A broad range of financing options are available for new and expanding businesses, including industrial development bond financing, small business loans, and a variety of loan guarantee and indirect financing options.
The Virginia Small Business Financing Authority (link to www.dba.virginia.gov/financing/programs) (VSBFA) assists businesses with direct loans under specific programs designed to promote economic development, environmental stewardship, and increased access to daycare. VSBFA also offers a variety of indirect lending such as loan guarantees and credit enhancements designed to facilitate commercial bank lending to new and expanding businesses.
The Small Business Administration (link to www.sba.gov) also offers an array of loan guarantee options and financial consulting for small businesses.