West Virginia Business Resource Directory

Financial AssistanceS t a t e w i d eWV Economic Development Authority (WVEDA)Program: Loan Insurance Program/Leveraged Technology Loan Program*ContactLoan Officers:Tony BenedettoJoey BrowningSteve Webb304.558.3650Tony.P.Benedetto@wv.govJoey.D.Browning@wv.govSteven.J.Webb@wv.govhttp://www.wveda.org/program-loaninsurance.htmlTargetAudienceFundingAvailable to all business borrowers regardless of size or industry.StateTotal available: $8,561,932ApplicationProcessMinimum or maximum amount a participant can receive:Maximum insured portion is equal to 80% of the loan extended by anapplicant, bank or the maximum insured amount of $500,000 insurance (80%of a $625,000 loan).Applications are provided to business lenders upon request. A non-refundable$500 application fee is required to be submitted with the application which willbe applied toward a minimum 1% of insured amount closing fee if approved.Deadlines:Applications must be received by the first Thursday of each month forconsideration at the following month’s Board of Directors’ meeting.W E S T V I R G I N I A D E V E L O P M E N T O F F I C E D–91