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Partners For Self Employment, Inc
 

Partners For Self Employment, Inc

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    Partners For Self Employment, Inc Partners For Self Employment, Inc Presentation Transcript

    • Partners for Self-Employment, Inc. Founded 1993
    • Partners for Self-Employment, Inc. Toll Free: 1-877-722-4505 305.438.1407 The missing piece of the Puzzle for small businesses . If you have a skill, talent or experience to start or expand a business…Contact Us!!! Loans Business Skills Training Networking Support www.microbusinessusa.org
    • Providing Microcredit Business Loans (Level 3) PARTNER LOAN PROGRAM Business Loans from $5,000 - $35,000 credit and collateral required Individual Loans (Level 2) MICRO-BUSINESS USA Business Loans from $2,500 - $5,000 With business training without credit or collateral Peer Group Model (Level 1) MICRO-BUSINESS USA Business Loans from $500 - $1,500 With business training without credit or collateral Peer Group Model
    • Providing the missing piece of the puzzle for small businesses
        • PARTNERS FOR SELF-EMPLOYMENT, Inc. d.b.a. MICRO-BUSINESS, USA is a non-profit community development financial institution providing microenterprise loans, training, technical assistance and on-going support to low and moderate income individuals to start or expand a business.
      Mission Statement
    • Providing the missing piece of the puzzle for small businesses
        • To provide business skills training and loans to low-moderate income persons who desire to become self-employed, and to provide levels of advanced business training and loan s for those clients who want to increase their capacity to operate successful businesses.
        • Beginning 2003, Micro-Business, USA borrowers will have the opportunity to participate in our Matched Savings Fund (MSF) . The MSF will provide a 2:1 match for each dollar saved by participants for the duration of two years. The money they accumulate can be used for home ownership or business investment.
      Purpose
    • Key Players
      • Loan Pool
      • Banks - Federal and Local Government Agencies - Private Investors
      • BankUnited First National Bank of South Miami
      • Chase Manhattan Bank First National Bank of Homestead
      • Citibank Bank United
      • City National Bank of Florida Commercebank
      • Mellon United Nation Bank Citigroup Foundation
      • SunTrust Bank American Express Foundation
      • Operational Support
      • Foundations - Federal and Local Government Agencies - Private Contributions
      • Charles Stewart Mott Foundation SBA U.S. Small Business Administration
      • John S. & James L. Knight Foundation US Treasury Department-CDFI
      • John D. & Catherine T. MacArthur Found. Alex & Agnes O. McIntosh Foundation
      • Norman Shulevitz Foundation Miami-Dade Office of Community &
      • Roblee Foundation Economic Development
      • Wallack Family Foundation Bank Atlantic Foundation
      • City of Miami Economic Development City of St. Petersburg Economic Development
    • Demographics Percent Background 2% Other 23% Hispanic 50% Black 25% Caucasian 56% Female 44% Male Percent Gender 27% College 47% Some College 18% High School 8% Less Than High School Percent Education
    • Miami-Dade/Broward/Palm Beach/Pinellas Counties LOANS to Jump Start Your Business Without Credit or Collateral $500 - $1,500 12% Simple Interest on Declining Balance
      • Level 1
      • Leadership Development
      • Peer Group Support
      • Trade Shows
      • Seminars
      • Benefits of MB-USA
      • Business Training
      • Networking
      • Build Credit History
      • Business Card Exchange
      • 6-12 Participants in peer group
      • 2 hour initial orientation
      • Peer group meets 2 hrs/week – 6 weeks
      • Peer group is loan committee
      • (makes all loan decision for members)
      • First loan $500 then $1,500
      • No larger loans unless each member current in monthly payments
      • Loan terms 4-12 months
      • 10 % buffer for each loan
      • Attend bi-monthly business enrichment sessions with loan repayment meetings
      MB-USA Peer Group Level - I
    • Performance Statistics
      • Peer Lending (Level I) – December 2002
      Indicators # Members Trained Month YTD Cumulative # of Chartered BLG’s (business loan groups) # of Loans Dispersed Value of Loans Dispersed Average Loan Size Current Repayment Rate 94% 94% 93% 6 months 12% $800 $1,302,100 $296,000 $43,000 2,005 458 51 327 67 5 4,609 983 63
    • Examples of Loan Use
      • What Can You Do with a $500 Loan?
      • Buy a fax machine/answering machine
      • Business cards and stationary
      • License
      • Advertise
      • Add phone lines
      • Create a website
      • Purchase materials and supplies
      • Brochures, flyers and handouts
    • Business Start-Ups Click www.microbusinessusa.com for complete listing of businesses
      • Child Care
      • Internet Marketing
      • Graphic Design
      • Skin Care Products
      • Used Bookstore
      • Video Productions
      • Escort and Dating Services
      • Event Planning and Production
      • Take-out and Catering
      • Telecommunications Service
      • Home and Property Inspection
      • Beauty and Hair Care
      • Auto Repairs
      • Car Detailing
      • Secretarial Services
      • Accounting and Taxes Auditing
      • Travel Agency
      • Janitorial and Maid Services
      • Fashion Design
      • Gift Baskets
      • Lawn Service
      • Photography
    • Miami-Dade/Broward/Palm Beach/Pinellas Counties LOANS to Jump Start Your Business Without Credit or Collateral $2,000 - $5,000 12% Simple Interest on Declining Balance
      • Level 2
      • Leadership Development
      • Peer Group Support
      • Trade Shows
      • Seminars
      • Benefits of MB-USA
      • Business Training to Build
      • your business
      • Build Credit History
      • Business Card Exchange
      • 6-12 Participants in peer group
      • Advanced Business Skills Training
      • Established business make marketing & business plans based on profitability analysis
      • Peer group meets 2 hrs/week – 8 weeks
      • Peer group is loan committee
      • (makes all loan decisions for members)
      • Loans are $2,000 up to $5,000
      • Loan terms 4-24 months
      • 10 % buffer for each loan
      • MUST attend bi-monthly business enrichment sessions with loan repayment meetings
      MB-USA Peer Group Level Two
    • Performance Statistics
      • Peer Lending (Level II) – December 2002
      Indicators # Members Trained Month YTD Cumulative # of Chartered BLG’s (business loan groups) # of Loans Dispersed Value of Loans Dispersed Average Loan Size Current Repayment Rate 96% 96% 96% 12 months 12% $2000 $62,500 $40,000 $19,500 28 20 8 9 5 2 97 44 3
    • Miami-Dade/Broward/Palm Beach/Pinellas Counties
      • Take the Puzzle out of Starting or Expanding a Small Business
      Direct Individual LOANS (Level III) requires credit and collateral $5,000 - $35,000 Visit us @: www.microbusinessusa.org Call Toll Free: 1-877-722-4505 Phone: 305.438.1407 PARTNER LOAN PROGRAM
    • PARTNER LOAN PROGRAM - III
      • You will need:
      • Business must be at least 2 year old
      • Personal Financial Statement
      • Business Financial Statement
      • Current Bank Statement
      • Occupational License
      • Credit Report (obtained by Partners)
      • Tax Return (one year)
      • Business Profile (Partners form)
      • Cash Flow Statement (Partners form)
      • Projected Income and Expense Statement ( Partners form)
      • Collateral in the form of accounts receivable, business assets,
      • real estate or vehicle with no liens.
      • $100 loan administration fee
      • 12% interest – Loan terms 12 – 36 months
      Direct Individual loans from $5,000 - $35,000
    • Performance Statistics PARTNER LOAN PROGRAM
      • Direct Individual Loans – December 2002
      Indicators # of Loans Dispersed Month YTD Cumulative Value of Loans Dispersed Average Loan Size Loan Term Interest Rate Current Repayment Rate 84% 85% 85% 12% 24 months $12,600 12,000 $22,000 1,022,000 $24,000 $22,000 81 2 1
    • Partners for Self-Employment, Inc.
      • Corporate Offices:
      • 3000 Biscayne Boulevard
      • Suite 102
      • Miami, Florida 33137
      • Tel: (305) 438-1407
      • Fax: (305) 438-1411
      • Email: [email_address]
      • Toll Free: 1-877-722-4505
      • www.microbusinessusa.org
    • Free Information Meetings Monday, Tuesday or Wednesday 6:30 P.M. Pinellas St. Petersburg SBDC 1045 16 th Street South 1-877-722-4505 Broward North Broward 5460 N. State Road 7 Ste. 212-213 Ft. Lauderdale 1-877-722-4505 Ft. Lauderdale Broward Main Library Fifth Floor 100 S. Andrews 1-877-722-4505 Miami/Dade Miami 3000 Biscayne Blvd., Ste. 102A 1-877-722-4505 North Miami 163 Street Shopping Center Second Floor 1421 NE 163 Street 1-877-722-4505 Cutler Ridge Cutler Ridge Mall First Floor 20505 South Dixie Hwy. 1-877-722-4505
    • Contact Us!!! www.microbusinessusa.org Phone: 305.438.1407 Toll Free: 1-877-722-4505 Partners for Self-Employment, Inc.