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How to apply for a FASTER WV Loan

 

Advantage Valley has always been a great place to start or grow a small business, and our team provides a wealth of resources to small business owners and entrepreneurs alike. Our FASTER WV (the acronym stands for Fostering Advantages for Start-Ups & Entrepreneurial Resurgence in WV) initiative is here to identify, encourage, and support businesses like yours through one-on-one business coaching, a series of information-packed workshops, basic business entrepreneurship courses, technical assistance, mini-grants, and loans from a revolving loan fund.

Let us help you as you navigate the challenges of starting or scaling a small business in Advantage Valley.

Work with a business coach to apply for a FASTER WV Loan from the Revolving Loan Fund.  

Loan Amounts range from $5,000 – $50,000

Eligible Uses:

  • Real Estate Acquisition
  • Equipment and Inventory
  • Working Capital

Non-Eligible Uses:

  • Refinance Existing Debt
  • Commercial Vehicles

Loan Duration:

  • Real Estate (10 years)
  • Equipment (7 years)
  • Operating Capital (3 – 5 years)

Interest Rate = Ranges from Prime to Prime + 4.25

Can be combined with loans from other lenders.  *Loans must be one of our prioritv sectors.

Eligible borrowers:                                                       

  • Private, for profit businesses
  • Private, for profit developers (binding commitments)
  • Must not have delinquent debt to the State
  • Borrower located in or activity benefits the Advantage Valley Region
  • Credit is not otherwise available

 

Advantage Valley

Bryan Shaw

Director of Entrepreneurial Development

(304) 352-1165
Send Bryan an Email!

Advantage Valley

Barbie Wood

FASTER WV Business Coach

(304) 633-4829
Send Barbie an Email!

Unlimited Future

Jules Bills

FASTER WV Business Coach

(304) 697-3007
Send Jules an Email!

Sector Specific Resources for Business Owners

Click on your industry for more information!

Childcare

Construction Trades

Food and Beverage

Healthcare

River & Outdoor Recreation

Small Manufacturing

Archive of Recorded FASTER WV Webinars

Watch Now!

FASTER WV Webinar

Steps to Scaling Your Food and Beverage Business

May 13, 2021

FASTER WV Webinar

Entrepreneurship Opportunities in Advantage Valley

July 22, 2021

FASTER WV Webinar

How to Start a Small Manufacturing Business

September 2, 2021

FASTER WV Webinar

How to Start a Construction Business

November 11, 2021

FASTER WV Webinar

How to Start a Child Care Business

December 9, 2021

FASTER WV Webinar

Help Starting or Expanding Your Business

November 17, 2020

FASTER WV Webinar

Start a Child Care Business

December 9, 2020

FASTER WV Webinar

Start a Construction Company

January 7, 2021

FASTER WV Webinar

Start a Health Care or Wellness Business

February 11, 2021

FASTER WV Webinar

River & Outdoor Recreation Business Opportunities

March 25, 2021

FASTER WV Kickoff Webinar

April 15, 2020

FASTER WV Webinar

Cottage Food Sales

June 10, 2020

FASTER WV Webinar

River & Outdoor Recreation

July 29, 2020

FASTER WV Webinar

Mastering the Basics of Hosting AirBNB

August 19, 2020

FASTER WV Webinar

Maker to Manufacturer

November 5, 2020

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