Welcome to the Capital Access Program (CAP)! 

 

There are 4 Capital Access Products  

 

Are you in the Starting Stages? 

  • Micro Grant 
  • Norfolk EDA Small Business Grant 

Experiencing Growth and Hiring Employees? 

  • Reimbursable Grant 

Looking for Alternative Financing? 

  • Norfolk Revolving Loan Fund 
Apply Here

Application Closing Date: Sunday, May 16th @ 11:59 pm – Next Round to be announced in June, 2021

Due to changes with the CAP application platform, application submission will be extended until Sunday, May 16th @ 11:59pm. Questions can be submitted by Friday, May 14th to the Capitalaccessprograminfro@norfolk.gov email box.
  • Funding Source: CDBG 
  • Grant Amount: $1,500 – $5,000 
  • Years in Business: 0-4 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 
  • Funding Source: Economic Development Authority of the City of Norfolk 
  • Amount: $5,000 
  • Years in Business: 0-4 years 
  • Years in business does not apply for businesses using the grand funds for façade based projects.
  • 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 
  • Funding Source: CDBG 
  • Grant Amount: $35,000 
  • Years in Business: At least 2 years of documented sales and hiring experience but no more than 10 years
  • Business must hire and/or maintain 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 
  • 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. 

Important Info

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For Questions or General Inquiries