SourceLink Virginia is now hosting the LoanSpotVA initiative that was initially launched as a pilot project of the Virginia Community Economic Network in 2015. LoanSpotVA is an effort to address small business capital access gaps by connecting Virginia entrepreneurs to Accion US - the nation's largest nonprofit provider of business microloans – and a network of community-based business assistance organizations around the Commonwealth. The goal is to lower the financial barriers that main constrain the ability of Virginians to start, manage, and grow their enterprises
While the initiative initially had its own website, the strategic decision was made to consolidate LoanSpotVA into SourceLink Virginia. The content that was hosted on the LoanSpot.org (which is under new management) has been fully replicated on its new online home.
While the initial focus of LoanSpotVA was to address capital access gaps in under-served geographic markets around the state, it has now taken on a statewide focus. Entrepreneurs from any corner of Virginia should feel free to seek resources that they need from Accion while utilizing the SourceLink Virginia network of business resource providers to address their business-building needs.