Gary Lindner. President & CEO
|
|
|
- Oliver Brian Lynch
- 10 years ago
- Views:
Transcription
1 Gary Lindner President & CEO
2 Who We Are Established in 1994 Certified Texas Non-profit 501(c)3 US Treasury Certified Community Development Financial Institution(CDFI) Commitment to serve underserved markets Minority, women, veteran owned businesses Businesses in low to moderate income (LMI) census tracts Eligible for US Treasury CDFI Funds Small Business Administration (SBA) Certified Lender SBA Microloans up to $50,000 SBA 7a Community Advantage Loans up to $250,000 SBA 504 Loans up to $5 million Eligible for SBA microloan capital/grants CDFI Analysis and Rating System (AERIS) AA+2
3 Our Mission, Vision, and Core Values Our Mission PeopleFund creates economic opportunity and financial stability for underserved people by providing access to capital, education and resources to build healthy small businesses. Our Vision To become the premier non-profit business lender in Texas. Core Values Integrity First Service Before Self Excellence in All We Do
4 PeopleFund Strengths Top SBA7A Community Advantage lender in Texas and #4 in the nation. Highlighted at 2014 Clinton Global Initiatives PeopleFund selected by Elizabeth Street Capital (Tory Burch Foundation and Bank of America) as sole Texas CDFI partner to advance the cause of women entrepreneurs Top Texas non-profit lender to veteran business owners. Endorsed by the Texas Veterans Commission (TVC). Sole funding partner for Texas Veteran Entrepreneur Academy Diversity from top to bottom. Minority majority Board (10 of 13 minorities). Bilingual at all locations. 5 of 6 loan officers Hispanic. 75% staff female. All 5 senior staff female. Representative of those we serve. Received 2015 DiversityFIRST award by Texas Diversity Council. CEO named 2015 Non-profit CEO of the Year by Austin Business Journal and 2015 Veteran Small Business Champion by SBA
5 PeopleFund Team
6 PeopleFund Senior Staff Impeccable professional credentials and passionate commitment to success of Texas small business owners Dream Team Pictured from left to right: Rocio Vallejo, Director of Lending, Education & Training; Julia Dunn, CFO; Gary Lindner, President & CEO; Shay Erickson, Office Manager; Amber Cooney, Director of Development & Communication; Laura Shock, Director of Underwriting & Risk Management.
7 Source of Loan Capital Current as of 09/30 Source Banks $7,346,995 Investors $1,361,000 SBA $1,201,262 Department of Treasury $900,000 State of Texas $500,000 Total $11,309,257
8 Portfolio by Loan Group YTD 2015 Total Portfolio by Loan Group $ Principal # Loans BUSINESS LOANS FINANCED BY PEOPLEFUND $7,272, SBA MICROLOAN FUND $659, SBA COMMUNITY ADVANTAGE LOANS $4,920, Total $12,852,
9 PeopleFund Portfolio Activity Q Total Portfolio by Loan Group $ Principal # Loans BUSINESS LOANS FINANCED BY PEOPLEFUND $7,272, SBA MICROLOAN FUND $659, SBA COMMUNITY ADVANTAGE LOANS $4,920, Total $12,852,
10 State Expansion Plan Timeline
11 Loan Products Loans $1,000 - $350,000 SBA Microloans - $50,000 SBA 7A Community Advantage - $250,000 Training and Loan Program for Veterans - PeopleVET Lines of Credit Low Down Payment/Equity Flexible Underwriting No Pre-payment Penalty
12 Lending Criteria Small business owners & non-profits located in Texas. DBA for business owners. Startups (less than 24 mos.), & bank denials OK. Loan approval based on typical lending criteria (e.g. credit, collateral, cash flow, etc.) but without constraints of a regulated borrower. Every loan considered on its own merits. Ineligible active bankruptcy, civil judgment, federal tax liens, outstanding child support, non-medical collections, OFAC advisory list, delinquent student loans, adult entertainment Can work with prior incarcerated, misdemeanor, non-violent felony convictions. Individuals with ITIN plus other ID/ OK. Must have filed a federal tax return. Real-estate loans must be at least 50% owner-occupied. Except for federal tax liens, debt consolidation loans possible.
13 What Makes PeopleFund & CDFI s Different Non-Profit Business Lender CDFI Support Underserved Populations No Application Fee No Established Minimum FICO Score Low Loan Equity Contribution Flexible Loan Terms and No Pre-Payment Penalty Post Loan Business Training and Support Variety of Loan Products: PeopleFund Loans, SBA Microloan, SBA Community Advantage Loans, Lines of Credit amounts vary $250,000 maximum
14 Portfolio By Industry YTD 2015
15 Portfolio Breakdown by MSA YTD 2015
16 Loan Distribution YTD 2015 Portfolio by Ethnicity - # Loans 3% Portfolio by Veteran Status - # Loans 20% 39% 29% African American Asian Hispanic Veteran-Owned Non Veteran-Owned Other 80% 5% White - Non Hispanic N/A 2% 22% Portfolio By Business Type Portfolio by Gender - # Loans 12% 31% Startup Small Business 47% Women-Owned Non Profit 53% Men-Owned 57%
17 Development & Communications Grants provide an essential source of revenue so we can offer low interest rates and top quality education & training Offset operating expenses to provide affordable loans. Marketing and Communications Essential to clients, funders, and donors to create positive and compelling public image. Extensive social media for news and events. Events: East Night, Innovation Week & more Social Media Twitter followers: 3,322+ Facebook: 1,738+ Newsletter: 15,702+ subscribed Website page views: 36,213+/ month
18 Grant Support Top 10 Funders for CDFI Fund 2. Bank of America 3. Goldman Sachs 4. City of Austin 5. SBA Micro & Prime 6. Comerica 7. Capital One 8. Wells Fargo 9. BB&T 10.USAA
19 Educational Resources Credit counseling, business plan, financials Loan readiness and application prep Extended Curriculums 125 Volunteer Mentors 9,015+ TA hours in 2014
20 New Market Tax Credit U.S. Treasury tax incentive program Investors receive 39% federal tax credit over 7 years We target non-profits in distressed census tracts Develop community facilities and create jobs Partner with The Bernstein Companies PeopleFund awarded $15 Million Allocation Houston Meals on Wheels $3.9M Dallas/Fort Worth One Safe Place - $5.0M San Antonio ACCION Texas - $6.1MM $40 Million Application submitted 2014
21 Some Wins $15M NMTC Allocation successfully deployed in 2013 Strong CARS Rating (AA2) Treasury Short Term Lending Program (STLP) 2012 Dallas SBDC Most Outstanding Lender Certified as SBA Microlending Intermediary SBA 7A Community Advantage - #1 TX - #4 US 2013 Austin Chamber AT&T Executive Leadership Award 2013 Futuro Fund Winner 2014 Bank of America $1.5 Million line of Credit 2014 Goldman Sachs $4 Million Loan for Dallas-Fort Worth 2014 State of Texas $500,000, 0% Interest Forgivable Loan (Veterans) 2014 $700,000 Grant Award from CDFI Fund 2014 Texas CDFI for Elizabeth Street Capital (Women Entrepreneurs) 2014 Dallas Women s Foundation Investment
22 2015 Activity Active SBA 504 Certified leader (pending) NMTC Allocation ($30 million requested) Seek Partnership Loans (Health care, healthy food Seek Merger and Acquisition Candidates Add staff to support expansion/growth Dallas Ft. Worth Houston Rio Grande Valley Austin San Antonio Business Resource Center Upstairs (June 2015) Expand online training and education programs
23 How to Apply Online at Click on get a loan Call Ask to speak to a loan officer Visit Us 2921 East 17th St., Austin, TX Swiss Ave., #120, Dallas, TX Jones Rd. #407 Houston, TX N. Main St., #201B, McAllen, TX South Fwy, Fort Worth, TX East Grayson St. # 203, San Antonio, TX 78215
24 Contact Us Gary Lindner President & CEO Rocio Vallejo Director of Lending Yussef Habib Business Development Officer Dallas Mari Montoya Senior Loan Officer - Dallas [email protected] Erika Downs Loan Officer Fort Worth [email protected] Nini Gutierrez Loan Officer Houston [email protected] Beatriz Pappas Senior Loan Officer South Austin/ San Antonio [email protected] Marco Melendez Loan Officer North Austin/Waco [email protected] Jesse Sanchez Jr Loan Officer Rio Grande Valley [email protected]
Financing Options for Your Small Business Guide
Financing Options for Your Small Business Guide PROVIDED BY THE ANGELO STATE UNIVERSITY SMALL BUSINESS DEVELOPMENT CENTER Revised May 2011 This guide neither intends nor offers specific financial advice.
General Session II Community Advantage and Economic Development Models for Success Grand Ballroom Salons 1-4 2:45 pm 3:45 pm
General Session II Community Advantage and Economic Development Models for Success Grand Ballroom Salons 1-4 2:45 pm 3:45 pm Thank you to our Alliance Partners Speakers Grady Hedgespeth, Director, Office
How to get a business loan. Valery Belloso Business Development Officer
How to get a business loan Valery Belloso Business Development Officer Agenda Options to get the funding you need for your business Overview of Accion San Diego Things to consider before you apply for
CDFI Small Business Lending: Its Our Time
CDFI Small Business Lending: Its Our Time Roberto Barragan, President VEDC VEDC 1 Introduction VEDC is the largest non profit small business lender in Metro LA Largest SBA Microlender and EDA RLF in CA.
COMMUNITY ADVANTAGE. Pilot Program Opportunity. Pilot program launched in February of 2011
COMMUNITY ADVANTAGE Pilot Program Opportunity Community Advantage History Pilot program launched in February of 2011 Pilot ends March 15, 2014 but may be extended dd or made permanent After initial launch,
U.S. Small Business Administration. Erica Choi Senior Area Manager Albany. www.sba.gov/ny/syracuse. [email protected]. (518) 446-1118 Ext.
U.S. Small Business Administration Erica Choi Senior Area Manager Albany [email protected] (518) 446-1118 Ext. 231 www.sba.gov/ny/syracuse SBA Mission Help Small Business Owners Start Grow Succeed SBA
How To Get A Loan From The Small Business Administration
U.S. Small Business Administration Programs & Services Frank Alvarado, Sr. Area Manager Tanisha Velasquez, LRS/AO SBA Connecticut District Office The SBA Mission Economic Development Maintenance of a Strong
Character Credit Capacity/ Cash Flow Capitalization Collateral Conditions
Financing Options for Your Small Business DuPage County Minority Entrepreneur Conference Priscilla Cordero ACCION Chicago March 19, 2009 What Do Lenders Look For? Six Cs of Credit Character Credit Capacity/
Located downtown at 1250 6 th Avenue, ACCION San Diego is an independent, 501 (c) (3) non-profit organization that provides economic opportunity to
Located downtown at 1250 6 th Avenue, ACCION San Diego is an independent, 501 (c) (3) non-profit organization that provides economic opportunity to micro-entrepreneurs who lack access to traditional forms
SBA MICROLOAN PROGRAM. Session: Loan Side Basics
SBA MICROLOAN PROGRAM Session: Loan Side Basics Microloan Program Purpose The Microloan Program assists women, low income, veteran, and minority entrepreneurs, and other small businesses in need of financing
SBA 504 Expanded Refinancing Eligibility
SBA 504 Expanded Refinancing Eligibility When is a commercial mortgage considered eligible for refinancing under the new rules? 1. The loan must have funded at least 2 years ago 2. 85% of the loan proceeds
Small Business Lending in Southern Dallas
Small Business Lending in Southern Dallas February 16, 2010 WWW.DALLAS-EDD.ORG 1 PURPOSE Describe Mayor s Southern Dallas Task Force Small Business Team Recommendation Explain why small business is important
www.houstontx.gov/obo www.houstontx.gov/hbsc 832-393-0954
HOUSTON BUSINESS SOLUTIONS CENTER 611 Walker St., Lobby Level Houston, Texas 77002 www.houstontx.gov/obo www.houstontx.gov/hbsc 832-393-0954 TABLE OF CONTENTS TABLE OF CONTENTS WHAT IS AN ALTERNATIVE LENDER
A One Stop Shop for Small and Micro Business. Roberto E. Barragan President, VEDC, Inc. Presentation to the Federal Reserve www.vedc.
A One Stop Shop for Small and Micro Business Roberto E. Barragan President, VEDC, Inc. Presentation to the Federal Reserve www.vedc.org 1 Valley Economic Development Center Multi-ethnic CDC serving LA,
Southern Dallas Small Business Lending Program
Southern Dallas Small Business Lending Program Economic Development Committee April 19, 2010 WWW.DALLAS-EDD.ORG 1 PURPOSE Highlight small business capital access challenges and address ECO Committee concerns
Making QLICIs under $5 Million work LISC small business loan fund. January 2012
Making QLICIs under $5 Million work LISC small business loan fund January 2012 LISC/Morgan Stanley Small Business Loan Fund The goal of the fund is to provide low-cost, long-term financing to small businesses
ACCESS TO CAPITAL FOR SMALL BUSINESSES
ACCESS TO CAPITAL FOR SMALL BUSINESSES Annie Hudspeth [email protected] 210.403.5918 Lionel Davila [email protected] 210.403.5917 Lender Relations Specialists Mission Established on July 30, 1953
Finance Primer: A Guide to SBA s Loan Guaranty Programs. Text File
Finance Primer: A Guide to SBA s Loan Guaranty Programs Text File Slide 1 Finance Primer: A Guide to SBA s Loan Guaranty Programs Welcome to SBA s online training program, the Finance Primer: A Guide to
BUSINESS LOAN APPLICATION
BUSINESS LOAN APPLICATION Thank you for your decision in obtaining a commercial loan from our business service division. Please complete the following information as accurately as possible so we may better
SBA 7(a) Government. Guaranteed Loan Program
SBA 7(a) Government Guaranteed Loan Program SBA Overview The U.S. Small Business Administration (SBA) Was Created By Congress In 1953 To Assist And Counsel Small Business Growth And Prosperity, Thereby
SBA Guaranty Loan Options for Small Businesses
SBA Guaranty Loan Options for Small Businesses W. Lewis Burger Lender Relations Specialist Georgia District Office Atlanta, GA (404) 331-0100 Ext 304 [email protected] SBA Loan Guaranties- Understanding
USDA IRP LOAN FUND PROSPERA BUSINESS NETWORK 2015 CHARLOTTE STREET, SUITE 1 BOZEMAN, MT 59718 406.587.3113
USDA IRP LOAN FUND Prospera s Intermediary Relending Program Revolving Loan Fund ( IRP Loan Fund ) provides financing to businesses located in Gallatin County and Park County. Prospera s IRP Loan Fund
MICRO LOAN PROGRAM LOCAL COMMITTEE MANUAL APRIL, 2014
MICRO LOAN PROGRAM LOCAL COMMITTEE MANUAL APRIL, 2014 Regional business fund, inc. FOR MORE INFORMATION CONTACT: REGIONAL BUSINESS FUND, INC. 800 WISCONSIN STREET, MAIL BOX 9 EAU CLAIRE, WI 54703 Phone:
SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION
SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION Fay-Penn Economic Development Council has established a Small Business Loan Fund. The Small Business Loan Fund Program is designed to stimulate
WWBIC FACT SHEET. For More Information: Wisconsin Women's Business Initiative Corporation Email: [email protected] www.wwbic.com www.onlinewbc.
WWBIC FACT SHEET Mission: The Wisconsin Women's Business Initiative Corporation (WWBIC) is a statewide economic development corporation providing quality business education, financial awareness programs,
SMALL BUSINESS LOAN FUND GUIDELINES. Funded By: Fay-Penn Economic Development Council
SMALL BUSINESS LOAN FUND GUIDELINES Funded By: Fay-Penn Economic Development Council SMALL BUSINESS LOAN FUND 1.0 INTRODUCTION Fay-Penn Economic Development Council has established a Small Business Loan
ALTERNATIVE FINANCING SOURCES FOR YOUR SMALL BUSINESS
7605B/7601 ALTERNATIVE FINANCING SOURCES FOR YOUR SMALL BUSINESS Revised October 1999 University of Wisconsin System This publication has been developed by the Wisconsin SBDC in partnership with the U.
Business Loan Application Package
Business Loan Application Package Thank you for your interest in applying for a business loan from the New Mexico Community Development Loan Fund (The Loan Fund), an Equal Opportunity Lender. For us to
LOAN APPLICATION. Mission. Program Information: Do you qualify?
LOAN APPLICATION Mission The mission of Economic Development and Financing Corporation (EDFC) is Connecting money and ideas with entrepreneurs to create sustainable prosperity in Lake and Mendocino Counties.
HOW TO LAND AN SBA Loan
HOW TO LAND AN SBA Loan by Ron Box, CPA/CITP/CFF With all of the uncertainty around maintaining a predictable flow of capital to businesses, a commercial loan provided by a bank but guaranteed by the federal
Business Loan Application
Business Loan Application For LDC Staff Use Application received on: by Loan Program (s): 7/2015 BUSINESS INFORMATION Business Name: (Proposed or Existing) Loan Amount: $ Business Address: City County
Welcome To. America s Small Business Resource
Welcome To America s Small Business Resource Small Business in Colorado Small business plays a vital role in Colorado s economy There are more than 549,000 small businesses in Colorado and they represent
Impact Measurement for CDFI Small Business Lenders
Impact Measurement for CDFI Small Business Lenders Donna Fabiani June 11, 2013 Survey of CDFI Small Business Lenders Electronic survey: 18 of 21 partners in the Goldman Sachs 10,000 Small Business CDFI
The FFCFC 504 Loan Program: A Unique Alternative for Small Business Fixed Asset Financing
Commercial Lenders The FFCFC 504 Loan Program: A Unique Alternative for Small Business Fixed Asset Financing The FFCFC 504 Loan Program is designed to help small business owners expand through the purchase
Small Business Administration Loan Application
BUSINESS INFORMATION Small Business Administration Loan Application Business Name Structure (Corporation, Partnership, Sole P., LLC) Address Type of Business City, State, Zip No. of Employees: Before After
SBA 504 Loan Program FACT SHEET
SBA 504 Loan Program FACT SHEET The Oakland County Business Finance Corporation (OCBFC) was certified under the Small Business Administration's (SBA) Certified Development Company program in September
The Road to Success: How Traditional and Non-Traditional Small Business Lenders can Travel it Together
The Road to Success: How Traditional and Non-Traditional Small Business Lenders can Travel it Together Federal Reserve Bank of Boston November 13, 2014 MCBC Meeting Eastern Bank Accion A Case Study November
LISC Small Business Loan Fund
LISC Small Business Loan Fund P R E S E N T E D BY: K EN ROSENTHAL CDC S M A L L B U S I N E S S F I NA N C E Kevin Boes LISC N e w M a r ke t s S u p p o r t C o m p a ny LISC Small Business Loan Fund
Community Affairs OnLine News Articles. Growing Opportunities in Bank/CDFI Partnerships
Community Comptroller of the Currency Administrator of National Banks Developments Summer 2002 Community Affairs OnLine News Articles Growing Opportunities in Bank/CDFI Partnerships By Mark Pinsky, President,
LISC SMALL BUSINESS PRE-SCREEN FORM
LISC SMALL BUSINESS PRE-SCREEN FORM Thank you for your interest in applying for a small business loan through the Local Initiatives Support Corporation (LISC). This intake form allows us to prescreen your
SBA Business Loan Programs
SBA Business Loan Programs Horizon Certified Development Company Horizon Certified Development Company Incorporated in 1982 as Hamilton County Development Co., Inc. (HCDC) HCDC is a Certified Development
Incentive Financing Summary Heffner and Associates, Ltd.
Basic 7(a) Loan Guaranty Start up and existing small To help qualified small Loan maturity is up to 10 Through commercial (SBA) businesses businesses obtain financing years for working capital and lending
Cooperative Housing/ Share Loan Financing. Larry Mathe Chris Goettke National Cooperative Bank
Cooperative Housing/ Share Loan Financing Larry Mathe Chris Goettke National Cooperative Bank The NCB Story NCB delivers banking and financial services to cooperative organizations complemented by a special
Small Business Resources
Small Business Resources ACCION New Mexico An international micro- finance nonprofit, ACCION helps create economic opportunity by connecting entrepreneurs to the financial tools they need to improve their
Financing Options for Your Small Business. Show me the money!
Financing Options for Your Small Business Show me the money! Purpose: Commercial Financing Basics Potential Methods of Commercial Finance Overview of U.S. Small Business Administration Key Lending Programs
MICROLOAN APPLICATION CHECKLIST (Loans $50,000)
checklist. INSTRUCTIONS Please complete this application and provide the information requested on the application checklist. Confirmation of receipt of a request will be made within approximately 5 business
CHEROKEE COUNTY. Entrepreneurship (E-) Community Loan Application
CHEROKEE COUNTY Entrepreneurship (E-) Community Loan Application January 2015 Cherokee County E-Community Program A partnership project of Cherokee County Economic Development Corporation 104 S. Kansas
Overview of SBA Economic Development Programs and the Impact of the Recovery Act. April 21, 2010
Overview of SBA Economic Development Programs and the Impact of the Recovery Act April 21, 2010 1 Overview of Recovery Act: Goals 1. Restore Access to Capital for Small Businesses: Increase Lending across
Opportunity Finance Network. Presentation to Minority Business Development Agency: 3/4/15
Opportunity Finance Network Presentation to Minority Business Development Agency: 3/4/15 Opportunity Finance Network (OFN) Leading national network of community development financial institutions (CDFIs)