Partners For Self Employment, Inc

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Partners For Self Employment, Inc

  1. 1. Partners for Self-Employment, Inc. Founded 1993
  2. 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. 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. 4. Providing the missing piece of the puzzle for small businesses <ul><ul><li>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. </li></ul></ul>Mission Statement
  5. 5. Providing the missing piece of the puzzle for small businesses <ul><ul><li>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. </li></ul></ul><ul><ul><li>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. </li></ul></ul>Purpose
  6. 6. Key Players <ul><li>Loan Pool </li></ul><ul><li>Banks - Federal and Local Government Agencies - Private Investors </li></ul><ul><li>BankUnited First National Bank of South Miami </li></ul><ul><li>Chase Manhattan Bank First National Bank of Homestead </li></ul><ul><li>Citibank Bank United </li></ul><ul><li>City National Bank of Florida Commercebank </li></ul><ul><li>Mellon United Nation Bank Citigroup Foundation </li></ul><ul><li>SunTrust Bank American Express Foundation </li></ul><ul><li>Operational Support </li></ul><ul><li>Foundations - Federal and Local Government Agencies - Private Contributions </li></ul><ul><li>Charles Stewart Mott Foundation SBA U.S. Small Business Administration </li></ul><ul><li>John S. & James L. Knight Foundation US Treasury Department-CDFI </li></ul><ul><li>John D. & Catherine T. MacArthur Found. Alex & Agnes O. McIntosh Foundation </li></ul><ul><li>Norman Shulevitz Foundation Miami-Dade Office of Community & </li></ul><ul><li>Roblee Foundation Economic Development </li></ul><ul><li>Wallack Family Foundation Bank Atlantic Foundation </li></ul><ul><li>City of Miami Economic Development City of St. Petersburg Economic Development </li></ul>
  7. 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. 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 <ul><li>Level 1 </li></ul><ul><li>Leadership Development </li></ul><ul><li>Peer Group Support </li></ul><ul><li>Trade Shows </li></ul><ul><li>Seminars </li></ul><ul><li>Benefits of MB-USA </li></ul><ul><li>Business Training </li></ul><ul><li>Networking </li></ul><ul><li>Build Credit History </li></ul><ul><li>Business Card Exchange </li></ul>
  9. 9. <ul><li>6-12 Participants in peer group </li></ul><ul><li>2 hour initial orientation </li></ul><ul><li>Peer group meets 2 hrs/week – 6 weeks </li></ul><ul><li>Peer group is loan committee </li></ul><ul><li>(makes all loan decision for members) </li></ul><ul><li>First loan $500 then $1,500 </li></ul><ul><li>No larger loans unless each member current in monthly payments </li></ul><ul><li>Loan terms 4-12 months </li></ul><ul><li>10 % buffer for each loan </li></ul><ul><li>Attend bi-monthly business enrichment sessions with loan repayment meetings </li></ul>MB-USA Peer Group Level - I
  10. 10. Performance Statistics <ul><li>Peer Lending (Level I) – December 2002 </li></ul>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. 11. Examples of Loan Use <ul><li>What Can You Do with a $500 Loan? </li></ul><ul><li>Buy a fax machine/answering machine </li></ul><ul><li>Business cards and stationary </li></ul><ul><li>License </li></ul><ul><li>Advertise </li></ul><ul><li>Add phone lines </li></ul><ul><li>Create a website </li></ul><ul><li>Purchase materials and supplies </li></ul><ul><li>Brochures, flyers and handouts </li></ul>
  12. 12. Business Start-Ups Click www.microbusinessusa.com for complete listing of businesses <ul><li>Child Care </li></ul><ul><li>Internet Marketing </li></ul><ul><li>Graphic Design </li></ul><ul><li>Skin Care Products </li></ul><ul><li>Used Bookstore </li></ul><ul><li>Video Productions </li></ul><ul><li>Escort and Dating Services </li></ul><ul><li>Event Planning and Production </li></ul><ul><li>Take-out and Catering </li></ul><ul><li>Telecommunications Service </li></ul><ul><li>Home and Property Inspection </li></ul><ul><li>Beauty and Hair Care </li></ul><ul><li>Auto Repairs </li></ul><ul><li>Car Detailing </li></ul><ul><li>Secretarial Services </li></ul><ul><li>Accounting and Taxes Auditing </li></ul><ul><li>Travel Agency </li></ul><ul><li>Janitorial and Maid Services </li></ul><ul><li>Fashion Design </li></ul><ul><li>Gift Baskets </li></ul><ul><li>Lawn Service </li></ul><ul><li>Photography </li></ul>
  13. 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 <ul><li>Level 2 </li></ul><ul><li>Leadership Development </li></ul><ul><li>Peer Group Support </li></ul><ul><li>Trade Shows </li></ul><ul><li>Seminars </li></ul><ul><li>Benefits of MB-USA </li></ul><ul><li>Business Training to Build </li></ul><ul><li>your business </li></ul><ul><li>Build Credit History </li></ul><ul><li>Business Card Exchange </li></ul>
  14. 14. <ul><li>6-12 Participants in peer group </li></ul><ul><li>Advanced Business Skills Training </li></ul><ul><li>Established business make marketing & business plans based on profitability analysis </li></ul><ul><li>Peer group meets 2 hrs/week – 8 weeks </li></ul><ul><li>Peer group is loan committee </li></ul><ul><li>(makes all loan decisions for members) </li></ul><ul><li>Loans are $2,000 up to $5,000 </li></ul><ul><li>Loan terms 4-24 months </li></ul><ul><li>10 % buffer for each loan </li></ul><ul><li>MUST attend bi-monthly business enrichment sessions with loan repayment meetings </li></ul>MB-USA Peer Group Level Two
  15. 15. Performance Statistics <ul><li>Peer Lending (Level II) – December 2002 </li></ul>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. 16. Miami-Dade/Broward/Palm Beach/Pinellas Counties <ul><li>Take the Puzzle out of Starting or Expanding a Small Business </li></ul>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. 17. PARTNER LOAN PROGRAM - III <ul><li>You will need: </li></ul><ul><li>Business must be at least 2 year old </li></ul><ul><li>Personal Financial Statement </li></ul><ul><li>Business Financial Statement </li></ul><ul><li>Current Bank Statement </li></ul><ul><li>Occupational License </li></ul><ul><li>Credit Report (obtained by Partners) </li></ul><ul><li>Tax Return (one year) </li></ul><ul><li>Business Profile (Partners form) </li></ul><ul><li>Cash Flow Statement (Partners form) </li></ul><ul><li>Projected Income and Expense Statement ( Partners form) </li></ul><ul><li>Collateral in the form of accounts receivable, business assets, </li></ul><ul><li>real estate or vehicle with no liens. </li></ul><ul><li>$100 loan administration fee </li></ul><ul><li>12% interest – Loan terms 12 – 36 months </li></ul>Direct Individual loans from $5,000 - $35,000
  18. 18. Performance Statistics PARTNER LOAN PROGRAM <ul><li>Direct Individual Loans – December 2002 </li></ul>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. 19. Partners for Self-Employment, Inc. <ul><li>Corporate Offices: </li></ul><ul><li>3000 Biscayne Boulevard </li></ul><ul><li>Suite 102 </li></ul><ul><li>Miami, Florida 33137 </li></ul><ul><li>Tel: (305) 438-1407 </li></ul><ul><li>Fax: (305) 438-1411 </li></ul><ul><li>Email: [email_address] </li></ul><ul><li>Toll Free: 1-877-722-4505 </li></ul><ul><li>www.microbusinessusa.org </li></ul>
  20. 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. 21. Contact Us!!! www.microbusinessusa.org Phone: 305.438.1407 Toll Free: 1-877-722-4505 Partners for Self-Employment, Inc.

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