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The Hive

4636 Columbus Street
Virginia Beach, Virginia 23462
(Virginia Beach Town Center at the corner of Independence Blvd. and Columbus St.)

(757) 385-2470

Virginia Beach Small Business Capital Access Program

Note: The grant is no longer open and available.


  • Loan Amount:  $15,000 - $25,000
  • 0% Interest
  • First 6 months, no payments
  • Loan Term: Up to 36 months
  • Amortization: 36 months
  • 100% forgivable if business is in financial distress

Recommended Eligibility Criteria:

  • Business in opeation for a minimum of 2 years
    • Business must be in good standing
    • Must be incorporated as a business
    • Hold a current business license in Virginia Beach
    • Active Status in the Virginia State Corporation Commission Clerk’s Database
    • Not be in bankruptcy or delinquent
  • Annual net profit not less than $50,000 and not to exceed $1 million as evidenced by financial statements or other relevant financial documentation.

Allowable Loan Uses:

  • Working Capital
  • Furniture/Fixtures/Equipment
  • Renovations/up fits
  • Refinance Current business debt

Basic Information

Woman Owned

Is the business operated by a minority or veteran business owner?

Does the business operate from a commercial / storefront space?

Is the business home- or internet-based?

Application Checklist

Provide a copy of your W-9

Financial Statements: Year-to-date profit and loss statement and balance sheet. Previous year profit and loss statement and balance sheet, if previous year business tax returns have not been filed.

Sources and Uses of Funds: List of uses for the recoverable grant and any other project funding sources (if applicable)

Borrower and Organization specific information:

Bios on key staff (if applicable)

Articles of Incorporation, EIN letter, and W9

Other Financial Statements

Debt schedule and most recent statement for any forms of current debt

Aging of receivables and payables

Financial projections

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