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Home > Financial Services > Accountants > Capital Source
Capital Source
Capital Source, formerly Virginia Community Development Loan Fund, Company is a Virginia Corporation formed in March of 1995. Capital Source has also received an Advanced Ruling from the Internal Revenue Service that recognizes the corporation as a 501 c 3 Tax Exempt Organization.
Capital Source can provide guidance to business owners on financial planning and management, price and cost analysis, and marketing and outreach strategies. Capital Source has a statewide network of strategic business partners that have all types of entrepreneurial expertise. With them, they can personalize a technical assistance plan that best fits your business and its current management or operational needs. Capital Source provides guidance to entrepreneurs in developing strategic and contingency plans, cash flow management, price and cost analysis, accounting systems, management coaching, and certain contractual issues.
Capital Source assists entrepreneurs in determining eligibility with their obtaining the financing that is needed through their affiliated financial institutions. They can support you in planning and selecting a financing solution and can provide loan eligibility insights. Capital Source assists entrepreneurs in assembling their financial request. Capital Source can assist in matching the small business to appropriate financing.
In financing products Capital Source provides Term Loans, Lines of Credit, Contract Financing, and Commercial Mortgages. In Term Loans This type of financing is structured with periodic repayment of principal and interest over a certain period of time, usually five to seven years. Loan proceeds are used for machinery or equipment purchase; permanent growth or expansion needs of your business, such as relocation, increased employees, inventory, or marketing expenses; or loans to refinance unreasonable existing debt. They may also be used for business acquisition or business start up. Repayment is expected from the cash flow from normal business operations.
In Lines of Credit Reoccurring short term capital needs can be met with a Line of Credit. They offer both revolving and non-revolving lines of credit to qualified borrowers to help cover the expenses of operating a business pending the receipt of payment for goods and services Principal repayment is expected upon collection of Accounts Receivable.
The mission of Capital Source is to assist in the development of alternative funding models that facilitate business development and subsequent economic development opportunities. The Company is accomplished by providing access to entrepreneurial training, technical assistance and loan capital to those entrepreneurs that lack access to traditional resources.
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