alternative sources of funding | wacif

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 in the by providing access to capital and technical assistance to…

WACIF’s Mission

- Smith and Sons, LLC

Small BusinessesAffordable Housing DevelopersChildcare CentersCommunity OrganizationsNon-profits

WACIF’s Clients and Services

Access to Capital Technical Assistance Free Seminar Series (legal, marketing, financing,

taxes etc…) Mentors

How does WACIF help?

WACIF’s Programs

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

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

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

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

Washington Area Community Investment Fund

Celebrating 26 Years

2012 Rhode Island Ave NE(202) 529 – 5505 - www.wacif.org