Funding Amount

Up to $2,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Micro Loan Program

Overview: Small business financing program providing microloans to help create or expand small businesses in the Franklin Southampton area.

Administrators: Franklin Southampton Economic Development, Inc. in conjunction with Suntrust Community Foundation, Franklin Redevelopment Housing Authority, Paul D. Camp Community College, and Franklin Southampton Area Chamber of Commerce

Geographic Scope: City of Franklin and Southampton County, Virginia

Award Amount: Up to $2,000 per loan

Eligibility Requirements:

  • Own or operate a business within City of Franklin or Southampton County limits

  • Maintain a bank account

  • Pass credit score approval

  • Be at least 18 years old

  • Priority consideration: Economically disadvantaged persons, minority-owned businesses, and women-owned businesses
  • What They Fund:

  • Business creation

  • Business expansion

  • Small business operations
  • Contact Information:

  • Phone: 757-562-1958

  • Email: info@franklinsouthamptonva.com

  • Address: 601 North Mechanic Street, Suite 300, Franklin, VA 23851
  • How to Apply

    Application Process

    1. Application Format: Paper application form available for download
    2. Required Documentation:
    - Completed Micro Loan Application Form
    - Bank account verification
    - Credit score documentation
    - Business plan details
    3. Submission: Submit to FSEDI office
    4. Processing: Applications reviewed for eligibility and creditworthiness
    5. Approval: Conditional on credit approval and business viability

    Application Materials Available:

  • Complete program guidelines (downloadable)

  • Micro Loan Application Form (downloadable)
  • Contact for Application:

  • Phone: 757-562-1958

  • Email: info@franklinsouthamptonva.com
  • Focus Areas & Funding Uses

    Fields of Work

    small-businessesminority-businesseswomen-owned-businesses

    Categories

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