Opportunity and Hope Putting Dreams to Work Since 1987

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1 Opportunity and Hope Putting Dreams to Work Since 1987

2 Business Impact Nearly 2/3 of all employers in the United States have fewer than 20 people on the payroll

3 WWBIC - Impact - Jobs Microbusinesses comprise 85% of all business in Wisconsin (462,000) and employ large numbers of individuals* If each microbusiness in the United States would simply hire one more individual- we would be at full employment in our nation! *Association for Enterprise Opportunity

4 Median Net Worth (In the United States) For Non-Business Owner For Business Owner ALL $85,000 $211,000 African American $10,000 $77,000 Hispanic/Latino $9,000 $37,000 Women $82,000 $180,000

5 Entrepreneurship as an Employment Option Utilizes existing skills & talents Satisfaction, success and personal ownership in self-employment Patchwork income It s already working!

6 SO Opportunity Small is beautiful Self-employed works Micro and Small businesses strengthen to the local fabric and vitality of our communities Room for growth expansion - diversification

8 Job Creation Higher Credit Scores Increased Assets Improve the economic wellbeing of targeted individuals by building assets and advancing selfsufficiency. Increased Individual Income Businesses Started, Expanded, Strengthened Social Goal and Indicators

9 WWBIC S Primary Services Business and Financial Education Programming Micro and Small Business Loans One-on-One Business Technical Assistance Financial Capability Programs and Individual Development Accounts (IDAs)

10 Access to Capital We focus our assistance on: Business owners that can t borrow from a traditional financial institution Start-up business; growth businesses Gap financing for bankable customers

11 Key Indicators of Success Goals Skills Credit & Personal Finances Business Experience Business Readiness Business Feasibility Drive & Desire Willing to Plan

13 Arts, Entertainment, and Recreation 6% Transportation & Warehousing 6% Manufacturing 17% Health Care Related 11% Construction & Waste Mgmt 7% Food related services 14% Other Services 10% Professional Services 14% Retail & Wholesale Trade 15%

14 Forward Adelante!

15 WWBIC S Creative Financing Solutions Certified CDFI (Community Development Financial Institution) - US Dept. of Treasury and AERIS rated SBA Microlender Direct Lending Program Participation Loans with Banks SBA - Community Advantage WHEDA Partnership

16 WWBIC S Lending $1,000-$100,000 micro and small business loans; up to $200,000 utilizing SBA Community Advantage Guarantee program Follow SBA business eligibility standards (for-profit) Prime + 5% interest rate; lower rates for other loan programs Up to 10 year terms Business owners must be actively involved in the business

17 Micro Loans and Small Business Loans: The Process Online loan application process $75 application fee & completed business plan Preliminary review Experience Credit Viability Complete review Access to technical assistance programs

18 Lending Impact 2014 Loans Approved : 149 / $6,437,013 Loans Closed : 133 / $5,438,515

19 Role of Business Assistance WWBIC Small Business Consultants Focus on Building Business Management Acumen Use of Volunteers and Consultants on behalf of our Loan Clients All WWBIC Loan Clients Receive 1:1 Business Technical Assistance

20 WWBIC S Business Education 350+ Education sessions serving 3,500+ clients annually Classes held state-wide and online Topics include: entrepreneurship, business planning, marketing, financing, bookkeeping, technology, and social media, etc. Experiential, hands-on, with guest expertise Class fees offer a sliding scale You may register online at

Results in a completed written Business Plan Sliding fee

21 Start Smart & Small Biz Start Smart/Small Biz Multi-session series Hands on Professional Speakers Results in a completed written Business Plan Sliding fee scale Business Plan Review One-on-one individual counseling Appointment required

bankers, entrepreneurs, marketing specialists, etc.

22 WWBIC Volunteers 200+ volunteers statewide Experts in the community including: accountants, attorneys, bankers, entrepreneurs, marketing specialists, etc. Facilitate and guest speak at classes Assist clients one-on-one

23 Educational Impact 2014 Job Creation Businesses Started, Expanded, Strengthened 1:1 Counseling Hours 18,909 Jobs Created or 2,456 Retained Total Workshops 531

24 WWBIC s Financial Capability Support Make Your Money Talk o Individual Development Accounts (IDA) Wisconsin PROMISE America Save$, Wisconsin Save$ Money Smart Week Wisconsin FDIC s Alliance for Economic Inclusion (AEI) Wisconsin Money Conferences 24

25 Make Your Money Talk Financial Coaching and Case Management o Provided to participants and their families IDA Match Incentive Accounts o Participants will receive a 1:1 match up to $1,000 25

26 Financial Capability Impact 2014 Increased Assets Increased Individual Income Active IDAs 150 TOTAL Homes 142 TOTAL Education 91 TOTAL Businesses 84

27 You Can Make a Difference Time Talent - Treasure

28 You Can Make A Difference Referrals Volunteer Partnerships Operational Support Invest in WWBIC s Loan Impact Fund

29 2014 WWBIC Team

30 Thank You Please call with any questions. A member of the WWBIC Team will be more than happy to assist you. Greater Milwaukee Phone: South Central Phone: Northeast Phone: Southeast Kenosha Phone: ext. 114 Racine Phone: Southwest Phone:

Wisconsin SCORE: An Overview 2016 LENDERS CONFERENCE ALL THE PLAYERS. Foster vibrant small business communities through mentoring and education.

Wisconsin SCORE: An Overview 2016 LENDERS CONFERENCE ALL THE PLAYERS. Foster vibrant small business communities through mentoring and education. 2016 LENDERS CONFERENCE ALL THE PLAYERS ALL THE PLAYERS Panel Members Dave Maaske, SCORE Luke Kempen, SBDC Wenda Roycraft, Lincoln Opportunity Fund Mike Hetzel, WWBIC Dave Kircher, WI Minority Chambers