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Partners For Self Employment, Inc

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  • 1. Partners for Self-Employment, Inc. Founded 1993
  • 2. 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
  • 3. 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
  • 4. 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
  • 5. 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
  • 6. 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
  • 7. 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
  • 8. 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
  • 9.
    • 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
  • 10. 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
  • 11. 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
  • 12. 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
  • 13. 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
  • 14.
    • 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
  • 15. 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
  • 16. 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
  • 17. 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
  • 18. 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
  • 19. 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
  • 20. 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
  • 21. Contact Us!!! www.microbusinessusa.org Phone: 305.438.1407 Toll Free: 1-877-722-4505 Partners for Self-Employment, Inc.