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?
Access to Capital
Technical Assistance
Free Seminar Series (legal, marketing, financing, taxes etc…)
Mentors
WACIF and Access to Capital
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
