***Please submit all questions regarding the FY2020 Local Incentive Program (ending June 30, 2020) through the Contact Us Form or by calling 757-393-8804.***
757 Angels seeks to provide risk-adjusted returns for its members and investors and to catalyze the economy. 757 Angels is a select network of over 100 business and community leaders in the Hampton Roads region, who provide investment capital, strategic advice and mentoring to selected startup and early-stage companies to help them achieve market leadership. 757 Angels seeks deal flow from the Commonwealth of Virginia.
504 Capital Funding is a non-profit corporation formed in 1983 to promote commercial and industrial growth throughout Virginia and Eastern North Carolina. They serve as a resource for small businesses in need of permanent financing to acquire fixed assets. They are certified by the U.S. Small Business Administration to provide permanent financing through the SBA 504 Loan program. They provide long-term financing at competitive interest rates for the purchase of fixed assets including land, buildings, and heavy equipment. For more information, call 757-623-2691.
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. The SBA’s website is an excellent resource for potential, new, or seasoned business owners. The annual resource guide produced by the SBA is provided electronically online and covers every aspect of small business ownership. For more information, contact the local SBA office at 804-771-2400.
The Virginia Small Business Financing Authority (VSBFA) is the Commonwealth of Virginia’s economic development and business financing arm. The VSBFA helps banks make loans to businesses that can demonstrate repayment ability, but where the bank needs additional collateral support or a more robust secondary repayment source by providing cash collateral, subordinate companion loans, guarantees loan loss reserve and loan purchase participants. For more information, please call 804-371-8254.