Blue Ridge, Blue Ridge Adventure Wear

Closing Date: January 27, 2016
In January 2016, GCF provided a $225,000 GCF-SSBCI loan to Stache Man Enterprises, LLC for the acquisition of a commercial building located at 661 East Main Street in downtown Blue Ridge. The building houses the Borrower’s retail business, Blue Ridge Adventure Wear. United Community Bank also provided financing for this project. The total project cost is $600,000.

Project Details

Loan Recipient
N/A

Sub-Recipient
N/A

Project Cost
$600,000

GCF Loan Amount
$225,000

DD RLF Loan Amount, if any
N/A

Project Use
Commercial
After
Foundation Project Impacts
299 New Downtown Businesses
1728 New Jobs Downtown
$147 Million in Private Investments
8 Cultural Facilities
288 Downtown Housing Units
157 Hotel Units Downtown
1,352,805 Redevelopment Floor Area sf
200,267 New Construction sf