November 1-2, 2016 Oneida Wisconsin Tribal Transportation Conference Native Loan Opportunities and Development Services

Transcription

1 November 1-2, 2016 Oneida Wisconsin Tribal Transportation Conference Native Loan Opportunities and Development Services COPYRIGHT 2011

2 The Wisconsin Indian Business Alliance (WIBA) is a coalition of non-profit organizations with a mission to epand Native economic development in Wisconsin by strengthening Native owned businesses and communities. The WIBA s organizational structure is designed to increase cooperation and leverage among Wisconsin s Native community development financial institutions and strategic partner organizations to work towards more effectively and efficiently serving the American Indian business and economic development needs statewide. 2

3 WINLF 1 FACC 5 FNCF 2 WIBA NiiCaP 4 GLITC -SBTAP 3 Strategic Partners WEDC/Fed Reserve Bank Minneapolis 3

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5 First American Capital Corporation (FACC) Founded/HQ: Type of CDFI: 2002 / Milwaukee Loan Fund Target Market: Serves Native American entrepreneurs located both on and off federally recognized reservations statewide Types of Lending: Micro/small business, and tribal enterprise Loan Products: Fast Track Working Capital (<$10,000), micro-business (<$50,000), and small business loans (up to $250,000). Services: Loan Readiness and Post Loan TA Contact: Craig Anderson, Eecutive Director or Gary Mejchar, Project Manager (414) , gary@aiccw.org, craig@aiccw.org For more information: 5

6 First Nations Community Financial (FNCF) - Founded/HQ: Type of CDFI: Target Market: Types of Lending: Loan Products: Services: Contact: For more information: 2011 / Black River Falls, Ho-Chunk Loan Fund Serves the Ho-Chunk Nation with a local presence and Native Americans statewide Consumer, micro, small business Credit repair, consumer, auto, and micro-business loans (<$35,000) Credit Coaching, Spending Plans, Business Plans, Financial Literacy Forrest Funmaker, Eecutive Director (715) , Forrest.funmaker@ho-chunk.com 6

7 NiiJii Capital Partners, Inc. (NiiCaP) Founded/HQ: Type of CDFI: Target Market: Types of Lending: Loan Products: Services: Contact: For more information: 2006 / Keshena, Menominee Reservation Loan Fund Serves the Menominee, Sokaogon, and Lac du Flambeau reservations with a local presence and Native Americans statewide Micro, and small business Micro, small Business, commercial loans Loan Readiness, Post Loan TA Pam Boivin, Eecutive Director (715) pboivin@niicap.org 7

8 Wisconsin Native Loan Fund, Inc. (WINLF) Founded/HQ: Type of CDFI: Target Market: Types of Lending: Loan Products: Services: Contact: For more information: 2007 / Oneida & LDF Reservations Loan Fund Serves the Lac du Flambeau and Oneida areas with a local presence and Native Americans statewide Consumer, real estate, homeowner Credit repair, refinancing, consumer, home loan (micro); home improvement, down payment assistance, and debt consolidation loans Financial Education, Lending, VITA Fern Orie, CEO (715) fern.orie@winlf.org 8

9 Great Lakes Inter-Tribal Council Small Business Technical Assistance Program Founded/HQ: Target Market: Services: Products: Contact: 1996 / Lac du Flambeau Reservation Serves all WI Native American communities; LVD (MI) Education/Training Business Readiness Planning; Financial/Business Management & Operations; Sales & Marketing; Borrower Prep; Business and Entrepreneur Support; Resource and Referral Tools Business Start-up/Growth; Marketing/Sales; Business Management/Operations; Financial/Capital Access Cheryl Cloud, Director (715) ccloud@glitc.org For more information: 9

10 Strategic Partners Federal Reserve Bank of Minneapolis Wisconsin Economic Development Corporation 10

11 Federal Reserve Bank of Minneapolis Community Development work in Indian Country Support Native CDFIs Support District Indian Business Alliances Support tribes in implementing a culturally sensitive commercial code Published articles and reports 11

12 Eamples of Community Development Work in Indian Country Publish articles on Native CDFIs in publication, Community Dividend, e.g. Hunkpati on Crow Creek Produced a report, Growth and Performance of the Native CDFI Loan Fund Sector, Assist Indian Business Alliances with their formation and growth Mobilize partners, including the OCC and FDIC, to work toward increasing access to capital for NCDFIs Provide training in Community Reinvestment Act and conduct Community Development Forums with lenders & other partners Train tribal leaders and tribal judges in adopting and implementing the Model Tribal Secured Transactions Act Builds confidence in lenders that their loans are legally protected 12

13 WEDC MISSION To advance and maimize opportunities in Wisconsin for businesses, communities and people to thrive in a globally competitive economy.

14 CATALYSTS OF ECONOMIC GROWTH Business Development Community and Economic Opportunity Operational and Fiscal Ecellence Strategic Economic Competitiveness Brand Development and Management

15 ealthy Minority usiness Growth Collaborating with Wisconsin s Minority Chambers of Commerce Minority Business Development Program Annual MARKETPLACE Conference Skill Development Networking Procurement

16 The WIBA Organizations work to build funding partners Including corporations, foundations, local/state/tribal/federal Government organizations to provide a continuum of development services and accessible loan products eample funding partners: Bank of America / Town Bank Forest County Potawatomi Foundation Milwaukee County Wisconsin Economic Development Corporation US Small Business Administration USDA Rural Development US Department of the Treasury The Community Development Financial Institution (CDFI) Fund

17 Eample of WIBA s Continuum of Products/Services: 17 WIBA Organizations Financial Literacy TA Consumer Credit TA Home Ownership TA Nascent Entrepreneur & Early Stage Business TA Pre-Loan/Loan Readiness TA Post-Loan TA Classroom Credit Repair Loan Refinancing Consumer Loan Auto Loan Home Loan Microenterprise Loan <$50,000 Small Business Loan Up to $250,000 Larger Business Loan +$250,000 Home Improvement Loan Down payment Assistance Loan Debt Consolidation Loan VITA Volunteer Income Ta Site FACC FNCF GLITC NIICAP micro WINLF

18 Working together as WIBA, the four Native CDFIs and GLITC Small Business TA Program work to coordinate and leverage available resources staff, epertise, financial resources, networks to maimize access to loans, training and counseling to best serve WI Indian Country both on and off federally recognized reservation communities. WIBA organizations collectively work to bring millions of dollars to Wisconsin Indian Country from corporations, foundations, and government programs to deliver our continuum of loan products and capacity building technical assistance services to individuals, families, businesses and communities. WIBA organizations also network to bring the resources of regional/national level development organizations to WI Indian Country e.g. First Nations Oweesta Corp; Opportunity Finance Network; Seven Sisters CD Group 18

19 Eamples of WIBA s average annual impact metrics include: 287 clients received one-to-one loan readiness and post loan capacity building technical assistance an consultation 459 classroom training participants served (ranging from financial literacy, home ownership, personal finance, credit counseling, business accounting, marketing, government contract procurement) $1,776,937 in loan deployment as follows: $1,251,812 in small business loan capital disbursed to 56 small businesses; creating 56 jobs and retaining another 118 jobs, and $ 525,125 in consumer loans disbursed among 155 families to provide affordable financing for homeownership needs to include down-payment assistance, home improvement, and debt consolidation. 19

20 Q&A Please contact a WIBA organization for more information on available loan products and development services in your area Thank you! 20