Investment Capital for Companies in West Virginia
Founded in 1999, Enhanced Capital Group provides financing to small businesses and projects that fulfill public policy mandates, driving economic growth in underserved areas.
In 2026, the state of West Virginia established the WV First Small Business Growth Program, administered by the West Virginia Department of Commerce. The program is designed to channel private capital into West Virginia’s small businesses to stimulate economic growth and job creation across the state’s communities. The program encourages investments in sectors such as manufacturing, agriculture, technology and energy, and other high-impact industries.
West Virginia Fund I Contact
Owen Murray: Senior Associate, 908.883.0028, omurray@enhancedcapital.com
FAQs
What are the eligibility criteria?
To qualify for a loan from the Enhanced Capital West Virginia Fund, small businesses must meet the following eligibility criteria:
- Employ fewer than 250 employees at the time of the initial investment
- Have their principal business operations located in West Virginia, the location where at least 60% of the business’s employees work, or where employees earning at least 60% of a business’s payroll work
- A business that agrees to relocate employees using investment proceeds may qualify if it establishes its principal business operations in West Virginia within 180 days of receiving the investment
- The fund will provide transitional and growth funds to qualifying companies, but the investments are not grants or venture capital
- Loan terms and pricing are flexible for those qualifying enterprises that help achieve the Program’s goals of increased employment and economic activity
What are the typical investment terms?
Typical terms of the loans are as follows:
- Investment Size: $500,000 – $6,500,000
- Maturity: Three to five years
- Securities: Senior secured or subordinated debt, or 2) smaller equity investments
- Repayment: Extended interest-only periods with flexible amortization thereafter
- Industries: Industry agnostic – manufacturing, agriculture, healthcare, distribution and other high-impact industries contributing to West Virginia’s growth
- Eligible Businesses: Companies with fewer than 250 employees and principal business operations located in West Virginia
Disclosure:
This is intended for potential deal transactions only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund. The information provided herein is used for illustrative and discussion purposes only. Final transaction terms for each business in which Enhanced Capital may invest will vary. For more information on Enhanced Capital, please visit www.enhancedcapital.com.