Virginia Community Development Loan Fund

Richmond VA


Virginia Community Development Loan Fund (VCDLF) is a microenterprise lender and technical assistance provider serving 9 counties and 4 cities in south-central Virginia. Plans are underway to expand in its market base into Norfolk, Suffolk, Chesapeake, Virginia Beach, Hampton, Newsport News and Portsmouth. Community partners from whom VCDLF receives referrals include local banks -- Bank of America, BB&T, Wachovia, Sun Trust, and First Market -- and state and local agencies involved in small business and economic development, including the Virginia Department of Business Assistance (DBA), Richmond"s Small Business Development Center

CDFI Awards for Virginia Community Development Loan Fund


TA (2004) - $46,250

Virginia Community Development Loan Fund (VCDLF) will use the award to obtain consulting services to complete a strategic and marketing plan to explore new products and to expand the organization"s volume of lending; technology upgrades and training.



CORE (2000) - $250,000

The CDFI Fund"s $250,000 award ($230,000 capital grant and $20,000 technical assistance grant) will help VCDLF meet the small business financing needs of the organization"s underserved target market.



SECA (1998) - $35,000

The CDFI Fund grant will be used to train staff on risk management and loan underwriting. Funds will also be used to identify other unmet credit and development services needs, evaluate current loan products, and help develop a capitalization strategy.



Other Community Development Financial Institutions in Virginia





Featured Government Grant Resources


Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program

The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.







How The Government Can Help Your Small Business

The United States Small Business Administration, otherwise known as SBA, is a United States government agency that was established on the 30th day of July, 1953.





Social Entrepreneurship
Spotlight



Why People Buy from Social Enterprises?


The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.









More Federal Domestic Assistance Programs


Directed Grants and Awards | Food Safety and Security Monitoring Project | Program of Research on the Economic of Invasive Species Management (PREISM) | Minority Health and Health Disparities Research | Minority Economic Impact |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2024 Copyright Michael Saunders