Market Overview

Virginia Heritage Bank Sponsors and Participates in USDOT STLP Workshop


Virginia Heritage Bank - participated in the USDOT Short Term Lending Program Workshop at the US Department of Transportation Headquarters Conference Center in Washington, DC on October 19, 2012. There were approximately 45 attendees including small business owners.

Tysons Corner, VA (PRWEB) November 01, 2012

The Short Term Lending Program (STLP) is a special financing program offered by USDOT's Office of Small Disadvantaged Business Utilization (OSDBU). The STLP is a program that provides a maximum loan amount of $750,000 and serves as a revolving line of credit for companies with DOT federally funded transportation contracts. The loans have a federally backed guarantee of 75% and allows for US Department of Transportation awarded contracts to serve as collateral to help you achieve cash flow needs.
Virginia Heritage Bank, now headquartered in Tysons Corner, with total assets of $740 million serves Northern Virginia and surrounding communities, with branches in Fairfax, Gainesville, Chantilly, Tysons Corner and Dulles Town Center. VHB is a full service bank providing an array of retail and commercial financial services including Lines of Credit, Commercial Mortgages, SBA Lending and complete depository services while VHB Mortgage provides a full array of consumer mortgage products.
David P. Summers    

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