Local Initiatives Support Corporation (LISC) Hampton Roads, the local office of the nation’s leading community development investment organization, recently launched the Expand 757 Small Business Loan Program. This program offers 0% interest, no-fee loans to small businesses, with priority consideration to minority-, women-, veteran-, and immigrant-owned small businesses. All repayments are recycled back into the Hampton Roads region creating a sustainable investment tool. The program is funded by the Virginia Department of Housing and Community Development. The Hampton Roads Small Business Development Center (SBDC) will provide one-on-one coaching to loan recipients in support of their loan request and usage of funds.
The application portal will remain open until all funds have been expended. See website for program eligibility, loan uses and terms, and required documentation.
For questions about this loan program, Email Rosalynn Wolfe, LISC Program Officer – Economic Development