Financing is an important component of any successful business plan. Learn more about resources available to small businesses.

REDC Community Capital Group
REDC Community Capital Group, Inc. is a 501(c) (3) non-profit organization, whose mission is to promote economic and community development by providing financing and services to small businesses, in order to create jobs and increase the flow of credit and capital into targeted low income communities.Through various loan programs, REDC can provide financing for working capital, the purchase of machinery and equipment, and financing for acquiring and renovating "owner-occupied" commercial or mixed-use properties. REDC offers higher loan to value, affordable and competitive interest rates, and flexible repayment terms.

Virginia Department of Business Assistance - Small Business Financing Authority
The Virginia Department of Business Assistance – Small Business Financing Authority (VSBFA) is the Commonwealth's economic development financing arm. It does not have grant programs but it does provide debt financing assistance to Virginia's established, existing businesses, its entrepreneurs, as well as businesses looking to expand into Virginia. In general, the VSBFA's financing programs assist:

• Economic Development efforts by offering direct loans, in conjunction with bank and other financing, to localities and Industrial and Economic Development Authorities (IDA's/EDA's) for projects of all sizes.
• Small Businesses by making it easier for Virginia's financial institutions to make loans to small businesses by offering loan guaranties and loan loss insurance programs to reduce a bank's risk.
• Small manufacturers and 501 (c) (3) non-profits by providing access to low-interest, tax-exempt bond financing.
• Virginia's tourism Industry through direct loans and loan guaranties in partnership with Virginia's financial institutions.
• Licensed child care centers and family-home providers by extending low-interest, direct loans for necessary items which banks have difficulty financing.

U.S. Small Business Administration
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of the nation. The SBA offers a variety of programs and resources to help build and grow small businesses, including financing options. The SBA's assistance usually is in the form of loan guaranties - the SBA guarantees loans made by banks and other private lenders to small business clients.

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Henrico County Economic Development Authority offers a variety of services that provides you with valuable information and assistance. 

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