Business Loans in Virginia

Virginia is a state that has a balanced and healthy economy with an array of different industries contributing. Once exclusively known for its tobacco farming, the state has built a strong and diverse local economy. 

The aerospace industry is thriving throughout the state, with upwards of 200 aerospace companies residing in Virginia, including major companies such as Boeing and Raytheon. With its proximity to the nation's capital, Virginia’s small business economy has flourished from the rise of the technology industry and the revenue that comes from the military presence in the state. 

Potomac Mutual Trust is a prominent provider of Virginia small business funding solutions, offering various loan products designed to meet the needs of small to medium-sized enterprises. 

• Acquire a small business in Virginia
• Refinance existing loans and debts from business credit cards 
• Purchase or refinance commercial real estate
• Buy or lease machinery and equipment
• Purchase inventory and raw materials
• Improve business cash flow
• Prepare for the busy season
• Marketing and advertising campaigns
• Upgrade technology and business software
• Renovate existing office space
• Cover day-to-day operating expenses

Business loans provide additional working capital to give small business owners the flexibility to take on bigger projects and clients. 

The technology industry continues to grow and provide billions of dollars and jobs throughout the state. Small business loans in Virginia help businesses take on both small projects and large government projects to ensure everything is properly managed. 

A Merchant Cash Advance is an excellent  financing options for businesses looking to address a time-sensitive business need. It’s usually utilized when small businesses are still in the process of securing a more permanent comprehensive loan. Merchant Cash Advances are usually short-term, with repayment periods not exceeding one year. Approval is quick and the funds can be in your bank account within 24 hours.  

Virginia business rescue funding proceeds can be used towards machinery and real estate payments, day-to-day expenses, inventory, renovations, or bridging cash flow gaps. Business rescue funding can be short-term, medium-term, or long-term. Each is classified according to the length of its repayment period. These proceeds can be used to address a range of business needs including building construction, working capital, inventory, payroll, and others.