Patrick County Chamber of Commerce, Stuart, Virginia


People Incorporated Receives $300,000 To Support Women-Owned Businesses

Normally occurs every year in June, July, August, September

People Incorporated Financial Services has been awarded $300,000 through the Commonwealth’s Capital for Communities Fund (CCCF) to support and empower women entrepreneurs with accessible financial products and coaching. Funding will also support existing business lending and technical assistance across the agency’s 16 city and county service area. “This funding allows us to expand access to much-needed capital to historically underserved populations, including women-owned businesses and low-income community members,” said People Incorporated Director of Community Economic Development Stephanie Lillard. “Women entrepreneurs continue to face barriers to capital needed to grow or start their businesses, and we hope this funding will help break down walls and support the start-up and expansion of women-owned businesses across the commonwealth.” The Federal Reserve’s 2022 Small Business Credit Survey showed that women-owned businesses frequently encounter barriers to obtaining capital to support and grow their businesses. People Incorporated established People Incorporated Financial Services in 2000 to meet the financing needs of disadvantaged individuals and entrepreneurs in Southwest Virginia and has since expanded to serve the Northern Piedmont, Northern Shenandoah Valley and Greater Prince William regions with its loan products and financial services. People Incorporated is proud to be the only Community Development Financial Institution (CDFI) headquartered in Southwest Virginia. Visit our website to learn more about our business loans and financial services or give us a call at 276-619-2297!

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