Economic Development Authorities
Opening A Business in Falls Church
Doing Business in VirginiaGuide to Doing Business in Fairfax County
Virginia Business Resources
Virginia Department of Business AssistanceVirginia Small Business Financing Authority, including the following programs:
- SWaM Business Loan Fund: A direct loan from the VSBFA to the business client that does not require a bank’s participation in the transaction.
- Economic Development Loan Fund: A companion loan for fixed asset financing needs designed to fill the financing gap between the bank’s loan and private equity.
- Child Care Financing Program: A direct loan from the VSBFA to a child care center or a family home provider.
- VSBFA Small Business Investment Grant Fund
- SSBCI Cash Collateral Program: Most typically used in those situations where the business loan applicant has the demonstrated ability to cash flow the debt, but the collateral coverage is insufficient for the bank’s normal underwriting standards. This program can be used for lines of credit or term loans.
- Loan Guaranty Program: This is a traditional deficiency guaranty of a bank loan.
- SSBCI Capital Access Program: This program provides loan loss insurance to a bank to cover a portfolio of enrolled loans.
- Private Activity Bond Issuances or Qualifying Manufacturers & 501(c) (3) Nonprofits: For those manufacturers and 501 (c) (3) non-profits which qualify for tax-exempt financing. Business owners who are unsure as to whether their business and their financing need qualify for tax-exempt bond financing should contact a qualified bond attorney before applying. Most local economic and industrial development authorities can issue bonds as well.
Resources for Small Businesses
Business Tax Information
Disaster Recovery and Relief
Resource Guide for Displaced Businesses
The Falls Church Chamber of Commerce has produced a resource handbook intended to help local businesses anticipate and successfully navigate business displacement challenges owing to condemnation, lease expiration and termination, eviction, rent increases, and redevelopment by the owner. The document provides information regarding best practices between tenants and land owners, contact information for key government agencies and officials, an overview of the redevelopment process, lease negotiation tips, information on finding space for relocation, and a list of permits required for business relocation.
The Resource Guide is available in PDF format by clicking HERE. Below is a list of separate sections, which are individually downloadable. In order to view PDF files, you will need Adobe Reader version 6.0 or greater installed on your computer.
Part 1: Introduction
Part 2: Leasing Tips & Negotiations
Part 3: Suggested Best Practices by Owners, Tenants, and Developers
Part 4: Understanding the Redevelopment Approval Process
Part 5: Finding Relocation Space
Appendix A: Business Assistance Resources
Appendix B: Chamber Strategic Actions
Entrepreneur Express Series
Entrepreneur Express is a series of training sessions offered throughout Virginia that provide interactive discussions covering key elements of business practices to move your business forward.
Follow these links to learn more.