Hispanic Small Business Loan Program

Programa de préstamos para pequeños negocios Hispanos

Hispanic-owned small businesses are invited to apply for 0% loans and business coaching to support business expansion and job creation.

About the program

The Virginia Hispanic Chamber of Commerce has partnered with LISC Virginia to launch the Hispanic Small Business Loan Program. This program invests in the strength and potential of Central Virginia's Hispanic business community.

Through our partnership, we will provide small businesses 0% interest loans to help grow, hire new staff, purchase equipment, and more. As businesses repay their loans, LISC Virginia and the Virginia Hispanic Chamber will recycle the dollars back into our region's Hispanic business community. The Virginia Hispanic Chamber will assist loan recipients with free coaching to help them be more successful and sustainable in the long-term.

Sign up to be notified for the next loan term

Eligibility Requirements

Hispanic-owned: businesses owned more than 50% by individuals identifying as Hispanic/Latino
Geography: Businesses located in the City of Richmond, Henrico County, or Chesterfield County
Longevity: at least 2 full years of operating history
Revenue: gross revenue between $60,000 and $2,000,000 (based on most recent tax return)
Credit score: No minimum credit score
Business type: for-profit businesses; nonprofits and sole proprietors are ineligible

Loan Terms

Loan amount: $15,000 - $75,000
Interest: 0% interest
Deferred payments: No payments first 6 months
Loan term: 3-7 years
Amortization: 3-7 years
Collateral: no collateral required

About LISC

For more than 30 years, LISC Virginia has worked with residents and community organizations to revitalize under-served neighborhoods across Central Virginia by investing in the interconnected areas of housing, health, education, public safety, and employment.

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