Virginia is a diverse economy that includes local and federal government agencies, military, farming, tourism, and high technology. Virginia is considered one of the top supporters of small business ownership efforts.
Small businesses are the backbone of Virginia's economy, accounting for over 99% of all businesses in the state. Virginia has many small businesses, from tech startups to family-owned restaurants. However, starting and running a small business in Virginia can take time and effort, especially when accessing financing.
Fortunately, there are various small business loan options available in Virginia. At AdvancePoint Capital, we offer a range of loan products, including SBA loans, term loans, equipment financing, and lines of credit, to help small business owners in Virginia secure the funding they need to start, expand or grow their businesses.
Get a Virginia Small Business Loan Easily
If you’re a small business owner in Virginia, you have many options available to you when it comes to securing funding. You can apply for a traditional bank loan, explore government-backed loans, or look into alternative lenders. Dealing with a local bank or credit union can be a daunting task as they are conservative when it comes to lending.
AdvancePoint Capital offers small business loans in Virginia through our small business funding network of products and lenders. We understand the unique challenges and opportunities that Virginia businesses face, and we’re here to help you secure the funding you need to grow your business with lower interest rates .
We offer loans of up to $1,000,000, with flexible terms and low interest rates. Our streamlined process makes it easy to get the small business financing you need, when you need it. For more information, contact AdvancePoint Capital today.
9 Best Loans for Virginia Small Businesses (October 2023)
SBA loans are long term loans with attractive rates and terms. The Small Business Administration sets the guidelines and loan programs for approved SBA lenders and services and in exchange, offers a guarantee to those lenders to encourage lending. SBA loans are highly sought out by small business owners, but qualifications and process are challenging.
Merchant Cash Advance
A Merchant cash advance is a purchase of future sales agreement and not a loan. The advance is based on current sales volumes and repaid by the funder taking a fixed percentage of future credit card processing until paid back in full. Business owners seek this product when traditional business funding is not an option.
Business Cash Advance
A Business cash advance is not a loan, but an advance of future sales at a discount to the funder. An advance is popular with business owners who cannot get traditional business funding.
Business Line of Credit
A business credit line is a revolving line of credit with a credit limit. Business owners can draw funds on demand up to the limit without going through an application process every time they draw to satisfy there business needs.
Equipment Leases and Loans
For businesses that require equipment to operate there business, equipment loans are a great solution that uses the equipment as collateral to offer long repayment periods, typically 3 to 5 years to repay.
Invoice financing, also known as Invoice factoring, is for businesses that regularly invoice there customers for products and/or services rendered and want to get an advance off of the unpaid invoice before terms are due. This product accelerates the access to cash flow for a nominal fee.
Short Term Small Business Loans
Short term business loans are shorter term in nature, typically 6 to 18 months. This product is designed for businesses who would not qualify for more traditional financing yet reduces the risk for lenders.
U.S. Small Business Administration
How to Grow Your Business in Virginia
View the Virginia Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.
Grow Your Business in the Washington Metropolitan Area
View the Washington D.C. Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting
Why Do Virginia Small Business Owners Need Financing?
- Starting capital
- Business plan expansion (capital for growth)
- Financial support
- Special projects
- Frequent Cash flow
- Website design
- Advertising and marketing
- Employees (jobs created)
- Any legitimate purpose, project, or use
Initiatives, Programs, and Small Business Grants for Small Businesses in Virginia
- The Virginia Small Business Financing Authority
- Virginia Economic Development Loan Fund
- Virginia SWaM Business Loan Fund
- Virginia Child Care Financing Program
- Virginia SSBCI Cash Collateral Program
- Virginia Loan Guarantee Program
- The Virginia Department of Small Business and Supplier Diversity (SBSD)
- Virginia Community Capital (VCC)
Why AdvancePoint Capital?
In Virginia, we have been financing businesses for years, showcasing our extensive experience serving the local community. Small business owners in Virginia have expressed their trust in us through excellent reviews and feedback. Our team consists of experienced business funding specialists dedicated to assisting businesses in Virginia. You can explore our services without any obligation, as we provide free quotes with no associated costs or commitments. Additionally, we offer a diverse range of business loan products specifically tailored for businesses in Virginia.
Apply for Virginia Business Loans Today!
At AdvancePoint Capital, we understand that obtaining a financing solution or financial advice in Virginia can be daunting. That's why we have simplified the process by offering a fast and straightforward application process for business loans. By filling out our online form and application page, you can be well on your way to securing a business loan in Virginia within just a few hours.
Get Started Today
AdvancePoint Capital makes the loan application process a simple, straightforward experience.