Loans and Microloans
SBA Guaranteed Loans
The U.S. Small Business Administration offers several loan programs to help small businesses start up and expand.
SBA’s Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers.
First Microloan of WV
The Washington County Council on Economic Development provides SBA loans to West Virginia businesses.
Kanawha Institute for Social Research & Action offers microloans to businesses expanding and creating jobs in West Virginia. Loans range from $1,000 to $50,000 for a term of up to 6 years.
Natural Capital Investment Fund
Loans to natural resource based businesses to advance sustainable economic development.
The Progress Fund
Loans up to $1 million to restore old buildings, or finance a tourism or hospitality business.
United States Department of Agriculture (USDA)
Loans for equipment, machinery, supplies, or inventory for agriculture based businesses.
WV Economic Development Authority (WVEDA)
Loans for manufacturing, distribution centers, technology based companies.
$50,000 to $10 million
Job creation emphasized
WV Rural Health Infrastructure Loan
Loans to health providers for building construction, renovation, expansion equipment purchase, technology purchase, and practice acquisition.
Woodlands Development Group
Operating as a Community Development Financial Institution (CDFI), Woodlands, Community Lenders (WCL), and affiliate of Woodlands Development Group, makes low-interest loans to qualified businesses and communities in Randolph, Tucker and Barbour county areas. Loans are specifically earmarked for small businesses and non-profits that have difficulty obtaining financing elsewhere.
304-636-6495, ext. 29
Wyoming County Economic Development Authority
Wyoming County Economic Development Authority’s Loan Program:
- provides capital that small businesses need to start and grow in Southern West Virginia.
- fill gaps in small business capital needs that are not addressed by other lending institutions.
- partners with other lending institutions to maximize the leveraging of loan funds.
Our team provides the capital that small businesses need to start and grow in Southern West Virginia. The Wyoming County EDA seeks to provide capital to small businesses through the five loan funds that the Wyoming County EDA oversees. The Wyoming County EDA seeks to fill gaps in small business capital needs that are not addressed by other funding sources.