SNEDA Provides Access to Finance for Spokane Neighborhood-Based Employers - Businesses and Nonprofits
|
Employer |
Loans |
Results |
|
$ Disbursed |
$ Committed |
$ Total |
Actual |
Potential |
|
Public Market** |
|
$212k |
$212k |
|
75 SEO* and jobs over 3 years |
|
Affordable housing developer |
$26k |
|
$26k
|
$294k in loans from Bank of Whitman and seller of land |
78-unit affordable senior housing complex |
|
Owner/operator of senior housing |
|
$75k |
$75k |
|
HUD 223 (f) $4.7 million loan to restructure a 96-unit senior independent living facility – 48 units preserved as affordable |
|
Sporting goods manufacturer and wholesaler |
|
$30k |
$30k |
|
2 SEO*, 2 jobs.New manufacturer with national sales |
|
Affordable housing developer |
$50k |
|
$50k |
House rehabilitated |
House owned by low- to moderate income family |
|
Daycare |
$7k |
|
$7k |
2 SEO* |
Significant increase in income |
|
Daycare |
$5k |
|
$5k |
1 SEO* |
|
|
Total |
$88k |
$317k |
$405k |
|
|
* SEO= self employment opportunities
** SNEDA has disbursed almost $30,000 for the preparation of the public market’s business plan, participation in workshops/conferences and an evaluator and has committed to another $30,000 for public market consultants, an evaluator and participation in workshops/conferences.
Types of Technical Assistance SNEDA Has Provided To Over 200 Businesses
Market Street Market update- over 200 cars expected to be sold April 3
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