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VA: Virginia Small Business Financing Authority (VSBFA)

Virginia Economic Development PartnershipGRANTSTATEEquity-Free
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Amount
$10,000,000
Deadline
Open
Bootstrap Score
4/10
Complexity
8/10

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About This Opportunity

The Virginia Small Business Financing Authority (VSBFA) provides debt financing, including tax-exempt bonds and economic development loans, to small businesses and 501(c)(3) nonprofits in Virginia. This funding can be used for land acquisition, building construction, equipment purchases, permanent working capital, and owner-occupied commercial real estate. It aims to support economic development and job creation within the Commonwealth.

Eligibility Requirements

Required
Must be located in the Commonwealth of VirginiaLOCATION
Required
Annual revenues of $10 million or less over each of the last three yearsREVENUE_MAX
Required
250 employees or fewer in VirginiaTEAM_SIZE
Preferred
Qualification as a 501(c)(3) nonprofit entityDEMOGRAPHIC
Preferred
For Industrial Development Bonds (IDBs): New or expanding manufacturing companies, 'exempt' facilities (e.g., solid waste disposal), and 501(c)(3) entitiesINDUSTRY
Preferred
For Economic Development Loan Fund (EDLF): Businesses engaged in technology, biotechnology, tourism, manufacturing, renewable energy, government contracting, and those businesses or entities that provide an enhanced 'quality of life' in a locality or regiINDUSTRY

Application Guide

Process
APPLICATION ONLY
Difficulty
8/10
Selection Criteria

Selection criteria include qualifying as a small business or 501(c)(3) entity, creditworthiness, meeting federal tax code eligibility for bonds, and demonstrating economic benefit to the community through job creation/retention or attracting private capital. Project eligibility is also determined by federal Economic Development Administration (EDA) and VSBFA guidelines.

Tips for Applicants

Projects under $3 million for bond financing may not be cost-effective due to transaction costs. Ensure your project aligns with federal tax code requirements and VSBFA/EDA economic development guidelines, particularly regarding job creation and community impact.

Geographic Coverage

VA

Links & Resources

Source & freshness

Last verified: 9/13/2026

Primary source: Official source page

Refresh cadence: Listings are refreshed weekly.

Reminder: Confirm eligibility and deadlines before applying.

View all opportunities from Virginia Economic Development Partnership