Areas Served
Virginia and contiguous states
Office Locations Richmond, Christiansburg, and Norfolk, VA
Website https://locusimpact.org/
Locus lending creates a positive and sustainable impact working with for-profit businesses, non-profits, and municipalities around the Commonwealth to find creative ways to support growth and development.
With a mission to promote a better quality of life for Virginians. VCC has several community impact programs focused in areas of need to spur economic growth and revitalization.
Lending Focus
Affordable housing, small business, food access, clean energy, and health.Loans At A Glance
Lending Focus:
Affordable housing, small business, food access, clean energy, health
Loan Amounts Provided: $50,000 – $7.5 million
Eligibility Criteria:
- Varies with loan type
Fees:
- Varies with loan type
Loan Types:
- Business acquisition
- Debt refinancing
- Equipment financing
- Owner-occupied real estate
- Working capital lines of credit
- Construction loans
- Historic tax credit bridge loans
- LIHTC (predevelopment, construction, bridge financing)
- Preferred SBA lender (SBA 7(a), SBA 504, SBA Express)
- USDA loans
- Solar loans