Author Archive

Supporting healthy and affordable food in Brookland Park

May 24, 2019 | Impact Stories

Borrower : Nomad Deli Where : Richmond, VA Loan Amount : $144,500 Project Type : SBA 7(a) Term Loan   Opportunity Nomad Deli has been making its culinary mark in Richmond’s Brookland Park area since 2015. Founder Anthony Tucker opened the restaurant in an area lacking freshly prepared food wanting to fill that gap with affordable, fresh options and, as he says, “Put somethin’ good in ya mouth.” The minority-owned restaurant has run successfully with Anthony …

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VCC Bank targets Southeast expansion through ongoing USD 10m capital raise, CEO says

May 17, 2019 | In the News

Featured in Mergermarket by Xinyi Jiang in Charlottesville, Virginia VCC Bank, a for-profit commercial bank owned by nonprofit Virginia Community Capital (VCC), plans to expand into more Southeast states and within Virginia, bolstered by an ongoing USD 10m capital raise, said CEO Jane Henderson. The bank, which opened in 2008, focuses on making loans in Virginia to support affordable housing projects, small businesses, healthcare, clean energy initiatives, and other projects that improve access to healthy …

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A space to gather and create in Richmond’s East End

May 9, 2019 | Impact Stories

Borrower : Oakwood Arts Where : Richmond, VA Loan Amount : $340,000 Project Type : Acquisition and Construction Loan   Opportunity In 2017, Shannon Castleman had a vision for Richmond’s growing East End — a place where neighbors could gather together to express themselves freely through art and create lasting relationships. She saw this potential in a location where others might have seen an unused and abandoned church building. To Castleman, the church symbolized a beacon of artistic entrepreneurship, leadership, …

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Healthy Foods and “Hope” to Richmond’s East End

April 30, 2019 | Impact Stories

Borrower : Market at 25th and Hope Pharmacy Where : Richmond, VA Loan Amount : $1.5 million (Market) and $150,000 (Pharmacy) Project Type : Fresh Food Loan Fund (VFFLF), SBA 7(a) term loan, SBA Express Line of Credit   Opportunity The Market at 25th ranks among Richmond’s most anticipated economic development projects in recent times. The Church Hill development, with backing by prominent business and civic leaders, will bring a much-needed grocery store and healthy foods …

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Creating more affordable housing in Warrenton

April 4, 2019 | Impact Stories

Borrower : Foothills Housing Corp. Where : Warrenton, VA Loan Amount : $2 million Project Type : Commercial Real Estate Loan   Opportunity In 1970, Foothills Housing Corp. started making improvements to single-family homes that lacked indoor plumbing and has continued to grow throughout the years. Today, the nonprofit offers services such as emergency home repair, disability ramps, and energy efficiency services for low-to-moderate income families and seniors. They also develop and manage a number of …

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HomeTrust Bank announces $2.5 million investment with Virginia Community Capital

April 3, 2019 | In the News

  HomeTrust Bank announced a $2.5 million investment with Virginia Community Capital (VCC), a community development financial institution serving communities throughout the Commonwealth and the U.S. HomeTrust Bank’s commitment includes directing its funds into three LIONs (Local Impact Opportunity Notes) with VCC to benefit the areas of Roanoke, Martinsville, and Danville. The investment from HomeTrust—a community-focused financial institution with 10 branches in Southwest Virginia —will support VCC’s mission of fostering vibrant communities in Virginia. There …

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Snap Car Buying

February 24, 2019 | Impact Stories

Borrower : Snap Car Buying, Inc. Where : Chantilly, VA Loan Amount : $1.06 million Project Type : SBA 7(a) Business Acquisition Opportunity Snap Car Buying Inc. is a Chantilly auto dealership that sells higher-end used vehicles at competitive prices. Most of its cars come from auctions and are bought in near perfect condition, found by an experienced buyer who has been in the industry for nearly two decades. Snap understands that most prospective buyers start …

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