STAUNTON CREATIVE COMMUNITY FUND, INC.
SCCF received a loan from the U.S. Small Business Administration's Microloan Program. The loan award was used to capitalize a microloan fund which provides small business loans ($1,000 to $50,000) to start-up and expanding business enterprises. SCCF uses the funds to serve businesses in the Central Shenandoah Valley of Virginia.
Choose a quarter and click "Go."
| AWARD OVERVIEW |
| Award Number |
3574155004 |
Funding Agency |
Small Business Administration |
| Total Award Amount |
$250,000 |
Project Location - City |
Staunton |
| Award Date |
08/14/2009 |
Project Location - State |
VA |
| Project Status |
Completed |
Project Location - Zip |
24401-4221
|
| Jobs Reported |
0.00 |
Congressional District |
06 |
| Project Location - Country |
US |
|
|
Recipient Information
(Loans)
| Recipient Information (Loans) |
|
Recipient Name
|
STAUNTON CREATIVE COMMUNITY FUND, INC. |
| Recipient DUNS Number |
825269751
|
| Recipient Address |
9 S AUGUSTA ST |
| Recipient City |
STAUNTON |
| Recipient State |
Virginia |
| Recipient Zip |
24401-4221 |
| 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 |
Microloans |
| Project Status |
Completed |
| Final Project Report Submitted |
Yes |
| Project Activities Description |
Community Economic Development |
| Quarterly Activities/Project Description |
The Staunton Creative Community Fund closed one new microloan during the 2nd quarter of 2012 using ARRA dollars. This loan was to an start-up small business to launch a furniture design company. In addition to this new loan, SCCF also provided ongoing post-loan technical assistance to microborrowers who received loans in previous quarters. |
| Jobs Created |
0.00 |
| Description of Jobs Created |
The proceeds from ARRA loans closed in this quarter went to working capital for inventory, equipment, and start-up costs. However, these investments in working capital will allow the start-up business to create a new job for both himself (the owner) and for administrative assistance. None of the ARRA funds were used to pay for jobs created or salaries paid. |
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 |
08/14/2009 |
| Award Number |
3574155004 |
| 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 |
$250,000 |
| Funds Invoiced/Received |
$250,000 |
| Expenditure Amount |
$174,700 |
| Infrastructure Expenditure Amount |
$0 |
| Infrastructure Purpose and Rationale |
Not Reported |
| Infrastructure Point of Contact Name |
Not Reported |
| Infrastructure Point of Contact Email |
Not Reported |
| Infrastructure Point of Contact Phone |
Not Reported |
| Infrastructure Point of Contact Address |
Not Reported |
| Infrastructure Point of Contact City |
Not Reported |
| Infrastructure Point of Contact State |
Not Reported |
| Infrastructure Point of Contact Zip |
Not Reported |
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 8' 50",
-79º 4' 26" |
| Congressional District |
06 |
| Address 1 |
10 Byers Street |
| Address 2 |
|
| City |
Staunton |
| County |
Staunton |
| State |
VA |
| Zip |
24401-4221 |
|
 |