Main Local Economy Information in Virginia
Virginia's economy is diverse, with strong sectors in information technology, defense contracting, and agriculture. The state is home to many federal agencies and military bases, providing a stable economic base.
Your Virginia and Local Small Business Funding Guide
Virginia offers a variety of financial assistance programs, including grants for technology innovation, loans for small businesses, and incentives for businesses expanding or relocating to the state.
Small Businesses in Virginia
Small businesses in Virginia benefit from proximity to the federal government and a highly educated workforce. The state offers numerous programs to support entrepreneurship and small business growth.
Documents Needed to Get a Small Business Loan in Virginia
- Comprehensive business plan
- Financial statements and projections
- Personal and business tax returns
- Details of collateral
- Business licenses and other legal documents
Virginia Department of Commerce: Key Functions and Contact Information
Website URL: Virginia Department of Small Business and Supplier Diversity
Phone: [804-786-6585]
Address: 101 North 14th Street, Richmond, VA 23219
Local Resources in Virginia
Virginia supports small businesses through its Small Business Financing Authority, which provides financing options like microloans and grants, especially for veteran-owned and minority-owned businesses.
How to be Successful with Business Funding in Virginia
Success in Virginia often involves leveraging local and state government resources, maintaining strong financial health, and engaging in networking within local business communities.
SBA Resources in Virginia
The SBA in Virginia offers customized financing options, extensive training programs, and specialized support for businesses involved in federal contracting.