Virginia Small Business Financing Authority - Fiscal Overview 2020-2024

The Virginia Small Business Financing Authority (VSBFA) has reported fiscal data for the years 2020-2024, showcasing a total direct and support amount awarded to various programs and initiatives. In 2022, VSBFA awarded over $6.7 million in small business financing, contributing to the creation of nearly 20,000 jobs in the Commonwealth.

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• VSBFA
• Small Business Financing
• Virginia
• Fiscal Overview
• Jobs Creation

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Uploaded on Apr 03, 2024 | 0 Views

Presentation Transcript

1. The Virginia Small Business Financing Authority

2. Virginia Small Business Financing Authority

4. VSBFA Fiscal Years 2020-2024 FY24 FY24 - - July 2023 to July 2023 to November 2023 November 2023 Amount Amount $ 193,841.00 $ - $ 1,041,925.00 $ 479,584.28 $ 610,000.00 $ 1,545,000.00 11 $ 3,870,350.28 $ 3,870,350.28 FY20 FY20 Amount Amount FY21 FY21 Amount Amount FY22 FY22 Amount Amount FY23 FY23 Amount Amount Program Program # # 1 4 2 1 11 $ 210,500.00 1 $ 900,000.00 24 24 $ 5,937,882.39 $ 5,937,882.39 # # 5 1 1 1 9 0 19 19 $ 1,400,938.38 $ 1,400,938.38 # # 6 1 8 0 4 0 21 21 $ 2,862,059.78 $ 2,862,059.78 # # 2 3 3 1 7 2 18 18 $ 9,413,173.99 $ 9,413,173.99 # # 1 0 2 2 3 3 11 Child Care Federal EDLF Loan Guaranty SSBCI CCP Microloan VSBFA EDLF Total $ 92,368.76 $ 3,590,000.00 $ 862,500.00 $ 250,000.00 $ 232,969.02 $ 600,000.00 $ 75,000.00 $ 260,000.00 $ 127,969.36 $ - $ 391,487.76 $ 495,000.00 $ 1,741,993.75 $ - $ 83,578.27 $ - $ 400,000.00 $ 5,742,690.00 $ 565,387.19 $ 60,000.00 $ 187,596.80 $ 2,457,500.00 $10,000,000.00 Total Direct Total Support Total $9,000,000.00 $8,000,000.00 $7,000,000.00 $6,000,000.00 $5,000,000.00 $4,000,000.00 $3,000,000.00 $2,000,000.00 $1,000,000.00 $- FY20 FY21 FY22 FY23 FY24 YTD as of Nov AS OF NOVEMBER 2023

5. AS OF MAY 2023

6. During the year2022, VSBFA VSBFA awarded more than $6.7+ million in small business financing, creating and impacting nearly 20,000 jobs in the Commonwealth.