Our History

Our History

Business Finance Group, formerly known as Virginia Asset Financing Corporation, was founded in 1982 as a non-profit Certified Development Company (CDC). Offering to businesses in the Maryland, Virginia, Washington, D.C. and West Virginia regions, Business Finance Group promotes economic development through participation in the U.S. Small Business Administration 504 Loan Program.

The unique combination of focused strategic direction, strong leadership and experienced staff, fueled the growth of the organization. We are the largest CDC in the mid-Atlantic region, and consistently rank in the top 5% of CDC’s in the country by loan volume.

Since inception, we have assisted over 2,100 small businesses to finance over $3.3billion dollars in projects. With an active portfolio of $453-2 million, we are proud of our strong track record of providing capital leveraged with conventional bank loans to create over 25,000 jobs. Additionally, we have an excellent track record of assisting under-funded minority, veteran, rural and women-owned businesses and organizations.

Awards

  • SBA Region 3 New Market Lender’s Award
  • SBA Outstanding Lender Award for Region 3
  • Top CDC in SBA Region 3
  • Top Producing CDC for SBA District Office, Washington, D.C.
  • Top Producing CDC for SBA District Office, Baltimore, MD
  • Top Producing CDC for SBA District Office, Richmond, VA