Loan Guaranty Program (Virginia)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Virginia

Applies to States or Provinces Virginia
Name Loan Guaranty Program (Virginia)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province

Program Administrator Virginia Small Business Financing Authority
Primary Website

Last Review 2015-01-29
Last Substantive Modification
to Summary


The Loan Guaranty Program is designed to help small businesses obtain funds to start, enhance, or expand their operations, and create new jobs. To qualify, businesses must have $10 million or less in annual revenues over the last three years; or have a net worth of $2 million or less; or have fewer than 250 employees; or be a non-profit. The maximum guaranty is $750,000 or 85% of the loan amount, and the lines of credit are provided on an annual basis, with up to four renewals.

Policy Contact

Contact Name Barbara Carter
Department Virginia Department of Business Assistance
Division Virginia Small Business Financing Authority

Phone (804) 371-8254