Stable Housing. Thriving Businesses. Strong Communities.
 
Accessing Small Business Loans
to Start or Grow Your Business
T...
Stable Housing. Thriving Businesses. Strong Communities.
LENDING PROGRAM
Certified Community Development Financial Instit...
Stable Housing. Thriving Businesses. Strong Communities.
OUR PORTFOLIO
Portfolio at Risk is less than 3 percent 
200 act...
Stable Housing. Thriving Businesses. Strong Communities.
FUNDING
SOURCES
SBA
CDFI
Banks
Foundations
County
State
Fe...
Stable Housing. Thriving Businesses. Strong Communities.
OUR PROCESS
$50 application fee
Pull Credit report
Gather docu...
Stable Housing. Thriving Businesses. Strong Communities.
SWEET & NATURAL BAKERY
Stable Housing. Thriving Businesses. Strong Communities.
LALOS MARKET
Stable Housing. Thriving Businesses. Strong Communities.
COLUMBIA HAIR SALON
Stable Housing. Thriving Businesses. Strong Communities.
MANDU
Stable Housing. Thriving Businesses. Strong Communities.
Lending Clients per Income
Q3-FY12
Low Income 73.7%
Moderate Inco...
Portfolio at Risk
Q1FY12 Q2FY12 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13
PAR>30days 11.8% 5.9% 5.8% 5.1% 3.5% 3.1% 1.7%
Contact Information
Cesar Lopez, Director of Lending
clopez@ledcmetro.org
Carlos Arango
Small Business Lending Officer, Ma...
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Alternative Sources of Funding | LEDC

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LEDC presented at the Washington, DC Economic Partnership's (WDCEP) & Small Business Administration's (SBA) Alternative Sources of Funding event held on September 26, 2013.

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  • .
  • Fun Fact : Two-thirds of new American jobs are created by businesses that are less than five years old.
  • Start ups: Clients must have at least 2 years of industry experience. LEDC can not finance more than 80% of total investment Clients have to contribute at least 15% of the total investment as equity
  • Story of expansion MD Bakery Whole Foods – opportunity Wholesale  Retail  WF order (freezer)
  • Story: Purchase market from Step Father Increase in Sales Plans to expand to have a deli / hot bar
  • Technical Assistance Renovation of existing business
  • Established business, since X 2 locations Pilot new project – Union Market
  • Alternative Sources of Funding | LEDC

    1. 1. Stable Housing. Thriving Businesses. Strong Communities.   Accessing Small Business Loans to Start or Grow Your Business The Latino Economic Development Center (LEDC) Panel about alternative source of funding September 26, 2013O
    2. 2. Stable Housing. Thriving Businesses. Strong Communities. LENDING PROGRAM Certified Community Development Financial Institution  (CDFI) and SBA small business lender Program established in 1997 Provide technical assistance and small business loans  between $5,000 - $50,000 One loan product: fixed, fully-amortizing term loans Work with both start-up and existing small business owners  who are underserved by mainstream financial institutions  Serve the entire Washington Metro area (DC, VA, MD) plus  Baltimore Interest rates: 9-14 percent Term: 6 months to 5 years Processing time: 2-4 weeks No pre-payment penalty
    3. 3. Stable Housing. Thriving Businesses. Strong Communities. OUR PORTFOLIO Portfolio at Risk is less than 3 percent  200 active clients  Average loan size of $12,000 FY13: Disbursed 120 small business loans Disbursed $1.9 million in funding 200+ jobs created or maintained 30 new businesses created 95 percent low to moderate income (LMI)
    4. 4. Stable Housing. Thriving Businesses. Strong Communities. FUNDING SOURCES SBA CDFI Banks Foundations County State Federal
    5. 5. Stable Housing. Thriving Businesses. Strong Communities. OUR PROCESS $50 application fee Pull Credit report Gather documents Prepare credit memo Present credit memo Close Loan
    6. 6. Stable Housing. Thriving Businesses. Strong Communities. SWEET & NATURAL BAKERY
    7. 7. Stable Housing. Thriving Businesses. Strong Communities. LALOS MARKET
    8. 8. Stable Housing. Thriving Businesses. Strong Communities. COLUMBIA HAIR SALON
    9. 9. Stable Housing. Thriving Businesses. Strong Communities. MANDU
    10. 10. Stable Housing. Thriving Businesses. Strong Communities. Lending Clients per Income Q3-FY12 Low Income 73.7% Moderate Income 21.1% Others 5.3% TOTAL 100.0% LMI 94.7%
    11. 11. Portfolio at Risk Q1FY12 Q2FY12 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13 PAR>30days 11.8% 5.9% 5.8% 5.1% 3.5% 3.1% 1.7%
    12. 12. Contact Information Cesar Lopez, Director of Lending clopez@ledcmetro.org Carlos Arango Small Business Lending Officer, Maryland carango@ledcmetro.org Christina Stockamore Small Business Lending Officer, Washington D.C. cstockamore@ledcmetro.org Pamela Canas Small Business Lending Officer, Virginia. pcanas@ledcmetro.org
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