Virginia Community Capital

Starting out providing microloans and Individual Development Account programs, Virginia Community Capital (VCC) has expanded significantly since its 2005. It has become a certified B-corporation and has increased its equity capital to $20 million. In 2008, Virginia Community Capital opened the Community Capital Bank of Virginia (CCBV), becoming one of six nonprofit bank holding companies in the nation. The partnership has enabled the organization to funnel the bank’s profits back to itself and to finance 23 community development projects and 623 units of affordable housing. In 2013, it launched the $11 million Virginia Fresh Food Loan Fund, which combines small business technical assistance and lending opportunities to increase the capacity of urban corner stores to sell and market healthy items and to foster the expansion of food hubs. The organization has also partnered with Bon Secours Richmond to provide micro-loans for small businesses and in 2014, it announced a partnership with the Virginia Community Economic Network to increase the capacity of the community economic development industry to promote entrepreneurship in the state.

POINT (-77.4443749 37.544812)