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WVCAP Subordinated Debt

WVCAP Subordinated Debt

Provides WVCAP subordinated debt to West Virginia businesses when traditional lenders cannot meet their credit profile.

OpenWV Jobs Investment Trust (JIT) BoardUnited States
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About

The WVCAP Subordinated Debt program is a gap-financing instrument administered by the West Virginia Jobs Investment Trust (WVJIT) and the West Virginia Economic Development Authority (WVEDA) under the WVCAP umbrella, which is funded by the U.S. Treasury State Small Business Credit Initiative (SSBCI). The program is designed specifically for West Virginia businesses that are creditworthy but fall o…

What this grant funds

Provides subordinated loan financing to creditworthy West Virginia businesses that do not fit traditional lending models, under the SSBCI-funded WVCAP umbrella.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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What you have to submit

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Last verified: 24 Jul 2026Source: wvjit.wv.gov