5 Best Micro Lending Companies in Virginia, United States

If you need financial assistance for your small business agency, a micro lending company can help you run your business smoothly. We have listed the 5 best micro lending companies in Virginia, United States in this blog below.

Micro lending companies offer small loans to individuals and businesses. Keep in mind, you can borrow these loans for a shorter period but these have a higher interest rate. You will find many micro lending companies in Virginia that can help you with your financial needs.

1. Virginia Community Capital

It is one of the popular micro lending companies in Virginia, United States that offers finance and support to small businesses and nonprofit organizations. The organization was established in 2006 and has since provided over $530 million in loans to small businesses.

Virginia Community Capital offers loans ranging from $25,000 to $5 million and has a flexible repayment schedule. 

2. People Inc.

People Inc. is a great micro lending company in Virginia that provide small business loans to entrepreneurs throughout Virginia. People Inc. offers loans ranging from $5,000 to $250,000 and has a repayment schedule of up to ten years.

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3. Virginia Small Business Financing Authority

It is another company that offers financing assistance to small businesses in Virginia. So far, it has supported billions of small businesses by providing loans. It offers loans ranging from $50,000 to $5 million and has a repayment schedule of up to twenty years.

The organization also provides business training and consulting services to assist small business owners in growing their businesses.

4. The Loan Fund

If you are a small business owner and looking for loans, The Loan Fund is one of the great choices for micro lending companies in Virginia, United States.

It offers loans ranging from $5,000 to $250,000 and has a repayment schedule of up to ten years. Additionally, it also provides business training and consulting services to help small business owners succeed.

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5. Virginia Community Development Corporation

Virginia Community Development Corporation is a community development financial institution that provides financing and support to small businesses and nonprofits throughout Virginia. It originated in 1973 and has since provided over $156 million in loans to small businesses.

Virginia Community Development Corporation offers loans ranging from $5,000 to $250,000 and has a flexible repayment schedule. 

Conclusion

If you want to take up a loan in Virginia for your small business, you have multiple options. You can opt for micro-lending companies to offer a valuable service by providing loans to entrepreneurs who may not qualify for traditional bank loans.

The above micro lending companies in Virginia, United States can give your business a reliable loan with sustainable success. 

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