide financial assistance to organizations that serve underserved, COVID-19 impacted business.

Appalachian Community Capital

Provides microloans and technical assistance to minority owned and small businesses in the Appalachian region of Virginia.

Community Investment Collaborative (CIC)

Will provide loans and microgrants for small businesses to help start and grow emerging enterprises

Latino Economic Development Center

The center will create a $575,000 revolving loan fund to help 45-60 low and moderate income Latino and/or other underserved businesses in Fairfax County. The center will also provide culturally and linguistically specialized technical assistance to borrowers.

Freedom First Federal Credit Union Small Business Fund

Provide $1.5 million in small and microloans with a focus on small loans for women, minority and/or immigrant-owned businesses.

Enterprise Development Group

Provides business loans to immigrants, refugees, low income individuals, and people of color in Maryland, Virginia, and Washington, DC. who cannot access bank financing. They also provide training and technical assistance to borrowers.

Women’s Business Center at Old Dominion University

The IIE Women’s Business Center seeks to “level the playing field” for women entrepreneurs, who still face unique obstacles in the business world, by providing the tools for women to successfully own, operate and grow their small businesses.

Launchpad

A business incubator which provides mentorship and general support to emerging companies. Is affiliated with William and Mary University.

Catalyst

Catalyst is a long-format accelerator, providing select central Virginia-based, early-stage startups with nine months of program support.

Black Farmer Equity Fund

Foodcap is funding a more equitable and regenerative local food economy through mission-driven lending and customized business support. In 2021, we launched the Black Farmer Equity Initiative to formalize our work supporting Black farmers.

Downtown Bristol Loan Fund

A community redevelopment agency which provides microloans of $2,500 to $25,000 to emerging businesses in Bristol, Virginia, that cannot access traditional financing sources.

People Incorporated

A community action agency which provides business loans to entrepreneurs in the context of broader economic development and low-income housing programs.

Virginia Highlands Small Business Incubator

The primary purpose of VHSBI is to encourage, enthuse and empower new and small businesses as tenants and non-tenants of the VHSBI facility and to ensure successful start-up and continued growth.

Virginia Startup

The mission of our team and partners is to connect you to entrepreneurial resources. Our team and partners are anxious to help you be successful.

Lighthouse Labs

This technology accelerator provides 3 months of mentorship and support to emerging technology companies. They also provide $20,000 grants to 12 to 20 promising technology companies per year.

Community Business Partnership

At CBP’s Business Finance Center, we make a difference in people’s lives by lending to promising small businesses that are unable to secure financing through traditional means.

Newport News Urban Action Grant Program

Provides loans of up to $250,000 for companies that create new jobs in low- and moderate-income sections of Newport News. Up to $30,000 is available per new job created, or up to $35,000 per new job created in the city’s enterprise zone

Newport News Micro Enterprise Grant Program

This government agency provides grant funding of $500 to $3,500 to micro enterprises in the Southeast portion of the city. The business owner must be low to moderate income or located in a low or moderate income section of the city.

Newport News Virginia Microloan Program

This government agency provides microloans to small businesses including startups that cannot access traditional capital sources. They provide funding of $2,000 to $25,000 at 8% interest rates.

Business Finance Group

Our goal is to build success in small businesses throughout the communities that we serve. This is a flexible program that allows for small financing projects, from $50,000 to $250,000. We specifically target new businesses, veteran owned businesses, or business located in HUB Zones or low-to-moderate income areas.

Virginia Small Business Financing Authority

This government agency provides loans of up to $10,000 to existing businesses in Virginia that have been in operation for at least two years. In some cases the loan can be increased to $25,000. The loan interest rate is a maximum of Prime + 3%.

Virginia Community Capital

Our lending team can find creative ways to bring your dreams to reality. VCC small business loans can help ensure your long-term success and goals.

Virginia’s Growth Alliance

This economic development agency provides microloans to small businesses of up to 40K through their Pack Fund microloan program. The loans are offered at low interest rates.

Virginia DHCD Funding Assistance

DHCD has several programs that can help expand a current business.

Starting a Business: Plan & Research

The most important step to starting a business is good planning. Fairfax County and its partners offer free support and resources to assist you.

The Disability Opportunity Fund

As the first national community development financial institution (CDFI) created for the disabled community, DOF provides an array of specific financial services through targeted lending and investments.

Resources for Entrepreneurs

Resources for business management, development and financing provided by Life Asset.

Life Asset

Providing microloans and training to low-income entrepreneurs who are overlooked by traditional lenders and financial institutions.

Disability:IN

We certify disability-owned business enterprises and veteran-disability owned businesses and link them to organizations looking to diversify their supply chains.

Hello Alice

No matter where you are in your business journey, Hello Alice is here to provide access to funding, tools, and resources to help you grow your business.

Wells Fargo

We’re here to help you reach your business goals. Get help finding the business accounts, financing, merchant services and resources for your small business.

TD Bank Small Business Resource Center

Whether you’re starting a new business, growing your existing business, or thinking about selling, get the resources, tools and support you need.

MetLife

Stay covered with MetLife: life, auto & home, dental, vision and more. Learn more about MetLife employee benefits and financial solutions.

M&T Bank: Business

No matter the size of your business, M&T Bank has product services and solutions to help you reach your business goals.

JPMorgan Chase & Co.

J.P. Morgan is a global leader in financial services offering solutions to the world’s most important corporations, governments and institutions.

IRS Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE)

The VITA/TCE programs offer free basic tax preparation to qualified individuals. VITA/TCE programs may assist with preparing a Schedule C, Profit or Loss From Business (Sole Proprietorship), under certain limited conditions and with expenses of $35,000 or less.

Internal Revenue Service (IRS) Small Business and Self-Employment Tax Center

The IRS provides information about being self-employed, preparing taxes, filing and paying taxes, and the stages of owning a business.

Office of Veterans Business Development (OVBD)

The OVBD facilitates the use of all U.S. Small Business Administration (SBA) programs by veterans, service-disabled veterans, reservists, active-duty service members, transitioning service members, and their dependents or survivors. OVBD oversees Veteran Business Outreach Centers (VBOC), which are designed to provide entrepreneurial development services such as business training, counseling and resource partner referrals. The SBA has 22 organizations participating in this cooperative agreement and serving as Veterans Business Outreach Centers (VBOC).

Minority Business Development Agency (MBDA)

The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is the only federal agency solely dedicated to the growth and global competitiveness of minority business enterprises. Minority-owned firms seeking to penetrate new markets — domestic & global — and growing in size and scale, can access business experts at a MBDA Business Center.

Office of Native American Affairs (ONAA)

The Office of Native American Affairs is part of the U.S. Small Business Administration (SBA). Their mission is to ensure that American Indians, Alaska Natives and Native Hawaiians seeking to create, develop and expand small businesses have full access to the necessary business development and expansion tools available through the Agency’s entrepreneurial development, lending, and procurement programs. ONAA contracts with two companies to offer entrepreneurial empowerment workshops and free technical assistance.

Office of Women’s Business Ownership (OWBO)

The OWBO is part of the U.S. Small Business Administration (SBA) and helps women entrepreneurs through programs coordinated by SBA district offices. Programs include business training, counseling, federal contracts, and access to credit and capital. The OWBO oversees Women’s Business Centers (WBCs). These centers seek to level the playing field for all women entrepreneurs, who still face unique obstacles in the business world.

SCORE

SCORE, the nation’s largest network of volunteer, expert business mentors, is dedicated to helping small businesses get off the ground, grow and achieve their goals. Since 1964, SCORE has provided education and mentorship to more than 11 million entrepreneurs. SCORE is a 501(c)(3) nonprofit organization and a resource partner of the U.S. Small Business Administration (SBA).

Small Business Development Centers (SBDC)

SBDCs are America’s nationwide network of Small Business Development Centers. A partner program of the U.S. Small Business Administration (SBA), SBDCs are hosted by universities, colleges, state economic development agencies and private sector organizations. Their mission is to help start and grow small businesses.