Small Loans for Small Businesses

Microloans with Greenbrier Valley EDC

Designed for entrepreneurs who may not qualify for traditional bank financing, the Greenbrier Valley EDC’s microloan program may work for you. Whether you have a need for equipment, renovation, or expansion, let the Greenbrier Valley EDC walk you through the process.

Loan Can Be Used For:

  • Renovation
  • Working Capital
  • New Construction
  • New Equipment



  • Inventory
  • Down Payments
  • And Much More!


  • Located in Greenbrier, Monroe, or Pocahontas County.
  • New or existing legal business.
  • Current on state taxes.
  • Must meet loan application policies.
  • Unable to secure traditional bank financing.


Loan Details

  • Loans from $5,000-$30,000
  • $150 application fee
  • Interest rates at Prime +1%
  • Terms up to 15 years
  • 60 days before first payment
  • Collateral required for all loans
  • Personal guarantee for all loans

Loan Payments

This is a loan program – not a grant program

  • Collections are aggressively pursued.
  • $10 late fee assessed after 10 days.
  • Collections may begin after 60 days.

Loan Application Process

  • Request Loan Application or download below.
  • Complete credit report and state tax form and mail to the GVEDC with a check for the $150 non-refundable application fee.
  • Complete loan applications and send in all documents listed on checklist.
  • Review loan application documents with GVEDC representative and make changes as necessary.
  • Loan board makes decision on application and notifies loan applicant.
  • If approved, GVEDC representative works with borrower to prepare closing documents and to schedule a closing. There are no additional closing costs!


If you have questions about the Microloan or having problems opening the PDF, contact Amy Truesdale at or (304) 497-4300.

Greenbrier Valley Economic Development Corporation is an equal opportunity provider, employer, and lender.