Financial Resources

MBC Development Corporation

Revolving Loan Fund Program

The Montgomery-Blacksburg-Christiansburg (MBC) Development Corporation is a local, non-profit, community development corporation. It was created to enhance and broaden the employment base in Montgomery County by providing small business with low interest loans not available form conventional sources. The recipients of MBC loans are small businesses that are deemed to have potential growth and success in their area of expertise or specialization. Typically, the loan period is five years or less, making it a short-term loan. The amount of the loan is determined by need and availability of funds (generally $5,000 to $50,000). Repayment terms generally require monthly or quarterly payments of principal and interest.

MBC seeks to fund small business needs where:

  • A financial supplement may be needed to “bridge” the gap between private investment and traditional borrowing.
  • Capital for a project is required to facilitate the participation of others.

MBC minimum requirements for applications:

  • Company to be located in Montgomery County, Town of Blacksburg, or Town of Christiansburg
  • Prepare comprehensive Business Plan
  • Submit related financial documents

**A business involved primarily in General Retail Trade IS NOT eligible for MBC loans.

Past Projects:

  • Financed the Montgomery County/Blacksburg Industrial Shell Building Project. Provided a loan to a biotechnology company in the Virginia Tech Corporate Research Center to allow for expansion and purchase of new equipment so the company could bring new patented products to market.
  • Loaned a Blacksburg chemical analysis and materials testing firm the funds to purchase state-of-the-art equipment allowing the company to remain competitive.
  • Provided a loan to a Christiansburg firm that produces precision designs and subsequent Dies, Molds, and machines to service the mass producing, metal and plastics industries.
  • Provided a loan to a Christiansburg Company in the Christiansburg Industrial Park to allow for the purchase of new state-of-the-art equipment in order to better serve the needs of the community and remain competitive in the market place.
  • Provided a loan to a manufacturing company in the Falling Branch Industrial Park to purchase transportation equipment to facilitate the effective shipping and delivery of their manufactured products

For more information on this program, contact:

MBC Development Corporation
755 Roanoke Street, Suite 2H
Christiansburg, VA 24073-3184
P: (540) 382-5732
F: (540) 381-6888

Questions? Contact us,

MCDED is here to help.

Support Programs

Montgomery County businesses can leverage a wide variety of programs that support their efforts to sustain and grow their business.

For more information, contact:
Montgomery County, VA
Economic Development Dept.
Call: (540) 382-5732
Email: info@yesmontgomeryva.org

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