With funding from the federal Economic Development Administration and the Commonwealth of Virginia, the Virginia Economic Development Loan Fund (EDLF) is designed to fill the financing gap between private debt financing and private equity. Funds are provided for fixed-asset financing to new and expanding industries that are creating new jobs or saving "at risk" jobs in Virginia. Funds can be used for the acquisition of land and buildings, the purchase of machinery and equipment, and construction or improvements to a facility. Manufacturing companies and other industries which derive 50% or more of their sales outside of Virginia are eligible to apply.
The Danville Region through its partnerships with local and state agencies and financial institutions can provide a number of financial resources designed to attract new business and encourage the expansion of existing business.