The second-largest city in Virginia, Chesapeake is located in the heart of the Hampton Roads area and offers a wide variety of scenery and culture for residents, visitors, and business owners. A series of rapid expansions in the 1980s and 1990s found the city growing beyond its roots as a suburb of Norfolk, and business owners have been reaping the benefits ever since.
- Chesapeake is home to 3,865 unique small businesses
- Out of those, 727 took out small business loans
- The yearly total small business revenue in Chesapeake is $9,861,820 (as of 2007)
- Roughly 46% of Chesapeake small businesses will close within two years of opening
With a diverse economy encompassing industries like information technology, healthcare, and retail, business owners large and small have been able to find a customer base in Chesapeake. But no matter what industry you’re in, there’s a few things any small business owner needs: the right audience, the right product and service, and the right source of small business financing. Those first two are up to you, but if you need a hand with getting a Chesapeake small business loan, let Credibly be your first choice. No matter what you need the money for, from new equipment to a new location to a new business opportunity, Credibly can get you the working capital you need with less headaches and waiting than the banks could even dream of offering.