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

1. Stable Housing. Thriving Businesses. Strong Communities.
Accessing Small Business Loans
to Start or Grow Your Business
The Latino Economic Development Center (LEDC)
Panel about alternative source of funding
September 26, 2013O

2. Stable Housing. Thriving Businesses. Strong Communities.
LENDING PROGRAM
Certified Community Development Financial Institution
(CDFI) and SBA small business lender
Program established in 1997
Provide technical assistance and small business loans
between $5,000 - $50,000
One loan product: fixed, fully-amortizing term loans
Work with both start-up and existing small business owners
who are underserved by mainstream financial institutions
Serve the entire Washington Metro area (DC, VA, MD) plus
Baltimore
Interest rates: 9-14 percent
Term: 6 months to 5 years
Processing time: 2-4 weeks
No pre-payment penalty

3. Stable Housing. Thriving Businesses. Strong Communities.
OUR PORTFOLIO
Portfolio at Risk is less than 3 percent
200 active clients
Average loan size of $12,000
FY13: Disbursed 120 small business loans
Disbursed $1.9 million in funding
200+ jobs created or maintained
30 new businesses created
95 percent low to moderate income (LMI)

4. Stable Housing. Thriving Businesses. Strong Communities.
FUNDING
SOURCES
SBA
CDFI
Banks
Foundations
County
State
Federal

5. Stable Housing. Thriving Businesses. Strong Communities.
OUR PROCESS
$50 application fee
Pull Credit report
Gather documents
Prepare credit
memo
Present credit memo
Close Loan

6. Stable Housing. Thriving Businesses. Strong Communities.
SWEET & NATURAL BAKERY

7. Stable Housing. Thriving Businesses. Strong Communities.
LALOS MARKET

8. Stable Housing. Thriving Businesses. Strong Communities.
COLUMBIA HAIR SALON

9. Stable Housing. Thriving Businesses. Strong Communities.
MANDU

10. Stable Housing. Thriving Businesses. Strong Communities.
Lending Clients per Income
Q3-FY12
Low Income 73.7%
Moderate Income 21.1%
Others 5.3%
TOTAL 100.0%
LMI 94.7%

11. Portfolio at Risk
Q1FY12 Q2FY12 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13
PAR>30days 11.8% 5.9% 5.8% 5.1% 3.5% 3.1% 1.7%

12. Contact Information
Cesar Lopez, Director of Lending
clopez@ledcmetro.org
Carlos Arango
Small Business Lending Officer, Maryland
carango@ledcmetro.org
Christina Stockamore
Small Business Lending Officer, Washington D.C.
cstockamore@ledcmetro.org
Pamela Canas
Small Business Lending Officer, Virginia.
pcanas@ledcmetro.org