The New River Valley Regional Commission currently operates a regional revolving loan fund that supports the start-up and expansion of local, small businesses. The Regional Commission appoints a committee of public and private sector representatives to oversee the program’s guidelines, loan approvals, and impact. Loan funds can be used to finance expansions, capital purchases, or startup costs. These loans, typically in the $10,000- $25,000 range, are offered at low-interest rates which enable businesses to get funds that might not otherwise be available or to help leverage other more traditional financing options. Loans will be offered to qualifying businesses that complete a pre-application and are approved through a formal application process.
