Economic Equity Fund

We believe in equitable access to capital and resources.

The Economic Equity Fund is a $10 million loan fund that provides low-cost financing for small business owners who are women and/or Black, Indigenous, or People of Color (BIPOC) and were disproportionately affected by the economic impact of the pandemic. In addition to low-interest loans for eligible borrowers, resources have been allocated to provide free technical assistance and consulting for eligible small businesses and community-based partners.

This year, VCC secured additional grant funding to further support this program, and we are excited to extend its benefits to eligible borrowers throughout the Commonwealth.

Note: The Economic Equity Fund was previously known as the Open for Business Loan Fund.

Eligible uses include:

  • Business acquisition
  • Debt refinancing
  • Equipment financing
  • Owner-occupied real estate
  • Working capital lines of credit

Eligible businesses will be:

  • BIPOC- and/or women-owned
  • Located in Virginia
  • In operation for 18 months or longer

Eligible businesses are subject to and must be approved through VCC’s underwriting process.

Economic Equity Fund

Interested in learning more about financing or technical assistance provided by the Economic Equity Fund? Please fill out the form below, and a VCC lender will get in touch.
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