Capital Access Program

Application 2021 Round 6: 

March 1st @5pm – March 14th @ 11:59pm 

Micro Grant:

  • Funding Source: CDBG 
  • Grant Amount: $1,500 - $5,000 
  • Years in Business: Approximately 0-2 years 
  • Must have no more than 5 employees 
  • Business Owners must be Low to Moderate income at the time of application  
  • Allowable Purchases include but are not limited to: marketing and advertising, inventory, materials, equipment, operating licenses, permitting and fees, etc. 
  • Ineligible Purchases: Real estate-based transactions to include interior and exterior build out or renovations. Payroll and/or salaries 

 Norfolk EDA Small Business Grant:

  • Funding Source: Economic Development Authority of the City of Norfolk 
  • Amount: $5,000 
  • Years in Business: Approximately  0-4 years 
  • Must have no more than 50 employees 
  • Allowable Purchases include but are not limited to: marketing and advertising, inventory, materials, equipment, operating licenses, permitting and fees, real estate-based transactions, façade improvements, etc.  
  • Ineligible Purchases: Payroll and/or salaries  

Reimbursable Grant Program: 

  • Funding Source: CDBG 
  • Grant Amount: $35,000 
  • Years in Business: More than 2 years with documented sales and hiring experience  
  • Business must hire or retain 1 full time LMI Norfolk Resident 
  • Allowable Purchases include but are not limited to: marketing and advertising, inventory, materials, utilities, equipment, training, professional fees, supplies, etc. 
  • Business preferably will have current employees  
  • Ineligible Purchases: Real estate-based transactions to include interior and exterior build out or renovations. Payroll and/or salaries 

Norfolk Revolving Loan Fund: 

  • Funding Source: Federal EDA 
  • Administer: Virginia Community Capital 
  • Amount: $5,000 - $50,000 
  • Years in Business: Preferably 3 or more years of business operation 
  • Must have no more than 250 employees 
  • Allowable Purchases: Include but are not limited to: inventory, materials, equipment, working capital, debt refinancing, real estate, etc. 


General Eligibility 

Geographic Requirements: In order to be eligible for program funding, the applicant must be a City of Norfolk business. Businesses must have a current City of Norfolk Business License and/or proper City licensing/permits/zoning and/or coding in place prior to submitting the application.

Eligible Applicant Organizational Type: For-profit entities: Sole Proprietorships, General Partnerships, Limited Partnerships (LP), Limited Liability Partnerships (LLP), Corporations (Inc., Corp.), Limited Liability Companies (LLC)

Ineligible Applicant Organizational Type: • Franchises. • Not-for-profit and Faith-based organizations. • Political Organizations. • Adult bookstores, adult video shops, other adult entertainment facilities, gambling facilities, blood or plasma donor centers, and pawn shops.

Businesses must meet the following conditions to be considered: • In most cases, business must demonstrate a benefit to a low-to-moderate income community or individuals. • Business and owner must be in good standing with the City of Norfolk, State of Virginia and Internal Revenue Service. • No outstanding violations or citations with the City of Norfolk within one year of application. • Business must be formed or incorporated before application is submitted.

Additional Eligibility Information: Business owners who are employees of the City of Norfolk, elected or appointed officials or officers of the City of Norfolk, employees or board members of the City of Norfolk Economic Development Authority are not eligible to apply to the Program.

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