CLiMB Fund Small Business Loans
Purpose
The Campbell County Industrial Development Authority (IDA) has established the CLiMB Fund Revolving Loan Program to
- stimulate business development and expansion,
- encourage private investment,
- promote economic development, and
- enhance community vitality.
Loan Terms
Up to $25,000 loans with interest at 1% below the prime lending rate for a period of 60 months. No prepayment penalty.
Eligibility Requirements
Businesses must be located in or relocating to Campbell County and hold a Campbell County business license.
Start Small Campbell Grant recipients will be eligible for a CLiMB Fund loan no sooner than 3 years following receipt of the grant.
Any funds loaned must be used for business within Campbell County and cannot be used for other locations. When applying, please include a list of other locations of your business, if any, with the corresponding address. Conditions might apply for businesses with other locations.
Get Started with the Eligibility Form!
Please allow 5 business days for the initial eligibility evaluation. Economic Development staff will contact you with the next steps.
Contact Molly Eden at (434) 332-9869 or mheden@co.campbell.va.us with questions.