Portsmouth EDA Small Business Revolving Loan Fund
Portsmouth EDA Small Business Revolving Loan Fund
A flexible, low‑interest financing option for Portsmouth small businesses
The Portsmouth EDA Small Business Revolving Loan Fund, administered by Bridging Virginia, provides affordable capital and business support to help Portsmouth‑based small businesses grow and thrive.
What the Program Offers
- Low‑interest loans from $10,000–$50,000
- Flexible repayment terms (up to 72 months)
- Lines of credit (up to 12 months)
- Business coaching and technical assistance through a certified CDFI
Eligible Uses
- Working capital
- Equipment
- Inventory
- Leasehold improvements
- Marketing and professional services
- Expansion‑related expenses
(Not eligible for personal expenses or personal debt.)
Who Qualifies
- Small businesses located in the City of Portsmouth
- Must be current on all city taxes and fees
- Startups and existing businesses welcome
Why It Matters
This fund helps Portsmouth entrepreneurs access capital that may be difficult to obtain through traditional lenders. It supports business growth, job creation, and long‑term stability, especially for underserved business owners.
If you’re a Portsmouth‑based business looking to expand, upgrade equipment, improve your space, or strengthen cash flow, this program may be an excellent fit. Click here to learn more!
Register for the Portsmouth EDA Small Business Revolving Loan Fund Information Session today! Click here to register.