Available Small Business Grants

VBThrive Business Relief Grant Program

The VBThrive Business Relief Grant Program is a collaboration of LISC Hampton Roads and United Way of South Hampton Roads. This grant program is sponsored by the City of Virginia Beach to aid businesses in recovery from the ongoing economic impact of the Covid-19 pandemic. For eligibility requirements and how to apply, click here.

Virginia Beach Small Business Capital Access Program NEW! - Reopen

The City of Virginia Beach announced a new capital access program to provide $400,000 to qualifying small businesses in the form of zero-interest loans. The new program was created in an effort to support the entrepreneurial ecosystem of Virginia Beach and is the result of a collaborative effort between the Department of Economic Development and the Local Initiatives Support Corporation (LISC) of Hampton Roads. Out of the $400,000, $75,000 are available to qualifying businesses.

  • See eligibility criteria and loan terms here.
  • Read the City's announcement here.
  • Download the application here.

For questions about the program, please contact us at TheHive@vbgov.com or call (757) 385-2470.

Small Business Readiness for Resiliency (R4R) Program

Small Business Readiness for Resiliency (R4R) Program helps small businesses put plans in place to prepare for disaster and provides immediate emergency funding when necessary. There will be more than 100 grants of $5,000 each, available to be distributed between now and June 2023. Application materials can be found here.

Economic Equity Fund

The Economic Equity Fund is a $10 million loan fund that provides low-cost financing for small business owners who are women and/or Black, Indigenous, or People of Color (BIPOC) and were disproportionately affected by the economic impact of the pandemic. In addition to low-interest loans for eligible borrowers, resources have been allocated to provide free technical assistance and consulting for eligible small businesses and community-based partners. It’s a rolling application. It closes December 31, 2024.

“Queer to Stay” Initiative

Business owners with an LGBTQ+-serving business are invited to submit an application for funding using this form between now and August 31.

More grants can be found here.