This resource provides an extensive, aggregate, but not necessarily comprehensive, list of funding sources that may be available to small business owners. Of note, the list flags where a grant program may be targeted at specific historically disadvantaged groups including e.g. Black, Immigrant, Person of Color, or Woman owned businesses.
This information should not be considered comprehensive. This information should not be construed as an endorsement of any specific financial program.
To apply for assistance for your small business, click here.
The UMEZ Hybrid Microloan Program will offer loans, a portion of which may be converted into a grant, of up to $50,000 for eligible small businesses and nonprofits. The program is capitalized at $2 million and loans will be disbursed on a first-come, first-served basis until funds are exhausted, or until December 31, 2022.
Black, Latino, Women-owned businesses encouraged to apply
Fixed-rate, unsecured or secured term loan with repayment terms of up to 7 years for UCC- and equipment-secured loans, or up to 25 years for owner-occupied commercial real estate financing.
Or get a variable-rate, unsecured or secured line of credit that is subject to annual renewal. Target minority, woman, and veteran owned businesses.
In operation 2 years or more; 51% owned, operated, controlled, and actively managed by a woman, minority, or veteran who are US citizens; Annual sales cannot exceed $2 million
Searchable database of organizations offering loans. Includes list of Community Development Institution Funds (CDFIs) organized by location, name, and type of fund.
List of financing programs for small businesses in the Commonwealth of Virginia
Resources for small businesses owners, individuals, seniors, veterans, unemployed individuals, immigrants and incarcerated individuals impacted by the COVID-19 crisis.
Provides business development support grants for the growth of microbusinesses in ward 7 and 8. Will award between 20-25 grants of up to $10,000 each.
Microbusiness must be appropriately licensed;
Have fewer than 5 full-time employees;
Located in Ward 7 or 8;
Ward 7 or 8 residents must have ownership of 50% or more of the business.