
PROGRAM ACCOMPLISHMENTS
Since CSI's inception to June 30th, 2006, it has provided training to over 360 entrepreneurs and loaned $7,020,098. In conjunction with the loan applications and subsequent loans, CSI has provided over 29,500 hours of technical assistance. CSI’s loans and technical assistance have therefore helped to create or maintain 462 jobs in the Richmond area, and an estimated 75% of those have been low-income persons.
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Department of Transportation awarded a partnership with CSI to participate in their Short Term Lending Program
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Certified by the United States Treasury Department as a Community Development Financial Institution
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Awarded Technical Assistance Award from the CDFI
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Small Business Administration Microenterprise Intermediary
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1998 Richmond’s Minority Business Advocate of the Year
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Virginia’s Top SBA Microlender (YTD 3/31/00)
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National New Market Lending Award for Urban Microlender
Significant Milestones...
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2006 - CSI approved its first owner occupied real estate loan for $247,000
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2005 - CSI celebrates 10 years of "Helping Businesses Access Capital"
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2004 -Funding from CSI were used to construct 45 homes for 1st time home buyers
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2004 - CSI approves its first Department of Transportation short-term loan for $300,000.
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2003 - First market Bank chooses CSI to provide lending team assistance in packaging Small Business Administration 7a Loans. Loans currently exceed $2,000,000 to small and minority owned businesses.
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2002 - Capital One Financial Corporation chooses CSI to partner with as lending intermediary to minority and women-owned businesses committing a $3 million investment.
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2001 - Hayes is awarded the MBL “Vision of Excellence” Award
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2001 - American Express Small Business Services chose CSI as one of ten Micro Lenders in the nation to launch the American Express “Community Business Card”
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2001 - U.S. Treasury CDFI Fund approves funding for $250,000
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2000 - SBA names CSI the National Urban New Market Micro Lender of the Year
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2000 - Wachovia provides $250,000 of Equity Equivalent funding (EQ2)
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1999 - SBA awards CSI $483,600 for loan funding and $120,000 for TA
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1998 - The U.S. Treasury Certifies CSI as a Community Development Financial Institution (CDFI)
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