Business Financing

Quick links:
Development Assistance Programs - West Virginia
Business Incentives - Jefferson County

Valley Ventures networks with a variety of private and public loan and financing programs to finance business start-ups and expansions. Each program has different requirements based on your projects needs.

Click below to get additional information on each type of financing:

• Bank Financing
• Private Company Lending
• Valley Ventures Revolving Loan
• Valley Ventures Micro Loan
• Revolving Loans  -  Other Agencies
• SBA Loan Program
• Other Funding Agencies

Frequently Asked Questions

What are the sources of funding?

How long does loan processing take?

What will be my equity requirement?

The borrower will normally be required to invest between 10% to 20% of the total project cost. The actual amount will vary based on a variety of factors.

How can the proceeds be used?

Some of the loan programs will have restrictions on how the loan proceeds can be utilized. Each loan source may have slightly different requirements and stipulations. We will help recommend sources that will meet your needs.

What interest rate can I expect?

Interest rates will vary based on what is being financed, such as real estate, equipment, working capital, the term of the loan, the risk of the loan, and other factors.

Are there any other requirements?

Yes. Some of the loan programs may require closing costs, loan fees, life insurance on the borrower, or collateral. Requirements will vary with the circumstance of each individual loan.

Plan Preparation

Preparation of a business & financing plan may be necessary to get the financing for your business expansion or new business start-up.

Our office will assist you in the preparation of this plan all along the way. A typical business plan will have most or all of the following components:

• Project Summary - One to two pages explaining your expansion or new business project in detail.
• A specific loan request and your plan for the use of the funds
• Photos of the building, property, and/or equipment if applicable
• Survey of the property if land is being purchased
• Map of the county or city showing the location of the property and business
• The last 3 years profit & loss statements if you are buying an existing business
• Three (3) years of projected income and expense reports showing what your business is projected to earn.
• A complete list of everything being purchased including property, fixtures, equipment, inventory, etc. if a business is being purchased
• Personal Resumes of all owners
• Personal Financial Statements of all owners (Owners assets and liabilities)
• Copies of owners last three (3) years personal tax returns
• Business Marketing Plan – An outline of how you plan to promote and grow your business.