Funding Options for Small and Growing Businesses

Small businesses require capital to grow. Unfortunately, many loan programs are designed to serve larger businesses. To close the funding gap, the Department of Commerce offers your growing business several loan programs that can help you purchase new equipment, renovate, expand or construct facilities, support early stage product development or repurpose properties that have been abandoned or underutilized due to environmental issues.

Young female entrepreneur reviewing her financial statements

Small Business Credit Initiative

Commerce has been awarded $163.4 million from the U.S. Department of Treasury to launch five innovative small businesses lending programs. The programs are to promote entrepreneurship, support small business ownership, and increase the flow of capital in underserved communities.

Export company employee counts pallets before shipping

Export Voucher Program

Funded in part by a Small Business Administration grant, the Export Voucher Program helps small businesses offset some of the costs (up to $5,000) of getting into the export business or expanding into new international markets, such as trade show or trade mission fees, travel or the cost of hiring translators or interpreters.

Contractors lay pipe to make improvements to community infrastructure

Community Economic Revitalization Board

Infrastructure is an essential ingredient for creating economic growth and vitality. To expand and grow, businesses need roads, ports, water, power and connectivity. To provide this critical infrastructure, the Community Economic Revitalization Board (CERB) funds a variety of projects that have not only strengthened communities throughout the state, but created more than 34,000 jobs in the process.

A loader dumps dirt at a clean up site for a Brownfields project

Brownfields Revolving Loan Fund

Infrastructure is an essential ingredient for creating economic growth and vitality. To expand and grow, businesses need roads, ports, water, power and connectivity. To provide this critical infrastructure, the Community Economic Revitalization Board (CERB) funds a variety of projects that have not only strengthened communities throughout the state, but created more than 34,000 jobs in the process.