ECONOMIC DEVELOPMENT REVOLVING LOAN PROGRAM

Richmond: Virginia's Working Capital

The purpose of this new loan program, administered by the Department of Housing and Community Development, is to provide financing to local developers and small businesses pursuing Section 108-eligible projects, which will improve economic opportunities for low and moderate income persons through job creation. 

Maximum loans available are up to $500,000, and interest rates vary based on credit risk. Click here to read the full program brochure.