This PowerPoint is a discussion of options for financing clean energy. It describes financing processes, and outlines specific options related to on-bill financing structures, 3rd party structures and commercial lending structures. It was originally presented to RE-AMP, an organization of environmental advocates operating primarily in the Midwest.
I am mentioned several times in the September 2011 issue of Restaurant Finance Monitor John Hamburger. My input is directly loan based and I provide quick figures as to what you can expect by using our loan program for you next restaurant commercial financing project.
This is a presentation on the Proposal of the Research Topic- " Who is to be held responsible for the Sub-prime Mortgage Losses"
- Provides the basic concepts of understanding the crises.
- Their Link with the Accounting Standard and Concepts.
Let us help you make a difference today.
—
We recently attended the 2018 CBM Annual Convention & Trade Show, Michigan's premier banking event, and enjoyed getting to know community bankers from across the state. At SBA Complete, we understand that it can be tough to balance internal resources, keep up with changing regulations, and maintain a high-performing loan portfolio. It's why we built our business—to help community banks like yours build strong, profitable, and compliant SBA loan portfolios that facilitate small business growth.
Credit Union Myths - It's a Money ThingTim McAlpine
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
Everyone knows that social media is here to stay. How can you protect your brand and your company on social media and still allow your employees to have the freedom they expect to use social media?
Everyone wants to save money for their business. How can you hire the right person and save money while doing so? This webinar will focus on the employer hiring credits available by hiring individuals from specific target groups.
We will also cover a few other credits you may want to ask your accountant about to see if you qualify.
This PowerPoint is a discussion of options for financing clean energy. It describes financing processes, and outlines specific options related to on-bill financing structures, 3rd party structures and commercial lending structures. It was originally presented to RE-AMP, an organization of environmental advocates operating primarily in the Midwest.
I am mentioned several times in the September 2011 issue of Restaurant Finance Monitor John Hamburger. My input is directly loan based and I provide quick figures as to what you can expect by using our loan program for you next restaurant commercial financing project.
This is a presentation on the Proposal of the Research Topic- " Who is to be held responsible for the Sub-prime Mortgage Losses"
- Provides the basic concepts of understanding the crises.
- Their Link with the Accounting Standard and Concepts.
Let us help you make a difference today.
—
We recently attended the 2018 CBM Annual Convention & Trade Show, Michigan's premier banking event, and enjoyed getting to know community bankers from across the state. At SBA Complete, we understand that it can be tough to balance internal resources, keep up with changing regulations, and maintain a high-performing loan portfolio. It's why we built our business—to help community banks like yours build strong, profitable, and compliant SBA loan portfolios that facilitate small business growth.
Credit Union Myths - It's a Money ThingTim McAlpine
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
Everyone knows that social media is here to stay. How can you protect your brand and your company on social media and still allow your employees to have the freedom they expect to use social media?
Everyone wants to save money for their business. How can you hire the right person and save money while doing so? This webinar will focus on the employer hiring credits available by hiring individuals from specific target groups.
We will also cover a few other credits you may want to ask your accountant about to see if you qualify.
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education and training, and
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This is an overview presentation designed to accompany a live demonstration of the Illinois Workforce Integration System. The subject is the Apprenticeship Illinois Program.
Learn about the Demand Occupations tool on Illinois workNet. This tool allows job seekers to see which jobs in Illinois are in the highest demand, as well as labor market information about each career.
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A widget is a stand-alone application that can be embedded into other websites. Illinois workNet offers several widget options. All of the widgets are interactive making content seamless from other websites.
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Whether you are a business or a job seeker, you need to know how and why you should be using social media to market your product and services, or skills and experiences to your target audience. With close to a 1000 social platforms, it is hard to decide which ones are best for you. This SlideShare will walk you through a variety of platforms and how they can help in your job search.
1. Advantage Illinois
IL Department of Commerce & Economic Opportunity
J. R. Thompson Center
100 West Randolph Street (Suite 3-400)
Chicago, Illinois 60601
Stanley Luboff Sarah August
Advantage Illinois Pgm Mgr Ass’t Advantage Illinois Pgm Mgr
Direct Phone: (312) 814-1595 Direct Phone: (312) 814-3631
E-Mail: stanley.luboff@illinois.gov E-Mail: sarah.august@illinois.gov
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2. Advantage Illinois (“AI”)
• Origin
• American Recovery & Reinvestment Act of 2009 ($787BN)
• Small Business Jobs Act of 2010 ($30BN)
• Title III – “State Small Business Credit Initiative”
• $1.5 BN divided according to state/territory population
and unemployment experience during 2008 & 2009
• Illinois Allocation: $78,365,264
• Maximum Borrower/Recipient Size: <750 FTEs
• Maximum Loan/Investment Size: $20MM or Less
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3. Advantage Illinois (“AI”)
AI Performance as of 6/1/15
• Total Amt of Loans/Investments: $504,592,637
• Total Amt of AI Funds Obligated/Expended: $63,318,947
(incl. $1.5MM in “Recycled Funds”)
• Total Amt of Private Sector Loans/Investments Catalyzed:
$485,944,461 (including Follow-on Funds)
• Total Jobs Created/Retained: 2,675 / 1,414
• Leverage (Private Sector Funds : SSBCI Funds): 7.86:1.0
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4. Advantage Illinois (“AI”)
Prohibited Uses
• Passive Real Estate
• “Ownership Interests”
• Purchases of Shares/Stock
• “Goodwill”, (though almost all other Tangible/
Intangible assets may be financed)
• Support of “Companion Loans” permitted
• Certain Industries/Purposes
4
5. Advantage Illinois (“AI”)
•Capital Access Program (“CAP”)
•Methodology
• Fee-based, Escrow Account Reserve Program
• Lender may access to offset shortfalls after Borrower liquidation
• Fee Match: 2% to 5%. Fee is paid 50%/50% by Borrower and Lender
(however Lender can debit the Borrower for its portion)
• Bank’s Loan Size: Up to $1,000,000
•Types of Loans Covered
• Term Loans up to 5 year tenor.
• Revolving LOCs (renewable for up to one additional year, with only
one fee due)
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6. Capital Access Program
6
Escrow Account at Lender’s Branch
Fee From Loan #1
Fee From Loan #2
Fee From Loan #3
Fee From Loan #4
Advantage Illinois
Matching Fee #1
Matching Fee #2
Matching Fee #3
Matching Fee #4
Lender
$
7. Advantage Illinois (“AI”)
Participation Loan Program – Overview
• Standard Participation Loan Program (“PLP”)
• Minority/Women/Disabled/Veteran-Owned
Businesses (“MWDV PLP”)
• Revolving Line of Credit (“RLOC PLP”)
• SBA Supported Projects
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8. Advantage Illinois (“AI”)
Participation Loan Program Application Process
• Lender signs Master Agreement which covers all Lending Officers
in all Lender Branches with the same FEIN.
• Once Lender signs Master Participation Agreement, deal-specific
documentation and loan servicing is “short and simple”.
oLender electronically transmits a copy of their internal Credit Approval,
“contingent on participation by Advantage Illinois”. Version sent should
be “cuttable/pasteable”.
oLender completes 1-page “Lender’s Application for Participation”
oBorrower & Guarantors complete 1-page “Applicant’s Project Proposal”
and sign/complete “Applicant’s Certifications” & ITR-1s.
• DCEO usually takes 2-3 weeks to secure internal Approvals.
• Approval Letter sent to Lender, who signs the document and is
then able to disburse the full amount of the Loan. 8
9. Advantage Illinois (“AI”)
Standard Participation Loan Program Guidelines
• Maximum support is the lesser of a) 25% of the “Project”, b) 50%
of the Loan, or c) up to $2MM, depending on job
creation/retention.
• Maximum DCEO tenor is 10 years.
• Interest Rate is “below market”.
• DCEO financial support may range up to $50K per FTE to be
created within 2 Years or “At Risk” job to be retained.
• Refinancing of one Lender’s loans by an unrelated Lender is
permitted (refinancing of a Lender’s own existing exposure is
possible under limited terms/conditions).
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10. Advantage Illinois (“AI”)
PLP for Minority/Women/Disabled/Veteran-
Owned Businesses (“MWDV PLP”)
• Basic structure is similar to the Standard PLP, except that
maximum support is the lesser of a) 40% of the “Project”,
b) 50% of the Loan, or c) up to $200K, depending on job
creation/retention.
• Maximum MWDV PLP tenor is 7 years.
• DCEO financial support may range from $25K - $65K per FTE.
• MWDV majority ownership, (51% or more), and “control”.
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11. Advantage Illinois (“AI”)
Revolving Line of Credit PLP Program (“RLOC PLP”)
• Basic structure is similar to the Standard PLP.
• Maximum support is the lesser of a) 25% of the “Project”, b) 50% of the
RLOC Facility, or c) up to $2MM, depending on job creation/retention. Interest
Rate on DCEO’s portion is “below market”.
• DCEO financial support may range from $25K to $50K per FTE.
• Maximum Tenor is 2 years (refinancing of an already PLP-supported Facility
is possible but requires reapplication).
• DCEO’s Participation in the Facility will be deposited in an Escrow Account at
the Lender’s Branch, with Lender paying ¼% p.a. interest on the entire
amount of DCEO’s Participation.
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12. Advantage Illinois (“AI”)
PLP Assistance in Conjunction with Small Business
Administration (“SBA”) Supported Activity
Previous Advantage Illinois SBA-7A and SBA-504-linked activities
have been terminated by the U.S. Treasury.
• DCEO support is now restricted to financing “purposes other than those
financed with SBA assistance”. Thus DCEO may participate in up to 50%
of “Companion Loans” provided by the Lender to the same Borrower, when
documented with separate, unguaranteed Notes.
• DCEO’s credit exposure will be subordinated to the Lender’s, and when
required, to the SBA’s interests as well.
• DCEO may not support Lender’s unguaranteed portion under the SBA-7A
Guarantee.
• Same restrictions apply in relation to other Federal Programs
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13. Advantage Illinois (“AI”)
Invest Illinois Venture Fund (“IIVF”) Program
Due to unexpected high interest in this product, DCEO
has indefinitely suspended accepting new Applications.
• DCEO invested in common stock, preferred shares, and/or other equity/
quasi-equity investments acceptable to SSBCI Management at Treasury.
• Targeted hi-tech companies, and others with high potential for growth and
the creation of high-paying professional jobs in Illinois.
• DCEO limited its equity investments in any particular company to not more
than 25% of the company’s equity.
• Investee had to have firm commitments from other Lenders/Investors
totaling no less than 3 times the amount of DCEO’s investment.
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