The Norfolk Capital Access Program 2024 is an innovative initiative designed to offer alternative and affordable financing options for businesses that may lack access to conventional financing resources. Suitable for both budding entrepreneurs and established business owners, the program offers a range of financial products such as microgrants of up to $7,500 for new businesses, a $10,000 Micro Enterprise Grant for additional support, and a substantial $35,000 Reimbursable Grant for businesses operating for three to ten years. The program requires attendance at a mandatory workshop designed to guide applicants through the application process to ensure their applications stand out. This game-changing program is set to revolutionize Norfolk’s entrepreneurial community by providing the support and resources necessary to elevate businesses to new heights.

About CAP

The primary goal of CAP is to provide alternative, affordable financing options to businesses that may not have access to traditional financial resources. Whether you’re a budding entrepreneur or an established business owner, CAP has the tools to help you thrive.

CAP Products

  • Microgrant: Up to $7,500 for businesses less than three years old with up to five employees. Perfect for covering costs like supplies, equipment, inventory, and professional services.
  • Micro Enterprise Grant (New Tier): $10,000 aimed at providing additional support.
  • Reimbursable Grant: A substantial $35,000 for businesses operating between three to ten years, requiring at least two years of documented revenues and fewer than 50 employees. These funds support essential purchases excluding payroll, rent, and utilities.

CAP Workshops

Attendance at a mandatory workshop is required to apply. Workshops are designed to guide applicants through the process, ensuring their applications stand out. Various dates and locations are available to accommodate busy schedules, including virtual sessions.

The 2024 Capital Access Program is a game-changer for Norfolk’s entrepreneurial community. Don’t miss the opportunity to elevate your business with the support and resources CAP provides. Visit norfolkdevelopment.com for more details and workshop registration.

You can download the CAP 2024 workshop schedule here.

You can download a CAP flyer here.

Question & Answer

What is the primary goal of the Norfolk Capital Access Program 2024?

The primary goal of CAP is to provide alternative, affordable financing options to businesses that may not have access to traditional financial resources.

What financial products are offered by the CAP program?

The program offers microgrants of up to $7,500 for new businesses, a $10,000 Micro Enterprise Grant for additional support, and a substantial $35,000 Reimbursable Grant for businesses operating for three to ten years.

What is required to apply for the CAP program?

Attendance at a mandatory workshop is required to apply. Workshops are designed to guide applicants through the process, ensuring their applications stand out.