People Incorporated links entrepreneurs, individuals, and families to financial services, affordable housing and transportation to develop a more prosperous, sustainable and viable economy throughout Virginia.

Business Development and Loan Services

People Incorporated offers financial assistance microenterprise loans, business training and technical services to help start or expand businesses, which in turn, creates jobs.

Click here to access the Business Loan Application


Consumer Loans

Loans with an affordable interest rate of Prime + 5% are offered to individuals for up to 36 months to provide assistance with many household expenses, car purchases and bill consolidation.

Individual Development Accounts (IDAs)

IDAs facilitate a pattern of regular savings for modest income working families using matching funds. Clients build assets and long-term economic security.

New Markets Tax Credits

The New Markets Tax Credits program attracts private investment to community development projects in low-income communities by offering tax credits to investors in return for qualified equity investments. People Incorporated, a qualified Community Development Entity, uses the investment funds to make loans to high impact businesses that create jobs and build opportunities and economic growth in low-income communities.

Ninth District Development Financing

This revolving loan fund assists businesses and nonprofits in the ninth congressional district, particularly with projects that enhance tourism and expand economic development.

Applications

Applications can be downloaded and filled out electronically, but must be printed to allow for original signatures.

Business Loan Application

Watch our 30 second Community and Economic Development Public Service Announcement.

Video

Fast Facts

  • 1,339 participants trained in Financial Literacy, Microenterprise, or received one-on-one technical assistance through People Incorporated Financial Services.
  • People Incorporated Financial Services provided 72 business training events throughout Southwest Virginia and Northern Shenandoah Valley.
  • 12 clients were enrolled in the Individual Development Accounts (IDA) program, $12,579 total dollars saved by IDA clients.
  • 5 clients reached their savings goal and purchased their asset.
  • $4.2 million total dollars lent out by Ninth District Development Financing since inception.
  • 53 new multi-funded loans, $12,222 average loan size, $790,181 total loaned .
  • 53 business and 27 consumer loans repaid in full to People Incorporated Financial Services.
  • 55.5 new jobs created and 41 jobs retained as a result of community economic development program activities.
  • 28 business expansions due to assistance provided by People Incorporated Financial Services.
  • 25 business start-ups were assisted by People Incorporated Financial Services.
  • People Incorporated Financial Services provided training and technical assistance to 13 Microenterprise Development Organizations throughout Virginia as a Regional Service Provider through the Virginia Enterprise Initiative.