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 …

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 …

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 …

GamerBus is a popular gaming bus filled with video gaming equipment traversing the Hampton Roads region, bringing big titles like Fortnite, Madden, and Super Smash Bros. to birthday parties and other special events.

One mile west of the Potomac River and Woodrow Wilson Memorial Bridge rests a partially occupied, 12-unit apartment community for low-income residents. Behind it, on the same parcel, two dilapidated duplexes sit empty. However, Wesley Housing, a respected local non-profit that has built affordable housing for thousands of Northern Virginia residents since 1974, has a vision for this prime, visible property.

Project:HOMES doesn’t only improve houses, they improve lives. In areas lacking safe and affordable housing, the nonprofit general contractor’s goal is to build modern affordable housing and advance the safety, accessibility, and energy efficiency in existing homes for low-income individuals and families.

As an authentic Neapolitan restaurant, Pupatella captures the essence of Naples by serving traditional wood-fired brick oven pizzas, salads, and time-honored appetizers like panzerotti and arancini. Enzo Alagarme, Pupatella’s founder, was born in Naples and learned everything he knows about pizza and cooking from his grandmother.

At the corner of Ninth and Main streets sits a spectacularly built gem in the heart of historic downtown Lynchburg. The six-story Krise building, erected in 1905, was constructed as the city’s first “skyscraper,” with a bank on its first floor and offices above. Over a century later, the Krise is being morphed into 21 apartments: eight one-bedrooms, 11 two-bedrooms, and two three-bedrooms. The Krise will also include four retail spaces on the ground floor …

How winning the Washington County Business Challenge helped Appalachian Drafting LLC take a big next step.

As you might imagine, as community-focused bankers we have taken interest in this year’s launch of Opportunity Zones, a federal program intended to spur economic development in distressed counties, cities, and towns around the country.