The Fountain Fund increases economic opportunities for formerly incarcerated people to improve their lives and remain in their communities. They provide low-interest loans and financial coaching to formerly incarcerated people, helping them build credit and achieve their self-determined goals. This includes loans for those seeking to start their own business.Read More: The Fountain Fund
They offer the following loans:
A credit building loan which is between $500 and $2,500 and has a 0% interest rate and 36 monthly payments. They also offer personalized financial education along with the loan.
They also offer SEED Loans of less than 5K for companies that have been in operation for less than a year or with plans to launch within 3 months of getting funded. This loan is offered at 0% interest for up to 36 months.
In addition, they also offer a startup loan of up to 20K with an interest rate of 6.5% and for 60 months for companies that have been in business for less than 2 years.
They also offer a loan of up to 250K for growing companies of up to 120 months and an interest rate of 6.5% ore more for companies that have been in business for at least 2 years and are looking to expand.
Provides microloans and technical assistance to minority owned and small businesses in the Appalachian region of Virginia.Read More: Appalachian Community Capital
Will provide Alternative Lending Products & Technical Assistance for Underinvested Small Businesses in the Greater Richmond Region.Read More: Bridging Virginia
Will provide loans and microgrants for small businesses to help start and grow emerging enterprisesRead More: Community Investment Collaborative (CIC)
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.Read More: Latino Economic Development Center
Provide $1.5 million in small and microloans with a focus on small loans for women, minority and/or immigrant-owned businesses.Read More: Freedom First Federal Credit Union Small Business Fund
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.Read More: Enterprise Development Group
A business incubator which provides mentorship and general support to emerging companies. Is affiliated with William and Mary University.Read More: Launchpad
A business accelerator which provides training and support to emerging companies in Central Virginia
They provide 9 months of support and $20,000 in grant funding plus technical assistance to tech companies in industries such as software, hardware, biotechnology, and biomedical field.
A microlender which seeks to provide support to black, female, veteran, new, and underresourced farmers in Virginia
Mission — Foodshed Capital (foodcap.org)
They provide loans to black farmers
They also provided a $12,000 grant to the Minority and Veteran Farmers of the Piedmont in Virginia to support their efforts to reach mobile markets
Black Farmer Fund — Foodshed Capital (foodcap.org)
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.Read More: Downtown Bristol Loan Fund
A community action agency which provides business loans to entrepreneurs in the context of broader economic development and low-income housing programs.Read More: People Incorporated
Provides coaching, mentoring, and general support for small businesses in VirginiaRead More: Virginia Highlands Small Business Incubator
Provides generalized support for startup companies in VirginiaRead More: Virginia Startup
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.Read More: Lighthouse Labs
This microlender in Fairfax, Virginia, provides microloans of $2,000 to $10,000.Read More: Community Business Partnership
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 zoneRead More: Newport News Urban Action 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.Read More: Newport News Micro Enterprise Grant 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.Read More: Newport News Virginia Microloan Program
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%.Read More: Virginia Small Business Financing Authority
• Virginia Community Capital (VCC) will expand its Economic Equity Fund Initiative (EEF), and use $1.5 million of additional funding to provide low-cost financing for small-, women-, and minority-owned businesses across Virginia that were disproportionately affected by COVID-19.
• The additional funds will support 15 or more businesses.
• They will also hire a technical assistance provider specifically for this program.
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.Read More: Virginia’s Growth Alliance
Virginia funding opportunities.Read More: Funding Assistance in Virginia
The most important step to starting a business is good planning. Fairfax County and its partners offer free support and resources to assist you.Read More: Starting a Business: Plan & Research
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.Read More: The Disability Opportunity Fund
Resources for business management, development and financing.Read More: Entrepreneurial Resources
Providing microloans and training to low-income entrepreneurs who are overlooked by traditional lenders and financial institutions.Read More: Life Asset
We certify disability-owned business enterprises and veteran-disability owned businesses and link them to organizations looking to diversify their supply chains.Read More: Disability:IN
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.Read More: Hello Alice
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.Read More: IRS Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE)
The IRS provides information about being self-employed, preparing taxes, filing and paying taxes, and the stages of owning a business.Read More: Internal Revenue Service (IRS) Small Business and Self-Employment Tax Center
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).Read More: Office of Veterans Business Development (OVBD)
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.Read More: Minority Business Development Agency (MBDA)
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.Read More: Office of Native American Affairs (ONAA)
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.Read More: Office of Women’s Business Ownership (OWBO)
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).Read More: SCORE
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.Read More: Small Business Development Centers (SBDC)