February 27, 2026
Accessing capital can be one of the biggest hurdles for new and growing businesses. Good news! The Greenbrier Valley EDC’s Microloan Program is one of the many financing options for businesses in our region. As part of our services to businesses, we help companies find options for capital outside of traditional lending options.
From microloans to financing of large industrial products, the Greenbrier Valley EDC and our partners have programs that can help you achieve your goals.
Greenbrier Valley EDC Microloans: For the Local Entrepreneur
Greenbrier Valley EDC’s Microloan Program is poised to help entrepreneurs who may be credit-worthy but may find traditional funding avenues challenging. Our staff help businesses with one-on-one support through the process.
Loan Details:
- Loan amounts: $5,000 – $30,000
- Interest rate: Prime + 1%
- Terms: Up to 15 years with flexible structures
- Application fee: $150
- Closing costs: None
- Requirements: Bank credit denial letter, business plan, personal guarantee, and collateral
- Eligibility: Businesses located in Monroe, Greenbrier, or Pocahontas County
Funds can be used for:
- Renovations and facility improvements
- Equipment purchases
- New construction
- Inventory or other essential business needs
Microloan funds can also be layered with other financing programs to assist with down payments or gap financing.
Funding for the Microloan Program is provided through the United States Department of Agriculture. Greenbrier Valley EDC is proud to be an equal opportunity provider, employer, and lender.
Beyond Greenbrier Valley EDC Microloans: A Network of Financial Resources
Greenbrier Valley EDC also connects businesses to a wide range of financial tools and partners. We love our local financing institutions, and they love small businesses. We work closely with banks and mission-driven lenders to match businesses with appropriate financing. Every business is different and so are funding needs.
Woodlands Development and Lending offers real estate and small business loans up to $250,000. Businesses are guided through the process by a team of experts and business advisors.
Partner Community Capital offers microlending and larger loans throughout our region to businesses and nonprofits, with advising and technical assistance throughout the process.
Wyoming County EDA offers flexible financing options to businesses statewide, helping companies access capital that supports expansion and job creation.
For larger loans, West Virginia Economic Development Authority offers direct loans for manufacturing, as well as loan insurance and industrial bonds. These programs are especially valuable for companies making significant capital investments.
U.S. Small Business Administrative loans guarantee reduce risk for local lenders, making it easier for businesses to secure financing for start-up costs, expansions, equipment, or real estate. The WV SBDC is uniquely positioned to make your SBA funding applications a success by assisting with loan packages.
West Virginia Capital Access Program offers innovative financing solutions designed to help businesses that may not fit traditional underwriting models. From collateral support to subordinated debt, a number of programs are offered by many statewide partners.
The West Virginia Jobs Investment Trust is a public venture capital fund created to develop, promote, and expand West Virginia’s economy by investing in high-growth companies across the state.
With so many options, we’re here to help you find the best fit and connect you personally with our partners.
What About Grants?
Many entrepreneurs ask about grants. While business grants do exist, they are far less common than loans and often highly specialized and competitive. Understanding realistic funding options is critical when planning your business strategy. For more information on this topic, see our blog Show Me the Money.
Let’s Build Your Business Together
Whether you’re launching a start-up, purchasing equipment, renovating a storefront, or planning an expansion, the Greenbrier Valley EDC is here to help you find the right capital solution. To learn more about the Microloan Program or other available resources, call our office at 304-497-4300 or email info@gvedc.com.
Your business idea deserves the right financial foundation and we’re ready to help you build it.
