Virginia Small Business Financing Authority

The Commonwealth of Virginia’s business and economic development financing arm.

Aligned within Virginia’s Department of Small Business and Supplier Diversity, the VSBFA offers programs to provide businesses, not-for-profits, and economic development authorities with the financing needed for economic growth and expansion throughout the Commonwealth. To accomplish this goal, we offer loans directly to businesses & non-profits, credit enhancements to banks that are lending to businesses & non-profits, as well as bond financings to benefit for-profit businesses, 501 (c) (3) not-for-profit entities, and to support clean energy and P3 transportation projects. We also help small businesses seeking to attract equity investments by providing an equity incentive grant program.

Throughout our 30 plus-year history we have helped many Virginia businesses gain the access to the capital they needed to grow and create jobs in the Commonwealth. Whether you own a business that is seeking a loan or you are a commercial lender needing help in offering a loan to a small business the VSBFA is happy to talk with you about your needs. Send us an e-mail or give us a call today.

You may contact us through our VSBFA main number at: 804-786-1049 or contact any of the following VSBFA lenders directly. Just click on the staff directory below.

Small Business Investment Grant Fund (SBIG)

Application Period Closed
Small Business Investment Grant Fund (SBIG)

THE SBIG PROGRAM IS CLOSED FOR FY2024

Due to an overwhelming response the Fiscal Year 2024 application period for the Small Business Investment Grant program is closed. The application period has been shortened as we do not anticipate having enough funds for additional applications.

If you previously submitted a FY2024 SBIG application through DocuSign, you should receive an update by email to advise the status of your application within 10 business days of your application date.

Please continue to check our website for updates on the Small Business Grant Program for FY2025.

The SBIG program provides a meaningful return on investment from the Commonwealth to encourage individuals or special purpose entities (created for the purpose of investing in small businesses) to make cash investments in small businesses for working capital, growth, and expansion.

SBIG grants are awarded and paid to eligible Investors that have invested in Virginia’s eligible small businesses. They are not grants for the small business that received the investment.

Investor’s applications require the Commonwealth of Virginia Substitute W-9 Form.

Please note there are several versions of a W-9 form. The State of Virginia requires the Virginia version, which you can download here. This is an electronically fillable form, however, the State also requires an original signature. You will need to print the document and manually sign. The form can then be scanned and be submitted electronically with the application package.

Virginia Small Business Financing Authority