Welcome to the Capital Access Program (CAP) 

Due to the current economic climate as a result of the Coronavirus, the decision has been made to postpone the April 1st launch of the Capital Access Program.

We will disseminate additional information as developments continue.

Please note: If you do not attend a CAP Workshop, your application will not be accepted.

Below are the future CAP Workshop dates and their Eventbrite links:

TBD: Capital Access Program Workshop #4 APRIL 16, 2020

 

There are 5 Capital Access Products

 

Are you in the Starting Stages?

  • Micro Grant
  • Norfolk EDA Small Business Grant

Having significant Growth and Hiring Employees?

  • Reimbursable Grant

Does your Building need a Face-lift?

  • Façade Grant

Looking for Alternative Financing?

  • Norfolk Revolving Loan Fund
Apply Here

If you are reapplying or updating a previous application please contact the CAP admin team prior to applying at capitalaccessprograminfo@norfolk.gov. 

Open April 1st – April 30th at 11:59 PM

  • Funding Source: CDBG
  • Grant Amount: $1,500- $10,000
  • Years in Business: Approximately 0-2 years
  • Must have no more than 5 employees
  • Must have completed approved Technical Assistance Program, when applicable
  • 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: $1,500- $10,000
  • Years in Business: 0-4 years
  • Must have no more than 25 employees
  • Allowable Purchases include but are not limited to: marketing and advertising, inventory, materials, equipment, operating licenses, permitting and fees, real estate-based transactions, etc.
  • Ineligible Purchases: Payroll and/or salaries
  • Funding Source: CDBG
  • Grant Amount: $35,000
  • Years in Business: More than 2 years with documented sales and hiring experience
  • Business must hire 1 full time LMI Norfolk Resident
  • Allowable Purchases include but are not limited to: marketing and advertising, inventory, materials, utilities, equipment, training, professional fees, and supplies
  • 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: CDBG
  • Grant Amount: 50% of the project up to a maximum grant of $10,000.
  • Years in Business: No minimum
  • Business or Project must be in a Low to moderate income area and business must serve a low to moderate income area
  • Improvements must be visible to the public right-of-way
  • Allowable improvements include but are not limited to: repair, replacement or installation of new awnings, signage, windows, doors, and/or permanent landscaping, and other approved improvements
  • Funding Source: Federal EDA
  • Administer: Virginia Community Capital
  • Amount: $10,000 – $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

Toolbox

For Questions or General Inquiries