VIRGINIA SMALL BUSINESS RESILIENCY FUND (VSBRF)

Contact:

Community Revitalization Office

cro@dhcd.virginia.gov

804-371-7171

The Virginia Small Business Resiliency Fund (VSBRF) was created to provide funding to existing Community Development Financial Institutions (CDFIs) and emerging CDFIs. VSBRF seeks to build capacity in these organizations to create programs and products that increase access to capital and technical assistance for underserved COVID-19 impacted businesses in the Commonwealth. Through grants made to existing Community Development Financial Institutions (CDFIs) and emerging CDFIs, the VSBRF goals include:

Serving small businesses adversely impacted by the COVID-19 pandemic, with an emphasis on those sectors which have been disproportionately impacted or have been economically disadvantaged historically
Increasing economic activity in distressed communities around the Commonwealth
Increasing the capacity of the CDFI sector to serve these target markets in Virginia

Announcements:

01.13.2022

Governor Northam Announces New Program to Expand Capital Access for Small Businesses

To be eligible for VSBRF, entities must be a CDFI or an emerging CDFI as defined and certified by the U.S. Treasury. Applicants must be able to document each of the following:

The organization is certified by the United States Department of the Treasury as a CDFI as of the date of application to the VSBRF, or that is is an emerging CDFI working towards this certification.
An established history of commercial lending
An established history of lending in Virginia

VSBRF 2021 Annual Report

Virginia CDFI Contact List

CAMS User Guide

CDFI Coalition

Opportunity Finance Network

Virginia CDFI Coalition

How-to-Apply Workshop Recording | Presentation