ABOUT THE VSBFA Staff | Board of Directors Board Meetings | Board Minutes

The Virginia Small Business Financing Authority (VSBFA) stands ready to assist those businesses and non-profit organizations looking to grow in Virginia, the local economic development authorities and municipalities needing debt financing to attract businesses into their jurisdictions, as well as bankers seeking to find creative ways in which to make that next loan to a small business. The VSBFA is a political subdivision of the Commonwealth of Virginia whose mission is to promote Virginia businesses by increasing access to capital through the creative application of public and private financing, thereby maximizing employment opportunities and investment throughout the Commonwealth. Through its portfolio of financing programs, the VSBFA assists in three primary ways:

Direct Lending: In partnership with banks and other lenders, we provide direct loans in economic development transactions. We also provide direct loans under specific programs designed to promote environmental stewardship and assist licensed daycare centers and family home providers.

Indirect Lending: We provide loan guarantees or other types of credit enhancements to commercial banks in order to increase access to capital for businesses.

Conduit Financing: We are the statewide conduit issuer of tax-exempt industrial development bonds for manufacturers and 501c3 organizations.

In order for the VSBFA to offer a business financing assistance, the business must meet VSBFA’s credit standards and meet the definition of a small business as defined in the Code of Virginia. That definition states that a “small business” must meet at least one of the following criteria:

• Has fewer than 250 employees; or
• Has less than $10 million in annual gross revenues for each of its last three fiscal years; or
• Has a net worth of $2 million or less; or
• Is a not-for-profit entity granted tax-exempt status under § 501 c 3 of the Internal Revenue Code and operating in the Commonwealth of Virginia.

Within this site, you will find detailed information about all of our financing programs as well as the applications and contact information for submitting a request to us. Please feel free to browse our site and give us a call, toll free, at 1-866-248-8814 if you have any questions.