COMMUNITY VENTURES CORPORATION
CVC received a loan from SBA to capitalize a microloan fund to provide capital to entrepreneurs to start, stabilize or expand their business ventures and create jobs.
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| AWARD OVERVIEW |
| Award Number |
3818625000 |
Funding Agency |
Small Business Administration |
| Total Award Amount |
$750,000 |
Project Location - City |
Lexington |
| Award Date |
12/23/2009 |
Project Location - State |
KY |
| Project Status |
Completed |
Project Location - Zip |
40505-3162
|
| Jobs Reported |
0.00 |
Congressional District |
06 |
| Project Location - Country |
US |
|
|
Recipient Information
(Loans)
| Recipient Information (Loans) |
|
Recipient Name
|
COMMUNITY VENTURES CORPORATION |
| Recipient DUNS Number |
120618509
|
| Recipient Address |
1450 N BROADWAY |
| Recipient City |
LEXINGTON |
| Recipient State |
Kentucky |
| Recipient Zip |
40505-3162 |
| Recipient Congressional District |
06 |
| Recipient Country |
USA |
Required to Report Top 5
Highly Compensated Officials |
No |
Projects and Jobs Information
| Projects and Jobs Information |
| Project Title |
CVC Microloan Program |
| Project Status |
Completed |
| Final Project Report Submitted |
Yes |
| Project Activities Description |
Community Economic Development |
| Quarterly Activities/Project Description |
CVC has not made any loans during this reporting period from this loan fund.
CVC has provided over 10,000 hours of classroom training and pre- and post-loan technical assistance to 1,381 microbusinesses to assist them to access the capital they need to start, stabilize or expand their companies. Of the microloan borrowers, most have used loan proceeds to fund working capital, purchase inventory, acquire equipment, and purchase technology/computers.
|
| Jobs Created |
0.00 |
| Description of Jobs Created |
Jobs created include owners and employees of new microbusinesses or existing microbusinesses which have expanded. These jobs are located in 71 counties in central, northern, southern and western Kentucky. There have been no jobs created this quarter. |
Purchaser Information
(Loans)
| Purchaser Information |
| Contracting Office ID |
Not Reported |
| Contracting Office Name |
Not Available |
| Contracting Office Region |
Not Available |
| TAS Major Program |
73-4279 |
| Award Information |
| Award Date |
12/23/2009 |
| Award Number |
3818625000 |
| Order Number |
|
| Award Type |
Loans |
| Funding Agency ID |
73 |
| Funding Agency Name |
Small Business Administration |
| Funding Office Name |
Not Available |
| Awarding Agency ID |
73 |
| Awarding Agency Name |
Small Business Administration |
| Amount of Award |
$750,000 |
| Funds Invoiced/Received |
$750,000 |
| Expenditure Amount |
$709,597 |
| Infrastructure Expenditure Amount |
$0 |
| Infrastructure Purpose and Rationale |
Not Reported |
| Infrastructure Point of Contact Name |
Lamar Davis |
| Infrastructure Point of Contact Email |
ldavis@cvcky.org |
| Infrastructure Point of Contact Phone |
(859) 231-0054 x302 |
| Infrastructure Point of Contact Address |
1450 N. Broadway |
| Infrastructure Point of Contact City |
Lexington |
| Infrastructure Point of Contact State |
KY |
| Infrastructure Point of Contact Zip |
40505-3162 |
Product or Service Information
(Loans)
| Product or Service Information |
| Primary Activity Code |
S02 |
| Activity Description |
Community Economic Development |
| Sub-Awards Information |
| Sub-awards to Organizations |
0 |
| Sub-award Amounts to Organizations |
$0 |
| Sub-Awards to Individuals |
0 |
| Sub-Award Amounts to Individuals |
$0 |
| Number of Sub-awards less than $25,000/award |
0 |
| Amount of Sub-awards less than $25,000/award |
$0 |
| Number of payments to vendors greater than $25,000 |
0 |
| Total Amount of payments to vendors greater than $25,000/award |
$0 |
| Number of payments to vendors less than $25,000/award |
0 |
| Total Amount of payments to vendors less than $25,000/award |
$0 |
| Location Information |
| Latitude, Longitude |
38º 3' 56",
-84º 28' 32" |
| Congressional District |
06 |
| Address 1 |
1450 N. Broadway |
| Address 2 |
|
| City |
Lexington |
| County |
Fayette |
| State |
KY |
| Zip |
40505-3162 |
|
|