1 / 9

Washington Area Community Investment Fund Celebrating 26 Years

Washington Area Community Investment Fund Celebrating 26 Years. WACIF’s Mission. - Smith and Sons, LLC. 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….

pbouchard
Download Presentation

Washington Area Community Investment Fund Celebrating 26 Years

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Washington Area Community Investment FundCelebrating 26 Years

  2. WACIF’s Mission - Smith and Sons, LLC 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…

  3. WACIF’s Clients and Services Small Businesses Affordable Housing Developers Childcare Centers Community Organizations Non-profits

  4. WACIF’s Programs How does WACIF help? Access to Capital Technical Assistance Free Seminar Series (legal, marketing, financing, taxes etc…) Mentors

  5. 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

  6. 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

  7. 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

  8. 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

  9. Washington Area Community Investment FundCelebrating 26 Years 2012 Rhode Island Ave NE (202) 529 – 5505 - www.wacif.org

More Related