Business Loans in Virginia Beach, VA

Virginia Beach is the largest city in Virginia and one of the most economically distinctive coastal metros on the East Coast. The city is simultaneously a major military hub — Naval Air Station Oceana, Joint Expeditionary Base Little Creek-Fort Story, and the nearby Naval Station Norfolk form the largest naval complex in the world — and a major tourism and beach economy that draws 13 million visitors annually. The combination creates two parallel small business economies with very different capital needs that often exist within blocks of each other.

The military economy creates substantial small business demand in every service and supply category. Businesses serving active duty personnel and military families — restaurants, retail, auto repair, childcare, financial services, healthcare — have some of the most stable consumer bases in the country. Defense contractor small businesses serving the naval installations face the universal government contracting capital challenge: performance before payment. IT services companies, facilities management firms, training contractors, and specialized engineering businesses with Navy contracts use invoice factoring and working capital facilities to bridge the gap between service delivery and payment receipt.

The tourism and beach economy operates on an intense summer seasonality that creates significant pre-season capital needs. Hotel owners, restaurant operators, surf shops, water sports rental businesses, and beach service companies need to hire seasonal staff, stock inventory, and complete any facility improvements before the Memorial Day weekend opening of peak season. A Virginia Beach restaurant that generates 65% of its annual revenue between June and September cannot wait for bank approval in April. Revenue-based funding tied to the in-season cash flow is the only capital tool that works for this business model.

The Town Center development has added a year-round commercial economy of retail, restaurants, and professional services that is less seasonal than the oceanfront. Chesapeake and Norfolk's business economies are effectively contiguous. FundCapa has funded Virginia Beach businesses across every sector with approval under 1 hour.

We also serve businesses in Chesapeake, Norfolk, Portsmouth, Suffolk, Hampton, Newport News, and throughout Hampton Roads.