Today’s Objectives
1) Who is Bridgeway Capital?
2) How can we help you?
3) What is typically required to apply?
Who is Bridgeway Capital?
Community Development Financial Institution
What’s a CDFI?
• Unconventional Lending Source
• Mission-Driven financing
• Financial and social bottom line
• Sustainability versus profitability
Who is Bridgeway Capital?
We foster equitable economic activity
to encourage community
revitalization and empower the
underserved.
Where is Bridgeway Capital?
Three offices
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Pittsburgh
Uniontown
Erie
Network of partners
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Small Business
Development Centers
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The Pitt Institute for Entrepreneurial Excellence
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Economic / Community
Development Companies
And many more…
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Who is Bridgeway Capital?
How can we help you?
Loan Products
Capable and Capitalized
Business Owners
Education Options
Entrepreneur Loan Program
Growth Loan Program
How can we help you?
Other Loan Programs include:
• Urban Entrepreneur Program
• Non-Profit Loan Program
• Community Development Loan Program
• Healthy Food Financing Program
• 504 Loan Program
Business Education Program
Financial Management
Marketing
Graphic Design
Web Design
Business Strategy / Planning
Contracting / Construction Consulting
Conferences and training programs
How can we help you?
What is typically required to apply?
1)
2)
3)
4)
5)
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7)
8)
Application
Intake Form
Personal Financial Statement
3 Years Tax Returns- Personal and Business
Interim Financial Statements – Balance Sheet/Income Statement
Credit Report
Business Plan
Supporting Documents
Personal Balance Sheet
Asset= What you own
Liabilities =What you owe
Tax Returns
• Latest 3 years of filed and signed tax returns
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Personal returns for all owners over 20% ownership
Business returns for existing businesses
Proof of extension (if applicable)
Include all schedules and pages of tax returns
Interim Financial Statements
• Balance Sheet
• Must BALANCE
• Must be no older than end of previous quarter
• Pre-technical assistance may be available
• Income Statement
• Must be no older than end of previous quarter
• Pre-technical assistance may be available
Credit Report
• Scores of 600 or better
• Explanation for any derogatory items
• Proof of satisfied Judgements / collections
• All guarantor’s credit reports will be considered
Business Plan
If you are a startup and/or are seeking funding, a solid financial plan
helps you figure out how much capital your business needs to get
started or to grow, so you know how much money to ask for from the
bank.
Be sure to include:
• 3 years projections
• Assumptions
• Profit & Loss Statement
• Cash Flow Statement
• Balance Sheet
Supporting Documents
Examples:
• Organizational Documents
• Lease
• Contracts
• Invoices
• Accounts Receivable/Payable Aging
• Debt Schedule
• ALL LOAN APPLICATIONS ARE DIFFERENT AND OTHER ITEMS MAY BE
REQUIRED
Bridgeway Capital
Questions?
Thank You!!!
Dwayne Rankin| Community Development Officer
Drankin@BridgewayCapital.org
412-201-2450 ext 28
Aaron Aldrich | Business Education Director
Aaldrich@BridgewayCapital.org
412-201-2450 ext 31