Washington Area Community Investment Fund

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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 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

Washington Area Community Investment Fund Celebrating 26 Years

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

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