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
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 low moderate 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
2012 Rhode Island Ave NE (202) 529 – 5505 - www.wacif.org