OUR MISSION

Our mission is to help small businesses succeed through creative financing solutions developed by a qualified and expert team of problem solvers. We focus on strengthening communities and promoting economic development through the growth of our small business borrowers as well as through our community service projects. We provide outstanding customer service to our small businesses and our lending partners. We foster a work environment that values and respects our staff.

OUR VISION

Impacting small business and communities in a meaningful way with every creative financing solution.

BUSINESS ASSISTED:

3,014

TOTAL PROJECT FINANCING:

$4.6 Billion

JOB CREATED:

39,752

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 20% of CDC’s in the country by loan volume.

Since inception, we have assisted over 3,014 small businesses to finance over $4.6 billion dollars in projects. With an active portfolio of $450 MM, we are proud of our strong track record of providing capital leveraged with conventional bank loans to create over 39,752 jobs. Additionally, we have an excellent track record of assisting under-funded minority, veteran, rural and women-owned businesses and organizations.

LOAN CALCULATOR

Use this simple tool to explore SBA 504 financing options. The results of this tool are for discussion purposes only.

Paul Kukla, VP PNC Bank

“BFG provides consistent great expertise and great service which gives me a level of comfort knowing that I have a great team supporting me and the customer. No matter the deal, no matter the stage in the process, they consistently go above and beyond expectations. I don’t know how you could find a better CDC partner than BFG; additionally, they are very nice people.

J.D. Zachry, Senior Vice President, Market Executive

My team’s partnership with Gerald Baroudi and BFG truly is paramount to our success as a commercial banking group in this community. Gerald values the client experience and represents what we, as community bankers, stand for as to meeting the needs of the business community. I can’t imagine going to market without having Gerald on our side!

Kathryn R. (Kathy) Speakman, Vice President and Commercial Loan Officer, National Capital Bank

They (Business Finance Group) are ultimate professionals and 504 experts, from the lender to their back office staff to the loan administrative group.  A top notch and well-managed team, they make closing loans easy.

Thomas Rea, President of Bank of The James, Shenandoah Valley Region

At Bank of The James, we pride ourselves on delivering excellent customer service and being able to put our customers in the best products for them. Business Finance Group shares those values and they have been a trusted partner to help us deliver the best to our customers. From a knowledgeable team that helps us brainstorm ways to help before the loan application, to the individuals who provide one on one support through loan underwriting, approval and closing. Top to bottom, Business Finance Group makes SBA 504 lending easy on the bank and a value add for our customers.

John W. Rock SVP/Government Lending Division

When I work with the Business Finance Group I have confidence in the company, their representatives and processing. I call Curt whenever I have a strategy question and he is always prompt with responsive ideas. When I work on a 504 project in Virginia, Curt is the first person I call.

Eugene Thomas, Jr, MBA,QIDP| Executive Director

“We have had the opportunity to work with BFG on six successful projects over eight years. BFG has been a major player in our success, substantial growth and job creation. The relationship with BFG has increased our profits and established several long real estate investments that will have positive long-term effects.”

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