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Funding Resources
Need outside funding, but don't know where to go? The Entrepreneur Center @NVTC has assembled a library of funding sources to help emerging technology companies, like yours, find potential sources of funds.
| [-] | VENTURE CAPITAL ORGANIZATIONS AND RESOURCES |
An investment in a start-up business that is perceived to have excellent growth prospects but does not have access to capital markets. Type of financing sought by early-stage technology companies seeking to grow rapidly. The Venture Capital (VC) Industry is a major source of funding for the technology entrepreneurial community.
Chesapeake Capital Consultants (Chessiecap)
http://www.chessiecap.com/
Chessiecap raises capital for clients from the whole spectrum of private equity including venture capital, mezzanine lenders and leveraged buyout firms.
The Dingman Center for Entrepreneurship
http://www.smith.umd.edu/dingman/
The Dingman Center for Entrepreneurship at the Robert H. Smith School of Business, at the University of Maryland, offers networking and consulting services to entrepreneurs. Services include Business Plan Review and competitionand Mentoring.
Mid-Atlantic Venture Association (MAVA)
www.mava.org
MAVA's mission is to facilitate private equity investing in the mid-Atlantic region and represent the collective interests of venture capitalists investing in Virginia, Maryland and DC.
The National Venture Capital Association (NCVA)
http://www.nvca.org/
The National Venture Capital Association (NVCA) is the trade association that represents the venture capital industry. NVCA's mission is to stimulate the flow of equity capital to emerging growth companies by representing the public policy interests of the venture capital and private equity communities at all levels of government.
Springboard Enterprises
www.springboardenterprises.org
Springboard Enterprises is a national not-for-profit organization dedicated to accelerating women's access to the equity markets. Springboard programs include Venture Forums, Equity Matters Seminars, Growth Capital Workshops, and a Next Wave Initiative for Springboard alumnae. Their Web site contains resources and common sense explanations of key elements associated with fundraising, business planning, and other entrepreneurial processes.
Virginia's Center for Innovative Technology (CIT)
http://www.cit.org/programs/entrepreneur.html
CIT recognizes that the availability of early-stage capital is a critical need of many emerging technology companies by making connection with "hard to access" private and federal funding sources.Programs include GAP Funds, Federal Funding Assistance Program, Entrepreneurial Education and Virginia South Technology Acceleration Pilot Program.
| [-] | ANGEL FUNDING |
Angels are individuals who include professional investors, retired executives with business experience and money to invest, or high net worth individuals looking for investment opportunities.
Active Angel Investors
http://www.activeangelinvestors.com/index.htm
Active Angel Investors (AAI) invests in early-stage and expansion stage companies in the following sectors: business products and services, computers and peripherals, consumer products and services, financial services, IT services, media and entertainment, medical devices and equipment, and software. AAI prefers to invest within a four-hour drive of Washington, DC.
Chesapeake Emerging Opportunities
http://www.ceopportunities.com/
Chesapeake Emerging Opportunities Club, LLC (the "Club") is a manager-led Maryland limited liability company angel investing fund. The primary focus of the Club is to invest in early-stage companies with significant growth potential that operate in large markets, and are located within a two-hour drive of Columbia, Maryland.
The Dingman Center for Entrepreneurship
http://www.rhsmith.umd.edu/Dingman/programs/CAN/
In partnership with tech councils, incubators, and state-funded institutions, the Capital Access Network (CAN) enables entrepreneurs of start-up companies in Maryland, Washington DC, Virginia, and Delaware to connect with active, accredited angel investors. The purpose of the Capital Access Network (CAN) is to provide open and efficient access to early-stage capital for entrepreneurs in the DC Metro area.
eMedia Club
http://www.emediaclub.com/
The eMedia Club is an early stage venture fund administered by New Vantage Group (NVG). The Club was founded by John May, Managing Partner of New Vantage Group and Cal Simmons of ASAP Ventures. The Club finances high technology companies by participating in the Series A and B rounds of financing alongside other venture funds.
LaunchBox Digital
http://www.launchboxdigital.com
LaunchBox Digital is an early stage investment firm located in Washington, D.C., is focused on helping entrepreneurs get through those challenging early days by bringing capital, advice, and practical guidance to help early stage businesses succeed.
Space Angels Network
http://www.spaceangelsnetwork.com/
Space Angels Network is the premier source of aerospace dealflow for investors and of early-stage capital for aerospace-related ventures across a wide spectrum of technologies, markets, and industries. They are a professionally managed national network of accredited investors focused on aerospace-related opportunities.
Virginia Active Angel Network
http://www.virginiaactiveangelnetwork.com
Virginia Active Angel Network invests in Seed & Start-up and early stage companies in the following sectors: biotechnology, consumer products and services, electronics/instrumentation, industrial/energy, media and entertainment, medical devices and equipment and telecommunications. Virginia Active Angel Network prefers to invest within a four hour drive of Charlottesville and Blacksburg.
Virginia's Center for Innovative Technology's (CIT) Growth Acceleration Program (GAP)
http://www.citgapfunds.org/
CIT GAP Funds makes seed-stage equity investments in Virginia-based technology and life science companies with a high potential for achieving rapid growth and generating significant economic return.
| [-] | VENTURE CAPITAL GROUPS |
Venture Capital Groups are dedicated to helping first-time and experienced investors identify early stage investment opportunities
ABS Capital Partners
http://www.abscapital.com/
ABS Capital Partners is a private equity firm that was founded in 1990 to invest in mid- to later- stage growth companies in order to create significant, market-leading companies. The firm's investment strategy focuses on companies in the health care, technology, business services and media & communications sectors.
Abell Venture Fund
http://www.abell.org/abellinvestments/index.html
The Abell Venture Fund invests in a better tomorrow. Among the Foundation's investments are investments in companies that create jobs in Baltimore and promote various social objectives, such as increasing energy efficiency and producing alternative energy.
American Capital
http://www.americancapitalonline.com
American Capital is a buyout and mezzanine fund with three main lines of business: financial partner in management and employee buyouts; senior debt, mezzanine and equity financing for buyouts led by private equity firms; and capital directly to private and small public companies.
Anthem Capital Management, LLC
http://www.anthemcapital.com/
Anthem Capital Management, LLC is an early-stage venture capital firm that invests in growing businesses in the Mid-Atlantic States. They focus their investment activities in IT/telecom and healthcare/life sciences sectors.
Arlington Capital Partners
www.arlingtoncap.com
Arlington Capital Partners is a private equity firm with over $450 million of committed capital. They focus on management buyout and late stage expansion equity investment opportunities. Their target is middle-market companies with enterprise values typically between $50 million and $500 million in growth areas including: business services; IT services; telecommunications; media; industrial technology; outsourced manufacturing; and related information products and services industries.
ASM Resources Inc. (ASMR)
www.asmresources.com
ASMR's mission is to provide critical information, advanced training, high-level networking, expert services and seed capital to bioentrepreneurs and their organizations.
Aurora Funds
http://www.aurorafunds.com/
Founded in 1994, Aurora is a family of venture capital funds committed to providing resources to help early stage life science and information technology companies.
Avansis Ventures
http://www.avansis.com/
Avansis Ventures focuses its investments on entrepreneurs in the technological areas of wireless, storage, security, communications equipment, optical components and software for the internet infrastructure.
Blue Water Capital
www.bluewatercapital.com
Blue Water Capital has an exclusive focus on information technology and service companies that already have established revenue of $2 to $50 million dollars and are seeking investments for expansion.
Boulder Ventures, Ltd.
http://www.boulderventures.com/
Boulder Ventures, Ltd. Is dedicated to helping start-up, early-stage and emerging-growth companies. They invest primarily in the information technology and life sciences sectors.
BV Cornerstone
http://www.bvgroup.com/
BV Cornerstone currently manages BV Global Partners, a $150 million fund focused on investing in top-tier venture capital funds and expansion stage companies. In addition, principals of the Group have invested in and work closely with Cornerstone Ventures, a $100 million venture capital fund focused on investing in early and middle stage information technology companies. The Group also actively manages several other funds, from early stage venture capital funds to mezzanine funds.
Calvert Social Venture Partners, L.P.
http://mail.calvertventures.com/email/scripts/loginuser.pl
Calvert Ventures makes direct investments in companies run by entrepreneurs who have identified profitable ways of addressing society's needs.
Columbia Capital
www.colcap.com
Columbia Capital has been partnering with early-stage ventures to build communications and technology enterprises for more than twelve years. They approach each investment with a long-term commitment and seek entrepreneurs with a similar perspective. They seek to invest between $15 and $25 million over the life of each company, and will typically invest in multiple rounds of financing beginning with the initial seed round.
Core Capital Partners, LP
www.core-capital.com
Core Capital is a $170 million private equity fund that provides capital to both early-stage ventures and small to mid-sized growth companies. The common thread is that these companies are developing or incorporating disruptive technologies into their businesses. They focus principally on the kinds of "core" or fundamental technologies that enable or enhance information, data and communication. They are headquartered in Washington, D.C. and most of their investments are made on the East Coast.
Court Square Ventures (CSV)
http://www.courtsquareventures.com/
Court Square Ventures (CSV) is a venture capital firm investing in early-stage communications, information technology, and media companies transitioning from pre-revenue to first sales and accelerating growth.
Davidson Capital Group (DCG)
http://www.davidsoncapital.com
Davidson Capital Group's (DCG) primary focus is finding between $10 million to $300 million of Private Capital for growth businesses, with an emphasis on the communications, energy, technology and healthcare industries, to facilitate additional business growth through internal development, or to fund consolidation and merger and acquisition strategies.
DynaFund Ventures
http://www.dynafundventures.com
DynaFund focuses its investments primarily in U.S.-based technology companies. Their core industry investment sectors are communications & networking, electronics & photonics, infrastructure software, and process technology.
Edison Venture Fund
www.edisonventure.com
Edison Ventures focuses on investing in information technology companies including: financial services, pharmaceutical IT, application software, security and technology enabled business solutions.
Emerging Technology Partners, LLC (ETP)
http://www.etpvc.com/
Emerging Technology Partners, LLC (ETP) was founded with a simple mission: provide capital and aid management in building early-stage life science companies that will develop breakthrough product solutions in the fields of drug discovery and medicine.
Fairfax Partners
www.fairfaxpartners.com
Fairfax Partner's basic strategy is to combine new technologies with existing old-line companies, and to transform the business practices of the new company. The firm looks for business models that enable it to leapfrog the status quo through the application and implementation of proven technologies. These new technologies either radically alter existing sales and distribution channels, streaming business processes, or fundamentally improve management practices.
Gabriel Venture Partners
http://www.gabrielvp.com/
The Gabriel fund was created by Gabriel Investment Company to help build the emerging market leaders in the Communications and Networking, Information Technology, and Internet industries. They focus their activity on distinctive or proprietary products and technologies that capitalize on these trends and provide future industry leadership in emerging markets, a sustainable advantage in each applicable market, and superior management capabilities.
General Atlantic Partners
www.gapartners.com
General Atlantic Partners, a global investment company, is focused exclusively on information technology, process outsourcing and communications. And while they primarily invest in later stage companies, they have made numerous investments in companies in the formation stage.
GIV Venture Partners
www.givventurepartners.com
GIV Venture Partners invests in the Mid-Atlantic region with a focus on rapidly growing, privately held businesses in the technology, healthcare and services sectors. Their target investments range from $2 - $4 million to grow the business and capitalize on market opportunities.
The Grosvenor Funds
http://www.grosvenorfund.com
The Grosvenor Funds' strategy is to invest in early and expansion-stage companies that have proprietary, protected technologies addressing large markets and a clear business plan to become cash flow positive within 18 to 24 months.
Grotech Ventures
www.grotech.com
Grotech invests in early and late stage firms in both traditional and emerging industries-areas included are Communications, Technology and Consumer, Healthcare, and Business Products and Services.
The Halifax Group
http://www.thehalifaxgroup.com
The Halifax Group is focused on the long-term growth of its portfolio companies. Accordingly, they select investments with sustainable long-term growth opportunities and compelling long-term value propositions. Following the completion of a transaction, Halifax works closely with the management team to refine its long-term growth plan for the company.
Highland Capital Partners
http://www.hcp.com
Highland Capital Partners is an early-stage venture firm focused on building companies in the communications, information technology, and healthcare markets.
Inflection Point Ventures (IPV)
www.inflectpoint.com
Inflection Point Ventures (IPV) provides venture capital and business support for early stage telecommunications, information technology, and electronic commerce companies with the potential to generate rapid growth in revenue, profitability, and shareholder value.
In-Q-Tel
http://www.in-q-tel.org/
In-Q-Tel is a private, non-profit enterprise funded by the Central Intelligence Agency (CIA). Their mission is to identify and invest in cutting-edge solutions that serve U.S. national security interests. In-Q-Tel offers a source of capital, access to their network of technology companies and investors, and the opportunity to work on some of the toughest enterprise technology problems today.
Intersouth Partners
www.intersouth.com
Intersouth Partners is a regionally focused venture fund in the Southeast with an emphasis on Research Triangle Park, North Carolina, and the corridor between Washington, D.C. and Atlanta, Georgia. They seek investment opportunities in the information technology and life sciences sectors, and prefer to be the lead or co-lead investor. Their strong preference is to participate in the first institutional round of a company with an initial investment between $500,000 and $5,000,000. They also take a leadership role in subsequent financings, planning for an average total investment in a single company of $12,000,000 through all rounds of financing.
JMI Equity Fund
http://www.jmi-inc.com
JMI is a venture capital firm focused on enterprise application and infrastructure software and services - they invest in companies with rich intellectual property that automate and optimize business and information technology processes.
Katalyst New World Ventures (KNWV)
www.katalyst.com
Katalyst New World Ventures (KNWV), a joint venture formed in December 2002, has a specified focus on early-stage technology and telecommunications firms.
Kinetic Ventures, LLC
http://www.kineticventures.com/about.html
Kinetic Ventures seeks to partner with companies in four (4) industry segments: Growth Industrial Opportunities, where technology transforms traditional business and creates entirely new business models; Business Services and Outsourcing, where technology reduces the costs, increases the productivity of, or redefines service delivery models; Information Technology, where post-Internet converged networks are leveraged to bring greater efficiency, collaboration, security and functionality to enterprises; and Broadband Applications, where data, video and voice networks are made faster, more functional, more usable and more accessible.
Lazard Technology Partners
www.lazardtp.com
Lazard Technology Partners is a venture capital firm that focuses on early-stage investments in the areas of Communications, eBusiness, and Software. They invest primarily in first and second round financings in initial amounts from $1M to $10M.
MCG Capital Corporation
http://www.mcgcapital.com/
MCG Capital is a provider of capital supporting the growth and value creation strategies of small-to mid-sized companies in the communications, information services, media and technology sectors of the U. S. economy.
MMG Ventures, L.P.
http://www.mmggroup.com/
MMG Ventures, L.P. (The Fund) seeks to invest in small businesses that are at least 51% owned, controlled and managed, on a daily basis, by a person or persons whose participation in the free enterprise system is hampered because of social or economic disadvantages.
Mohr Davidow Ventures
www.mdv.com
Mohr Davidow Ventures invests solely in early stage companies who have an expertise in software, semiconductors, life sciences infrastructure, and communications.
Montagu Newhall Associates, Inc.
http://www.montagunewhall.com
Montagu Newhall Associates is an international venture capital fund of funds manager. Their funds seek to provide superior returns to their investors by accessing top-tier venture capital opportunities. The funds also make direct investments, alongside fund investments, in private companies with exceptional growth potential.
Monumental Venture Partners, LLC (MVP)
www.mvpfunds.com
Monumental Venture Partners, LLC (MVP) is an active and growing venture capital firm providing capital and business development assistance to early stage IT companies throughout the mid-Atlantic region.
New Atlantic Ventures
www.navfund.com/
New Atlantic Ventures (NAV) is an early-stage information technology venture capital fund based in Northern Virginia and Cambridge, Massachusetts. We focus on businesses in high-growth emerging mass markets. We are active investors and play an active role within our companies. We partner with entrepreneurs who have the energy, vision, experience and passion to build great companies and help them succeed through hands-on team building, partnerships, advice and support.
New Enterprise Associates (NEA)
www.nea.com
New Enterprises Associates (NEA) focuses its investments on early stage companies in the technology and healthcare industries. Their first investment can be as little as $200,000 or up to $20 million, and they typically support their companies through multiple rounds of financing.
New Horizons Venture Capital
http://www.newhorizonsvc.com/
New Horizons Venture Capital invests in early stage start-up firms with unique models that deliver high value-added, differentiated services while generating longer-term, sustainable earnings.
New Markets Growth Fund
http://www.newmarketsfund.com/
The New Markets Growth Fund is a venture capital fund that makes equity investments and provides operational assistance to both early-stage ventures and small to mid-sized high growth companies located in Northern Virginia, Maryland and Washington DC. They seek situations where either start-ups or more mature companies can commercialize innovative products and processes into domestic and foreign markets.
NextPoint Partners, LP
www.nextpointvc.com
NextPoint Partners is a seed and early-stage venture capital fund that invests in technology companies, mainly in the software sector, in the Mid-Atlantic region.
North Bridge Venture Partners
www.nbvp.com
North Bridge Venture Partners is an active, early-stage venture capital fund based in the Boston, Massachusetts area. A typical project may require up to $20 million of their capital, but it is not unusual for them to seed projects with an initial commitment of $100,000 - $200,000 and provide incubation space right in their offices.
Novak Biddle Ventures Partners
http://www.novakbiddle.com/
Novak Biddle Venture Partners provides equity financing and assistance to the management of young, information technology companies.
OCG Ventures, LLC (Optical Capital Group)
http://www.opticalcapitalgroup.com/
OCG Ventures is a venture capital firm focused on investing in data, cable and telecommunications service providers and infrastructure companies.
Parkway Capital Investors, LLC (PCI)
http://www.parkwaycapital.com/
Parkway Capital Investors, LLC (PCI) provides a capital alternative to middle market companies in the form of "mezzanine" financing. As the middle layer in the capital structure, mezzanine financing bridges the gap between senior debt and common equity in the form of subordinated debt or preferred stock. To permit PCI to participate in the success of its portfolio companies, the base security usually includes an equity feature. Appropriate situations using mezzanine financing might include: Business Expansion, Corporate Acquisition, Leveraged Buyouts, Recapitalizations, and Ownership Transfer.
Patriot Capital
http://www.patriot-capital.com/
Patriot Capital focuses on investment opportunities in small and medium-sized privately-held companies, typically having annual revenues of $10 to $200 million. Patriot Capital investments typically range from $1 million to $3 million in size and usually take the form of subordinated debt with a current coupon combined with warrants, preferred stock and/or common stock. In combination with their network of private equity and mezzanine professionals, Patriot can lead situations where a larger commitment of capital is required.
QuestMark Partners
http://www.questmarkpartners.com/
QuestMark Partners was founded in late 1998 by former Alex. Brown bankers, and is based in Baltimore, Maryland. They usually invest $5 to $15 million in emerging growth companies in the areas of software, medical device, and internet-based businesses, as well as enterprises in broader technology, health care and consumer areas.
Redleaf
www.redleaf.com
Redleaf provides capital for both pre-seed and seed-stage technology firms ranging in areas from Cyber Security to Payment Systems.
SpaceVest
www.spacevest.com
SpaceVest invests in space related and advanced technology companies.
Spencer Trask Media and Communications Group
www.spencertrask.com
With a network of co-investors and business leaders, Spencer Trask Media and Communications Group provides visionary entrepreneurs with both the financial and intellectual capital to transform bright ideas into world-changing companies.
Spring Capital Partners, L.P.
http://www.springcap.com/
Spring Capital's mission is to contribute to the success of small and medium-sized businesses by providing mezzanine financing.
Sterling Venture Partners
http://www.sterlingpartners.com/index.html
Sterling Venture Partners investments focus includes education, healthcare, business services, direct marketing, specialty manufacturing and distribution, and technology.
Syndicated Communications Venture Partners (SYNCOM)
http://www.syncomfunds.com
Syndicated Communications Venture Partners (SYNCOM) provides early stage growth capital to minority entrepreneurs and/or under-served market sectors. Through their most recent Fund, Syndicated Communications Venture Partners IV, L.P. ("SYNCOM IV"), SYNCOM seeks to grow early to mid-stage media and communications companies generally targeting under-served consumers or unique market opportunities.
Tall Oaks Capital Partners
http://www.talloakscapital.com
Tall Oaks Capital Partners, partners with companies in the software, bio-tech and healthcare IT sectors.
Telecommunications Development Fund (TDF)
www.tdfund.com
TDF is a private corporation based in Washington, DC financing early stage companies with innovative concepts and high growth potential in the telecommunications industry.
Thayer Capital
www.thayercapital.com
Thayer Capital Partners, a strategically focused private equity investment firm based in Washington, D.C., manages three private equity funds totaling approximately $1.5 billion. The firm manages buyouts, consolidations, and growth equity investments with a focus on industrial products and services.
Toucan Capital Corporation
www.toucancapital.com
The Toucan Capital Fund is a $120 million venture capital fund (SBIC) focused on early-stage life science and advanced technology investments.
Updata Partners
www.updatapartners.com
Updata Partners, an affiliate of Updata Capital, is a technology-focused private equity firm. Their primary objective is to assist entrepreneurs and managers build market leading, technology driven companies.
Valhalla Partners
www.valhallapartners.com
Valhalla Partners focuses primarily on early-stage technology companies in the Mid-Atlantic region, with a concentration in Virginia, Maryland, and Washington D.C.
Venturehouse Group
www.venturehousegroup.com
Venturehouse provides young private companies with investment capital, while also serving as strategic partners, providing them with expertise, support, infrastructure, and a network of services they need to flourish.
Walker Ventures, LLC
www.walkerventures.com
Walker Ventures invests in technology companies, with a focus on Internet infrastructure and software technologies in the Mid-Atlantic region.
Washington Capital Ventures
www.wcvonline.com
Washington Capital Ventures, launched in 2001, seeks to invest in early stage, East Coast based companies in the high tech, networking, and communications industries.
WWC Capital Group
www.wwccapital.com
WWC Capital Group invests $250,000 to $1 million in early and late stage technology firms in the areas of enterprise software, wireless, IT services, business process outsourcing and Internet areas.
| [-] | LOAN PROGRAMS |
Financing Your Business. Unsecured start up loan and new business loan programs are available.
Loan Help
Small Business Development Centers
- For Maryland SBDCs: http://www.mdsbdc.umd.edu/
For Virginia SBDCs: http://www.virginiasbdc.org/
For Washington DC SBDCs: http://www.dcsbdc.org/
Advanced Technology Program (ATP)
http://www.atp.nist.gov/
The Advanced Technology Program (ATP), part of the National Institute of Standards and Technology, bridges the gap between the research lab and the market place. Through partnerships with the private sector, ATP's early stage investment accelerates the development of innovative technologies that promise significant commercial payoffs and widespread benefits for the nation. ATP funds R&D projects that are commercially competitive, unlike SBIR/STTR or other forms of Government contracting the projects do not have to fulfill a particular Government need. This funding fact is just one of many features that sets ATP apart from other government R&D programs.
Maryland Financing Programs
http://www.choosemaryland.org/
.asp
The State of Maryland offers various government loans to help Maryland small businesses grow and expand. Their loans consist of: Maryland Economic Development Assistance Authority and Fund (MEDAAF), Economic Development Opportunities Fund (Sunny Day Fund), Smart Growth Economic Development Infrastructure Fund (One Maryland), Maryland Industrial Development Financing Authority (MIDFA), Maryland Small Business Development Financing Authority (MSBDFA), Community Development Block Grant Program-Economic Development (CDBG-ED) and the Maryland Economic Adjustment Fund (MEAF).
Pentagon Federal Credit Union
https://https://www.penfed.org/
Pentagon Federal Credit Union has created a business relationship with the National Cooperative Bank to bring Small Business Administration (SBA) loans to our members and their businesses in the Washington, D.C. metropolitan area (VA, MD, & DC). To be eligible to be a member one must have served with the Air Force, Army, Coast Guard, Department of Homeland Security, Air Force and Army Civilians within CONUS, DoD, or be a family member of one of the above. Some civilians who have worked in these areas qualify. To see if you are eligible click here (https://www.penfed.org/membership/joinNow.asp)
The Small Business Administration (SBA)
http://www.sba.gov/
The SBA offers numerous loan programs to assist small businesses. It is important to note, however, that the SBA is primarily a guarantor of loans made by private and other institutions. However, the SBA site is a great place to start when seeking a small business loan.
Small Business Investment Companies (SBIC)
http://www.sba.gov/INV/
SBICs can make long-term loans to small businesses in order to provide them with funds needed for their sound financing, growth, modernization and expansion. An SBIC may provide loans independently, or in cooperation with other public or private lenders. Such loans may have a maturity of no more than 20 years, although under certain conditions the SBIC may renew or extend a loan's maturity for up to 10 years. An SBIC may elect to loan money to a small business concern in the form of debt securities - loans for which the small business concern issues a security, which may be convertible into or have rights to purchase equity in the small business concern. These securities may also have special amortization and subordination terms.
Virginia Department of Minority Business Enterprise
http://www.dmbe.state.va.us/
To meet the financing needs of Virginia's businesses, the Virginia Department of Minority Business Enterprise has a program, known as Providing Access to Capital for Entrepreneurs (P.A.C.E.). Through its partnership with several Virginia banking institutions, the P.A.C.E . program provides working capital to expand businesses of disadvantaged entrepreneurs, who might not otherwise qualify for conventional bank financing.
Non-Bank/Non-Government Lenders
Crosshill Georgetown Capital
www.crosshill.com
Based in the Washington, D.C. area, CrossHill Financial Group provides senior secured debt with warrants to growth companies. This debt generally enables growth companies to bridge to their next equity funding, sale or merger.
Development Credit Fund, Inc. (DCF)
http://www.developmentcredit.com/
For over a decade, the Development Credit Fund, Inc. (DCF) has been providing financial services to minority owned businesses in Maryland, Washington, D.C. and northern Virginia. DCF has been designated by the U.S. Small Business Administration (SBA) as a preferred lender. DCF provides funds for qualified businesses which have been in existence for a minimum of 18 months. These funds may be used for Working Capital Financing, Financing Machinery and Equipment, Leasehold Financing, Business Acquisitions, Current Asset Financing and Lines of Credit. With its $7.5 million revolving loan fund, loans are available to qualified applicants for terms ranging from one (1) to ten (10) years. Each loan must be guaranteed by DCF's designated guarantee source.
MCG Capital Corporation
http://www.mcgcapital.com/
MCG is a leading provider of capital supporting the growth and value creation strategies of small-to mid-sized companies in the communications, information services, media and technology sectors of the U. S. economy. MCG provides customized solutions focused financings in the form of senior debt, subordinated debt and equity.
Mid-Atlantic Certified Development Company
http://www.mabfc.com/
The Mid-Atlantic Certified Development Company doing business as Mid-Atlantic Business Finance Company is a private, nonprofit corporation certified by the U.S. Small Business Administration in May 1982, to serve 23 county areas of the state of Maryland and Baltimore City. In October 1997, Mid-Atlantic was certified to also serve Kent and Sussex Counties, Delaware. Mid-Atlantic was created to provide existing viable small businesses with long term, below market rate financing for the acquisition of land and building, machinery and equipment and also for construction and renovation, resulting in the creation of new full-time job opportunities. Financing is arranged through Mid-Atlantic's authorization to sell debentures with the U.S. Small Business Administration (SBA) guarantee for up to 40% of the project. Small businesses that are credit-worthy and able to take on the additional debt are eligible.
