Transcript Washington Area Community Investment Fund

Washington Area
Community Investment
Fund
Celebrating 26 Years
WACIF’s Mission
 WACIF is a nonprofit community
development loan fund whose
mission is to empower
underserved communities and
individuals in the by providing
access to capital and technical
assistance to…
- Smith and Sons, LLC
WACIF’s Clients and Services
 Small Businesses
 Affordable Housing Developers
 Childcare Centers
 Community Organizations
 Non-profits
WACIF’s Programs
How does WACIF help?
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Access to Capital
Technical Assistance
Free Seminar Series (legal, marketing, financing, taxes etc…)
Mentors
WACIF and Access to Capital
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WACIF’s Access to Capital Loan fund
SBA Micro-Loan Fund
CBE Microloan Fund
Streetscape Relief Loan Fund
Bank Partners
Community Development VCs
How WACIF Lends Money
 Deliberately
 The ‘craft’ brewers of the lending world
 Judiciously
 Sources of capital are limited, thus loans are limited
 Normally, less than 5% of clients get approved for loans
 96% Loan Repayment Rate
 Non-traditionally
 Much different risk profile than most debt financiers
How to Apply
 Intake form on www.wacif.org
 Business Evaluation by WACIF staff
 Request for application
 Prepare your financials
 Prepare your plan
 Prepare to pay us back
WACIF’s Year-End
2012 Highlights!
 Provided technical assistance to more than 500 individuals and entrepreneurs
 Packaged 44 loans or equity investments in the amount of $2.6 million to lowmoderate income business owners
 Conducted 35 group technical assistance seminars
 Packaged and financed 3 low-moderate income tenant association purchases
 Held 13 Loan Days to connect small businesses to bankers
 Performed over 60 financial needs assessments
 15 new investors in WACIF’s Access to Capital Loan Fund
Washington Area Community
Investment Fund
Celebrating 26 Years
2012 Rhode Island Ave NE
(202) 529 – 5505 - www.wacif.org