Improve, Expand, or Stabilize Your Enterprise with Business Loans

There is any number of reasons why an established business might require additional financing: You could be expanding your operations, acquiring a new business space, or simply dealing with an unforeseen shortfall during one-quarter. Whatever the reason, we will help you prepare the plans and paperwork required to give your business that much needed financial injection to keep you rolling down that path to success.

 

Small Business Loans

All loans are fully open for prepayment without penalty or fees.

Venture Norfolk Loans Business Performance Loans Rural Access Loans (RAL) Access to Capital Loans
When traditional Bank financing is not accessible to a business When financial track record and security offer lowered risk Asset rich/cash poor financial position When business diversification qualifies in six priority sectors
Loans up to $250 000 Loans up to $250 000 Loans up to $250 000 Loans up to $250 000
Prime + 3% / 9% minimum Prime + 3% / 7% minimum Prime + 3% / 5% minimum Prime + 2%
5 year term 5 year term 5 year term 3 year term
15 year maximum amortization 20 year maximum amortization 20 year maximum amortization 15 year maximum amortization

 

Application Process

  1. Prepare a business plan – your blueprint to your business proposal.
  2. Prepare a one year cash flow projection (if an existing business, provide at least the last two year’s financial statements).
  3. Meet with Venture Norfolk staff to review the financing required.

 

Call 519-428-2323 or fill out the contact form to request an appointment.