Business Development Centre Loan Fund
Loan Range = $1,000.00 - $50,000.00
- Independently owed
- 50 or fewer employees
- Eligible projects include building acquisition or construction, purchase equipment or inventory, or working capital
- Businesses located in Region 2000 of Central Virginia
- Nonrefundable application fee of $150.00
- Interest rate =Wall Street Journal Prime Rate plus three percent with a floor rate of 8.00%
- Requires a minimum of 10% owner investment capital.
Revolving Loan Fund (RLF)
Loan Range = $5,000.00 - $125,000.00
- Independently owed
- 500 or fewer employees
- Eligible projects include building acquisition or construction, purchase equipment or inventory, or working capital
- Businesses located in the City of Lynchburg
- Nonrefundable application fee of $250.00
- Interest rate =Wall Street Journal Prime Rate minus one percent with a floor rate of 5.00%
- Requires primary lender investment of 50% of total project cost.
- Requires a minimum of 10% owner investment capital.
Venture for Enterprising Women Loan Program (VEW)
Loan Range = $1,000.00 - $40,000.00
- Independently women owed business with 51% majority ownership
- 50 or fewer employees
- Eligible projects include building acquisition or construction, purchase equipment or inventory, or working capital
- Businesses located in Region 2000
- Nonrefundable application fee of $150.00
- Interest rate =Wall Street Journal Prime Rate plus three percent with a floor rate of 8.00%
- Requires a minimum of 10% owner investment capital.