Washington Area
Community Investment
Fund
Celebrating 26 Years
∗ WACIF is a nonprofit community
development loan fund whose
mission is to empower
underserved communities and
individuals...
∗ Small Businesses
∗ Affordable Housing Developers
∗ Childcare Centers
∗ Community Organizations
∗ Non-profits
WACIF’s Cli...
∗ Access to Capital
∗ Technical Assistance
∗ Free Seminar Series (legal, marketing, financing, taxes etc…)
∗ Mentors
How d...
∗ WACIF’s Access to Capital Loan fund
∗ SBA Micro-Loan Fund
∗ CBE Microloan Fund
∗ Streetscape Relief Loan Fund
∗ Bank Par...
∗ Deliberately
∗ The ‘craft’ brewers of the lending world
∗ Judiciously
∗ Sources of capital are limited, thus loans are l...
∗ Intake form on www.wacif.org
∗ Business Evaluation by WACIF staff
∗ Request for application
∗ Prepare your financials
∗ ...
∗ Provided technical assistance to more than 500 individuals and entrepreneurs
∗ Packaged 44 loans or equity investments i...
Washington Area Community
Investment Fund
Celebrating 26 Years
2012 Rhode Island Ave NE
(202) 529 – 5505 - www.wacif.org
Washington Area Community
Investment Fund
Celebrating 26 Years
2012 Rhode Island Ave NE
(202) 529 – 5505 - www.wacif.org
Upcoming SlideShare
Loading in …5
×

Alternative Sources of Funding | WACIF

406
-1

Published on

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

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
406
On Slideshare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • Provides technical and financial assistance to organizations seeking to create/retain affordable housing units in the DC Metropolitan Area.
  • Provides technical and financial assistance to organizations seeking to create/retain affordable housing units in the DC Metropolitan Area.
  • Financing nonprofit developers working to create/retain affordable housing and foster economic revitalization in their neighbouuurhoods.
  • Financing nonprofit developers working to create/retain affordable housing and foster economic revitalization in their neighbouuurhoods.
  • Financing nonprofit developers working to create/retain affordable housing and foster economic revitalization in their neighbouuurhoods.
  • Financing nonprofit developers working to create/retain affordable housing and foster economic revitalization in their neighbouuurhoods.
  • Financing nonprofit developers working to create/retain affordable housing and foster economic revitalization in their neighbouuurhoods.
  • Alternative Sources of Funding | WACIF

    1. 1. Washington Area Community Investment Fund Celebrating 26 Years
    2. 2. ∗ 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… WACIF’s Mission - Smith and Sons, LLC
    3. 3. ∗ Small Businesses ∗ Affordable Housing Developers ∗ Childcare Centers ∗ Community Organizations ∗ Non-profits WACIF’s Clients and Services
    4. 4. ∗ Access to Capital ∗ Technical Assistance ∗ Free Seminar Series (legal, marketing, financing, taxes etc…) ∗ Mentors How does WACIF help? WACIF’s Programs
    5. 5. ∗ WACIF’s Access to Capital Loan fund ∗ SBA Micro-Loan Fund ∗ CBE Microloan Fund ∗ Streetscape Relief Loan Fund ∗ Bank Partners ∗ Community Development VCs WACIF and Access to Capital
    6. 6. ∗ 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 How WACIF Lends Money
    7. 7. ∗ 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 How to Apply
    8. 8. ∗ 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 2012 Highlights! WACIF’s Year-End
    9. 9. Washington Area Community Investment Fund Celebrating 26 Years 2012 Rhode Island Ave NE (202) 529 – 5505 - www.wacif.org
    10. 10. Washington Area Community Investment Fund Celebrating 26 Years 2012 Rhode Island Ave NE (202) 529 – 5505 - www.wacif.org
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×