CHARLESTON, WV — The West Virginia Capital Access Program (WVCAP) approved a loan of $400,000 for Supply Solutions, LLC, a wholesale distributor to the communications industry headquartered in Harrison County.
Supply Solutions serves broadband communications providers and their contractors. This funding will allow the company to help support broadband expansion in the state.
“WVCAP can invest in entrepreneurs that may or may not fit traditional lending models,” said Andrew Zulauf, Executive Director at the West Virginia Jobs Investment Trust (WVJIT). “WVCAP is able to be an outside the box solution for West Virginia businesses.”
WVCAP provides West Virginia small businesses with debt or equity capital to expand and create jobs. WVCAP assists credit-worthy companies that may not fit traditional lending models. WVCAP is administered by WVJIT.
For more information or to apply for funds, contact the West Virginia Jobs Investment Trust at wvjit.wv.gov/wvcap.
About the West Virginia Jobs Investment Trust
West Virginia Jobs Investment Trust (WVJIT) is a public venture capital fund created to develop, promote and expand West Virginia’s economy by making investment funds available to eligible businesses, thus stimulating economic growth and providing or retaining jobs within the State. JIT invests in early-stage, later-stage and mature small companies that wish to expand. Opportunities to create a significant number of jobs while maintaining economic balance are favorably viewed.