Loan Guaranty Program (Virginia)

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Last modified on February 12, 2015.

EZFeed Policy

Place Virginia


   
Applies to States or Provinces Virginia
Name Loan Guaranty Program (Virginia)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Virginia Small Business Financing Authority
Primary Website http://www.vabankers.org/loan-guaranty-program



Last Review 2015-01-29
Last Substantive Modification
to Summary
2015-01-29


Summary

The Loan Guaranty Program is designed to help small businesses obtain funds to start, enhance, or expand their operations, and create new jobs. To qualify, businesses must have $10 million or less in annual revenues over the last three years; or have a net worth of $2 million or less; or have fewer than 250 employees; or be a non-profit. The maximum guaranty is $750,000 or 85% of the loan amount, and the lines of credit are provided on an annual basis, with up to four renewals.



Policy Contact

Contact Name Barbara Carter
Department Virginia Department of Business Assistance
Division Virginia Small Business Financing Authority




Phone (804) 371-8254


Email Barbara.Carter@vdba.virginia.gov
Website http://vdba.virginia.gov//contactus.shtml#vsbfa
     
     


















References