The New River Valley Revolving Loan Fund helps eligible small businesses finance projects that support startup, growth, expansion, and new investment in the New River Valley.
Financing for your next business investment
RLF financing can support eligible costs:
- Equipment and other capital purchases
- Business expansion
- Startup costs
- Other eligible costs tied to starting or growing a business
What makes the RLF different?
The RLF can finance up to 90% of eligible project costs, helping businesses move projects forward when additional financing is needed.
There is no set minimum credit score. Credit history is considered, but applications are evaluated based on the overall business and project, including:
- A strong business plan
- Ability to repay the loan
- Adequate collateral
- The business’s investment in the project
- Overall financing need and project feasibility
Loans are typically in the $10,000–$25,000 range and are offered at low interest rates. RLF financing can help businesses access funding that may not otherwise be available or help leverage other traditional financing.
If you have a business project in mind, start by telling us what you want to do, what the financing would support, and where you are in the process. We can help you determine whether the RLF may be a good fit before you move through the full application process.
Have a project in mind? Start here.
Revolving Loan Fund Information (pdf)
Revolving Loan Fund Application (pdf)
The Regional Commission administers the fund with oversight from a committee of public and private-sector representatives responsible for program guidelines, loan approvals, and impact.