Learn More about CDFI's and Small Business Resources in see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Charlottesville, Virginia resident and sole family breadwinner, Elizabeth James, have always dreamed of opening a tomato sauce manufacturing company. Elizabeth sought help through Kiva City Richmond, an initiative by Kiva.org and Capital One that makes crowdfunded loans available to entrepreneurs in the area who want to start or expand their business.