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PARTNERS
United States Small Business Administration
The SBA provides a portion of CSI's Loan Pool. The Pool, a loan to
CSI, has a capitalization potential of $1,233,500. Included with the pool is funding available to provide much needed technical assistance to our borrowers and potential entrepreneurs. To date
CSI has accessed $1,233,500 in capital and $1,104,000 in grants to provide technical assistance.
United States Department of the Treasury's Community Development Financial Institution Fund (CDFI Fund)
The CDFI Fund has certified CSI as a Community Development Financial Institution. In addition to the certification
CSI has received $101,250 for organizational capacity development in addition to $230,000 in capital to support its current lending activities.
United States Department of Agriculture
The USDA provides a portion of CSI's Loan Pool for rural lending activities. The Pool, a grant to
CSI, has a capitalization potential of $95,000, which is to be matched with other existing sources.
United States of Department of Transportation
CSI is a lead lender with the Department of Transportation's Short Time Lender Program. The STLP provides revolving lines of credit to finance accounts receivable arising from transportation-related contracts. Borrowing under the lines of credit are to meet the short-term costs of performing the contract(s) being financed.
Commonwealth of Virginia's Department of Housing and Community Development
(DHCD)
DHCD administers the Virginia Enterprise Initiative. This initiative provides
CSI with operating funds, programmatic technical assistance and staff training. Since grant inception
CSI has funding, which totals $311,000 from 1995 to 2002.
Capital One Services, Inc.
Capital One has invested $3 million to ignite community development by providing working capital to minority- and women-owned entrepreneurs. The investment is an innovative way to assist minority- and women-owned firms in three essential areas: Access to development opportunities, access to technical resources and access to capital. This capital provides a vital link that will enable smaller firms to take on larger, more profitable business opportunities.
American Express
CSI was chosen as one of ten programs to receive support from American Express through the American Express Community Business Card program, which operated from January 2001 through June 2003.
CSI was one of ten community-based microenterprise loan funds selected nationally to participate in the program. "CSI was chosen because it has a distinguished record providing technical assistance training and capital directly to emerging businesses", stated Kerry Hach, executive vice president and general manager, American Express Small Business Services.
Wachovia Bank
Wachovia provides CSI a portion of its Loan Pool. The pool, a loan to
CSI, has a current capitalization of $250,000 in the form of an Equity Equivalent.
First Market Bank
FMB currently provides operational support to CSI and a line of
credit for operational needs.
Other Supports
CSI has received support from Bank of American, BB&T, Sun Trust Bank, First North American National Bank, Southside Community Development and Housing Corporation,
and the Richmond Christian Center,
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