Upcoming Events


VEDA / VEDP Third Wednesday Webinar Featuring VCC
After registering, you will receive an e-mail with details about how to join this webinar
9/17/2014 - 9/17/2014

Procurement Academy 2014:  Growth Strategies for Small Business Success
Gannett Co., Inc., 7950 Jones Branch Drive, McLean, VA
9/18/2014 - 9/18/2014

Opportunity Finance Network (OFN) Annual National Conference
Denver, Colorado
10/14/2014 - 10/17/2014

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Save the Date!

Planning has already begun for VCC's 2014 Learning Exchange luncheon.

Save the date!

December 11, 2014

Small Business Programs

Small Business Programs
 

VCC assists small businesses directly through lending services as well as through special programming. Our partnerships with national and local small business supporters can help your business achieve new goals, moving to and beyond the next level.

 

 Goldman Sachs 10,000 Small Businesses

 

 

Virginia Community Capital is a proud partner of Goldman Sachs 10,000 Small Businesses. The program is designed to help local small business owners create jobs and economic opportunity through greater access to business education, financial capital, and business support services.

 

Program Overview

Loan proceeds can be used to cover working capital, purchase equipment and inventory, buy another business, make tenant improvements, and other measures to increase your capacity. Call us to discuss.

Loan amounts will range from $50,000 to $750,000.

 

Eligibility

Applicants should meet the following criteria:

- Business in operation for at least two years

- Business revenues between $150,000 and $4.0 million in the most recent fiscal year

- Business with a minimum of four employees

- The potential and desire to grow revenues and create jobs in the community

 

Application/Inquiry

- Applications are accepted on an ongoing basis

- Applications require the following:

  • Brief description of the project, including sources and uses of funds
  • Corporate Financial Statements or tax returns for previous three years
  • Current financial statements (within the last three months)
  • Financial statement projections going out three years
  • Personal financial statements and tax returns for previous three years of all principals who own more than 10% of company
  • A credit release, authorizing VCC to obtain personal and corporate credit reports
  • Schedule of outstanding debt
  • Copy of mortgage or lease

  

Contact

Wayne Waldrop, Small Business Manager, at 804.793.0986 or email him at wwaldrop@vccva.org.


 

Learn more & view a video about the program at Goldman Sachs 10,000 small businesses.