KIVA Loan Program

The mission of the Virginia Department of Small Business and Supplier Diversity (SBSD) is to enhance growth opportunities for Virginia’s small businesses to prosper through increased revenue and job creation thereby raising the standard of living for all Virginians.  ContactVirginia Department of Small Business and Supplier Diversityfor business assistance, counseling and additional resources.

SBSD

Unlike Any Other Loan Program In Virginia

In recognition of Financial Literacy Month!The Virginia Department of Small Business &amp; Supplier Diversity in collaboration with the Metropolitan Business League (MBL) is pleased to offer this webinar on the KIVA Loan Program. The KIVA Loan Program is designed for small businesses seeking to build their borrowing potential. KIVA doesn&#x27;t require: <ul><li>High credit scores</li><li>Collateral</li><li>Audited business financials </li></ul>Terms of the loans are:<ul><li>Range in size from $1,000 - $15,000</li><li>0% Interest</li><li>Repayment terms ranging from 12 Months - 36 Months</li></ul>However, this program is only for firms located in RICHMOND!!!About The Presenter:Sharon Anderson-Grooms is the Capital Access Manager for The Metropolitan Business League (MBL). The MBL is a nonprofit organization, serving Central Virginia for more than 53 years, connecting small, women-owned, and minority businesses to financial resources. Sharon has more than 35 years of experience in the banking industry, including managerial experience at Richmond&#x27;s Consolidated Bank &amp; Trust Company. During her banking career, she managed company-wide budgets, payroll, accounting, consumer lending, public relations, and other financial operations.

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KIVA Loan Program

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