Borrower Success Stories
We invite you to read through a snapshot of the many inspiring journeys we have taken with our borrowers. Read on to explore how our tailored financial solutions have transformed lives and businesses alike.
Equipment Loans
Equipment Loans
Firsthand Foods
Cohesion Phenomics
Real Estate Loans
Almost Heaven
Working Capital
General Drug
Speciality Loan Programs
NC Rural Business Builder Loans
Lovin Family
WV Capital Access Program
SoundSpace@Rabbit's
The studio is a music rehearsal facility located in Asheville’s historic African American Southside neighborhood.
SoundSpace@Rabbit’s operates out of the former Rabbit’s Motel and Café, a famed Green Book site that for decades provided safe lodging and warm meals to African Americans traveling through Asheville, including the Negro Baseball League and Chitlin’ Circuit band members. The studio’s founders and local musicians Claude Coleman, Jr. and Brett Spivey have worked to honor the history of the former motel while providing in-demand recording and rehearsal space to bands, musicians, and other performing artists.
In 2018, PCAP helped SoundSpace@Rabbit’s acquire and revitalize the former motel property, converting a portion of the space into recording and rehearsal studios.
In 2023, PCAP approved a loan to help Coleman and Spivey launch Phase 2 of SoundSpace@Rabbit’s business plan: opening additional studio rooms, a new soul-food kitchen, and an outdoor event space to further honor the site’s history and cultural significance.
In this way, Coleman and Spivey can continue to grow their business, now an anchor in Asheville’s local music scene, as well as re-establish the former Green Book site as a cultural center and landmark destination.
Old World Levain (OWL) Bakery
Susannah Gebhart, a 2022 James Beard Award Semifinalist and woman entrepreneur, owns and operates Old World Levain (OWL) Bakery in Asheville, NC.
She specializes in naturally leavened breads and European-inspired pastries, prioritizing organic and locally sourced ingredients.
PCAP first engaged with Gebhart in 2018 when she needed a loan to expand the menu and hours at her first retail location. In late 2021, after consistent growth despite expected COVID setbacks, Gebhart returned to PCAP for a loan to open a second location.
Over the years, OWL Bakery has become a culinary destination for locals and visitors alike. “We take our role and responsibility very seriously,” Gebhart explains. “I do think that in so doing it feels like OWL and Asheville are inseparable. I don’t think OWL could exist outside of Asheville. And I think I can venture to say I don’t think Asheville could work without OWL. It is personal for me.”
