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Partners for Self-Employment, Inc. Founded 1993 Partners for Self-Employment, Inc. Toll Free: 1-877-722-4505 305.438.1407 The missing piece of the Puzzle.

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Presentation on theme: "Partners for Self-Employment, Inc. Founded 1993 Partners for Self-Employment, Inc. Toll Free: 1-877-722-4505 305.438.1407 The missing piece of the Puzzle."— Presentation transcript:

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2 Partners for Self-Employment, Inc. Founded 1993

3 Partners for Self-Employment, Inc. Toll Free: The missing piece of the Puzzle for small businesses. If you have a skill, talent or experience to start or expand a business…Contact Us!!! Loans Business Skills Training Networking Support

4 Providing Microcredit Business Loans (Level 1) MICRO-BUSINESS USA Business Loans from $500 - $1,500 With business training without credit or collateral Peer Group Model (Level 2) MICRO-BUSINESS USA Business Loans from $2,500 - $5,000 With business training without credit or collateral Peer Group Model (Level 3) PARTNER LOAN PROGRAM Business Loans from $5,000 - $35,000 credit and collateral required Individual Loans

5 Providing the missing piece of the puzzle for small businesses PARTNERS FOR SELF-EMPLOYMENT, Inc. d.b.a. MICRO-BUSINESS, USA is a non-profit community development financial institution providing microenterprise loans, training, technical assistance and on-going support to low and moderate income individuals to start or expand a business. Mission Statement

6 Providing the missing piece of the puzzle for small businesses To provide business skills training and loans to low-moderate income persons who desire to become self-employed, and to provide levels of advanced business training and loan s for those clients who want to increase their capacity to operate successful businesses. Beginning 2003, Micro-Business, USA borrowers will have the opportunity to participate in our Matched Savings Fund (MSF). The MSF will provide a 2:1 match for each dollar saved by participants for the duration of two years. The money they accumulate can be used for home ownership or business investment. Purpose

7 Key Players Loan Pool Banks - Federal and Local Government Agencies - Private Investors BankUnitedFirst National Bank of South Miami Chase Manhattan BankFirst National Bank of Homestead Citibank Bank United City National Bank of FloridaCommercebank Mellon United Nation BankCitigroup Foundation SunTrust BankAmerican Express Foundation Operational Support Foundations - Federal and Local Government Agencies - Private Contributions Charles Stewart Mott FoundationSBA U.S. Small Business Administration John S. & James L. Knight FoundationUS Treasury Department-CDFI John D. & Catherine T. MacArthur Found.Alex & Agnes O. McIntosh Foundation Norman Shulevitz FoundationMiami-Dade Office of Community & Roblee FoundationEconomic Development Wallack Family FoundationBank Atlantic Foundation City of Miami Economic DevelopmentCity of St. Petersburg Economic Development

8 Demographics BackgroundPercent Caucasian25% Black50% Hispanic23% Other2% GenderPercent Male44% Female56% EducationPercent Less Than High School 8% High School18% Some College47% College27%

9 Miami-Dade/Broward/Palm Beach/Pinellas Counties LOANS to Jump Start Your Business Without Credit or Collateral $500 - $1,500 Benefits of MB-USA Business Training Networking Build Credit History Business Card Exchange Level 1 Leadership Development Peer Group Support Trade Shows Seminars 12% Simple Interest on Declining Balance

10 6-12 Participants in peer group 2 hour initial orientation Peer group meets 2 hrs/week – 6 weeks Peer group is loan committee (makes all loan decision for members) First loan $500 then $1,500 No larger loans unless each member current in monthly payments Loan terms 4-12 months 10 % buffer for each loan Attend bi-monthly business enrichment sessions with loan repayment meetings MB-USA Peer Group Level - I

11 Performance Statistics Peer Lending (Level I) – December , ,005 $43,000$296,000$1,302,100 $80012%6 months 93%94% Indicators # Members Trained MonthYTDCumulative # of Chartered BLG’s (business loan groups) # of Loans Dispersed Value of Loans Dispersed Average Loan Size Current Repayment Rate

12 Examples of Loan Use What Can You Do with a $500 Loan? Buy a fax machine/answering machine Business cards and stationary License Advertise Add phone lines Create a website Purchase materials and supplies Brochures, flyers and handouts

13 Business Start-Ups Beauty and Hair Care Auto Repairs Car Detailing Secretarial Services Accounting and Taxes Auditing Travel Agency Janitorial and Maid Services Fashion Design Gift Baskets Lawn Service Photography Child Care Internet Marketing Graphic Design Skin Care Products Used Bookstore Video Productions Escort and Dating Services Event Planning and Production Take-out and Catering Telecommunications Service Home and Property Inspection Click for complete listing of businesses

14 Miami-Dade/Broward/Palm Beach/Pinellas Counties LOANS to Jump Start Your Business Without Credit or Collateral $2,000 - $5,000 Benefits of MB-USA Business Training to Build your business Build Credit History Business Card Exchange Level 2 Leadership Development Peer Group Support Trade Shows Seminars 12% Simple Interest on Declining Balance

15 6-12 Participants in peer group Advanced Business Skills Training Established business make marketing & business plans based on profitability analysis Peer group meets 2 hrs/week – 8 weeks Peer group is loan committee (makes all loan decisions for members) Loans are $2,000 up to $5,000 Loan terms 4-24 months 10 % buffer for each loan MUST attend bi-monthly business enrichment sessions with loan repayment meetings MB-USA Peer Group Level Two

16 Performance Statistics Peer Lending (Level II) – December $19,500$40,000$62,500 $200012%12 months 96% Indicators # Members Trained MonthYTDCumulative # of Chartered BLG’s (business loan groups) # of Loans Dispersed Value of Loans Dispersed Average Loan Size Current Repayment Rate

17 Miami-Dade/Broward/Palm Beach/Pinellas Counties Take the Puzzle out of Starting or Expanding a Small Business Direct Individual LOANS (Level III) requires credit and collateral $5,000 - $35,000 Visit Call Toll Free: Phone: PARTNER LOAN PROGRAM

18 PARTNER LOAN PROGRAM - III You will need: Business must be at least 2 year old Personal Financial Statement Business Financial Statement Current Bank Statement Occupational License Credit Report (obtained by Partners) Tax Return (one year) Business Profile (Partners form) Cash Flow Statement (Partners form) Projected Income and Expense Statement (Partners form) Collateral in the form of accounts receivable, business assets, real estate or vehicle with no liens. $100 loan administration fee 12% interest – Loan terms 12 – 36 months Direct Individual loans from $5,000 - $35,000

19 Performance Statistics PARTNER LOAN PROGRAM Direct Individual Loans – December $22,000$24,0001,022,000 $22,00012,000$12, months 12% 85% 84% Indicators # of Loans Dispersed MonthYTDCumulative Value of Loans Dispersed Average Loan Size Loan Term Interest Rate Current Repayment Rate

20 Partners for Self-Employment, Inc. Corporate Offices: 3000 Biscayne Boulevard Suite 102 Miami, Florida Tel: (305) Fax: (305) Toll Free:

21 Miami/Dade Miami 3000 Biscayne Blvd., Ste. 102A North Miami 163 Street Shopping Center Second Floor 1421 NE 163 Street Cutler Ridge Cutler Ridge Mall First Floor South Dixie Hwy Broward North Broward 5460 N. State Road 7 Ste Ft. Lauderdale Ft. Lauderdale Broward Main Library Fifth Floor 100 S. Andrews Pinellas St. Petersburg SBDC th Street South Free Information Meetings Monday, Tuesday or Wednesday 6:30 P.M.

22 Contact Us!!! Phone: Toll Free: Partners for Self-Employment, Inc.


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