The Regional Commission manages a Revolving Loan Fund designed to support small businesses across our region. Whether you are just getting started or ready to expand, the NRV RLF can help cover equipment, facility improvements, or working capital.
Loan amounts typically range from $10,000 to $25,000, with flexible repayment terms and low interest rates. This option is helpful for businesses that may not qualify for traditional financing or are piecing together different sources of funding to move forward.
Businesses interested in applying will first start with a quick pre-application, and if the proposed project meets basic eligibility and program guidelines, will be invited to submit a formal application for review. All loan decisions are made by a volunteer committee made up of public and private sector representatives who are committed to supporting small business development in the New River Valley.
The fund has supported a wide range of businesses, including retail shops updating their space, local food and beverage businesses opening new locations, service providers upgrading tools, and home-based makers growing into storefronts. The goal is to meet businesses where they are and provide flexible financing to help them grow.
If you know a small business that could benefit, please share this opportunity.
To learn more, visit www.nrvrc.org/economy and check out the Revolving Loan Fund section, or contact Leo Priddy at lpriddy@nrvrc.org with any questions.