Learn More about CDFI's and Small Business Resources in Virginia see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
123 New Market Investors, LLC
Business Seed Capital, Inc.
ECDC Enterprise Development Group
Hampton Roads Ventures, LLC
Lynchburg Community Loan Fund
Minerva Seed Fund
NCB Capital Impact
New Enterprises Fund, Inc.
Piedmont Housing Alliance
Southside Development Enterprises, LLC
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.