TBFC to expand VetLoan program

Published 12:23 pm Tuesday, November 14, 2017

CHESAPEAKE – Tidewater Business Financing Corporation (TBFC) — one of the largest Certified Development Corporation’s (CDC) in Virginia and the most active CDC in the Richmond District of the U.S. Small Business Administration — has been providing fee reductions to veteran owned small businesses as part of the National Association of Development Corporation’s (NADCO) VetLoan Advantage initiative since 2013.

“TBFC is pleased to announce that they will not only continue the current initiative, but also expand the program to offer fee reductions to spouses of veterans,” officials said in the release. “TBFC now becomes the first CDC in Virginia to expand their commitment, titled VetLoan Advantage Plus, to spouses of America’s veterans.”

The release cited that the fee reductions will create more opportunities for small businesses that are owned by veterans and their spouses, which will create more access to capital that is needed to make small business real estate ownership a reality.

Email newsletter signup