1. Food Access Summit Presentation: Innovative Sources of Capital for Healthy Food Projects
August 23, 2016

2. INVESTING IN COMMUNITY
We advance equitable access to capital by providing loans, technical assistance, and advocacy for:
Affordable Housing
Healthy Food Access
Community Businesses
Community Facilities

3. Million in Development
LENDING IMPACT
309
Loans
$37.6
Million in Financing
$235.7
Million in Development
2,228
Families Served
1,348
Housing Units 9
Healthy Food
Retail Outlets 14
Community Businesses 10
Community Facilities

4. HEALTHY FOOD FINANCING PARTNERS
Kresge Foundation
BlueCross BlueShield
Foundation of South Carolina
South State Bank
U.S. Treasury CDFI Fund
State of
South Carolina
Jessie Smith
Noyes Foundation
Mary Reynolds
Babcock Foundation
Tidelands Bank
PNC Bank
Robert Johnston

5. HEALTHY FOOD PROGRAM Lending Technical Assistance
Nine loans totaling more than $8M
Lending
Feeding Innovation, 5 winners, taking applications for Florence due August 26
One on One with Borrowers
Technical Assistance
SC Food Access Task Force
Healthy Food Financing Initiative State funded Healthy Food Financing Initiative - $250k
Advocacy and Policy Change .
Assessment and Knowledge Sharing
Food Access Summit

6. HEALTHY FOOD FINANCING IN SC
Hub City Farmers Market, Spartanburg

7. HEALTHY FOOD FINANCING IN SC
Honor Capital, Save A Lot, Columbia

8. HEALTHY FOOD FINANCING IN SC
Fresh Future Farm, North Charleston

9. HEALTHY FOOD FINANCING IN SC
Good to Go Mobile Market, Greenville

10. HEALTHY FOOD LOANS
● Construction or renovation of retail or wholesale outlets selling healthy food in underserved communities
● Grocery stores, Corner Stores, Farmers Markets, Food Hubs, and mobile markets are examples
● Acquisition, predevelopment, infrastructure, construction, renovation, leasehold improvements, machinery and equipment, working capital, and permanent financing.

11. HOW THE SCCLF LOAN PROGRAM WORKS
Loan Application Process
Loan Application
Business plan
Financials
Management Team / Expertise
Technical Assistance (if necessary)
Loan Application Fee and Loan Committee Meeting
Board Approval

12. SCCLF LOAN TERMS
Loan amounts: $10,000 to $1,000,000 (may be higher with participation loan)
Interest rates: % to 7.50%
Max term: o years (MAY BE AMORTIZED UP TO 15 YEARS)
Collateral: real estate is preferred (no inventory or accounts rec.)
Owner equity business: 20%
Payments FLEXIBLE
FEES $500 APPLICATION FEE; 1.5 to 2.5 % LOAN ORIGINATION FEE; $100 x LOAN TERM FOR LOAN SERVICING FEE ON COMMERCIAL LOANS
CLOSING BORROWER PAYS ALL CLOSING COSTS

13. Interested in receiving news + updates from SC Community Loan Fund?
CONTACT
Questions? Please contact
COASTAL AREA:
PATRICK KING, CHIEF LENDING OFFICER
MIDLANDS AREA:
JAMES CHATFIELD
UPSTATE AREA:
BRENDAN BUTTIMER
Interested in receiving news + updates from SC Community Loan Fund?
TEXT
SCCLF to 22828
to join our list.
SCCLF
SCCommunityLoanFund