Government Loan Programs

We offer a variety of special loan programs created to help small and growing businesses. Level the playing field with exclusive rates for a wide range of business needs. Extended terms and lower down payments help bring your business plan to life. Government Loan Program loans are guaranteed by the federal government, but you'll still get personal service from EVB every step of the way!

SBA

Business Express Program

The Business Express program provides assistance to small business owners that export goods and plan to expand or enter new overseas markets.

  • Maximum loan amount up to $350,000
  • Revolving lines of credit or term loans available
  • Reduced SBA eligibility documentation required
  • Accelerated processing
  • SBA fees can be financed 

7(a)

  • Maximum loan amount up to $5,000,000
  • Revolving lines of credit or term loans available
  • Typically fixed rates for up to 10 years
  • Down payments range from 10% to 15% depending on other collateral available
  • Extended terms to help you business afford higher cost purchases

(CDC) 504 

The Certified Development Company (CDC) 504 program provides fixed asset financing for businesses needing long-term equipment purchases or to acquire, construct, or improve owner-occupied real estate that meets the following criteria:

  • 51% occupancy – existing building
  • 60% occupancy – new construction

Government Loan Programs at a Glance

VSFBA

Cash Collateral

  • Maximum loan amount up to $500,000 or 40% of initial loan amount
  • Revolving lines of credit or term loans available
  • Typically fixed rates for up to 5 years
  • Flexible down payments
  • Terms range up to 5 years for term loans and up to 3 years for lines of credit

Loan Guaranty

  • Maximum loan amount up to $1,000,000
  • Revolving lines of credit or term loans available
  • Typically fixed rates for up to 10 years
  • Down payments are not always required, but typically range from 10% to 30%
  • Terms range up to 5 years for working capital and up to 7 years for term loans

Virginia Capital Access Program (VCAP)

  • Maximum loan amount up to $500,000
  • Revolving lines of credit or term loans available
  • Typically fixed rates for up to 10 years
  • Flexible down payments
  • Convenient terms with a maximum term of 10 years

Government Loan Programs at a Glance

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Rob Anderson

Government Lending Program Manager
In Rob's position, as Government Lending Program Manager, Rob will help originate and manage new and existing loans for clients through the Small Business Administration and the Virginia Small Business Finance Authority Loans. His responsibilities include helping individuals who are planning to start or expand a business secure financing that is structured to meet Federal and state lending requirements. Rob brings 10 years of SBA lending expertise to EVB. NMLS# 349257