VCC 2014 Annual Report Page 5

VCC 2014 Annual Report · 3

Lofts at Canal Walk: High
Plains Construction's work

he Sappony, an American Indian tribe, is one of only five recognized tribes in
Virginia and is located in Virginia and North Carolina. The Sappony tribal center
based in Virgilina, Virginia, is dedicated to helping grow the Sappony economy.

They decided to purchase an existing business that was a sole-proprietorship founded
25 years ago in Chesterfield, Virginia, which specialized in finish carpentry--installing
windows, doors, trim, stairs, and cabinets. The new company is High Plains
Construction, Inc.

Dante Desiderio, member of the Sappony, knew of VCC's mission to help meet

the needs of non-traditional borrowers. VCC provided the innovative financing--
acquisition funding and working capital--and the advice they needed to be successful
in this endeavor.

The existing construction business had a single owner and five sub-contractors.

Since the Sappony's involvement, they have expanded to five employees and 21
subcontractors. VCC is delighted to help the Sappony grow and create jobs, especially
since this tribe represents a historically underserved population in Virginia.

Jonathan Mills, member of the Sappony and

Director of Operations for High Plains Construction,
did contract work for the existing company for ten
years. Sherry Munford, member of the Sappony and
High Plains Construction employee, is a new addition
to the team. With VCC's financing help, they expect
to expand capacity in other Virginia markets and
North Carolina.

Sherry Munford stated, "VCC was awesome to

work with. They had the right combination of exper-
tise and innovative financing essential to helping the
Sappony Tribe grow economically and create jobs."
Ms. Munford highly recommends VCC to other small
businesses needing creative and innovative capital.

Tribally-owned Company Creating Jobs