SERCAP's Certified CDFI Loan Fund Provides Small Business Loans to Small Business Owners and Entrepreneurs Across Virginia!

Friday, 05 November 2021 SERCAP News

SERCAP - Web Image - for Small Business Loans

Southeast Rural Community Assistance Project, Inc.’s (SERCAP) certified CDFI (Community Development Financial Institution) Loan Fund is currently providing Small Business Loans to Small Business Owners and Entrepreneurs across the Commonwealth of Virginia, with a particular focus on rural communities. This affordable Small Business Loan Product allows SERCAP to provide eligible Small Business Owners and Entrepreneurs with financing to help them grow their business. The Small Business Loan product offers a competitive interest rate, and eligible uses include: Working Capital, Inventory, Property Renovation, Financial Management Systems, and more.

To qualify for SERCAP’s Small Business Loan Product, Small Business applicants must be an existing business, and SERCAP’s dedicated Loan Fund staff work with each individual client to ensure that they get set-up with an affordable monthly payment that will not stress them or their business financially. Additionally, SERCAP’s Loan Fund Staff can connect Small Business Owners and Entrepreneurs to the agency’s Business Development services for added Technical Assistance (TA), if needed.

Without SERCAP’s full slate of Programs and Services, many rural communities and low-to-moderate income (LMI) individuals would be forced to go without such necessities as financing for small business growth, workforce development and job creation assistance, reliable access to clean drinking water, indoor plumbing, safe and affordable housing, community development and infrastructure needs, water/wastewater infrastructure solutions, and more. It is important to remember that even in the US in the 21st Century; there are those who do not have reliable access to clean, safe drinking water, environmentally sound septic facilities, and affordable housing. In order to help SERCAP continue to provide assistance to both the individuals and communities in need, please consider making a donation to SERCAP’s Water Life! Fund!

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*Funding for SERCAP’s Certified CDFI Loan Fund is primarily made possible by USDA Rural Development, the US Department of the Treasury’s Community Development Financial Institution (CDFI) Fund, and SERCAP’s own Agency Revolving Loan Fund. Additionally, all of SERCAP’s programs in Virginia, are leveraged by a Budget Appropriation granted to SERCAP by the Virginia General Assembly, and administered by the Virginia Department of Housing and Community Development (DHCD).