Trustee: Second Look Capital, Inc.

Richmond, VA

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Why are you interested in becoming a Trustee?
We have several borrowers that need capital. In 2009 we made a decision to stop lending and repay our investors. We still manage an active portfolio on a monthly basis. Several clients call with no source of capital.
What is the mission of your organization?
The mission of CSI is to assist in the development of alternative funding models that facilitate business development and subsequent economic development opportunities. This mission is accomplished by providing access to entrepreneurial training, technical assistance and loan capital to those entrepreneurs that lack access to traditional resources.
In the past, how effective have you been in achieving this mission?
We have had Micro loan losses less than 3%. We have been recognized locally and nationally for our efforts.
Do you belong to any organizational networks -- nationally, regionally, or locally? If yes, please list.
none
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Our primary referral will be of clients that have successfully borrowed from our fund and repaid the loan. Occasionally we receive calls from lenders that need an alternative source for capital. In those instances we will obtain any underwriting obtained by the bank or 3rd party service providers.
How do you plan to support the borrower, both before and after the loan is disbursed?
Throughout the lending process, CSI can provide guidance to business owners on financial planning and management, price and cost analysis, and marketing and outreach strategies. We have a statewide network of strategic business partners that have all types of entrepreneurial expertise. With them, we can personalize a technical assistance plan that best fits Technical Assistance CSI provides guidance to entrepreneurs in developing strategic and contingency plans, cash flow management, price and cost analysis, accounting systems, management coaching, and certain contractual issues. As needed, CSI draws on strategic partners with expertise in specialized areas to complement our technical assistance. your business and its current management or operational needs.
How will you help us ensure that the loans you endorse have a significant and positive social impact?
Historically we have only worked with borrowers that either were either unrepresented populations or they employed individuals that are faced with higher unemployment statistics.

About Second Look Capital, Inc.

Trustee Type:
501 C3
Tier:
First Tier trustee
On Zip Since:
Mar 18, 2014
(16 months)
Loans Endorsed:
1
Total Value:
$5,000
Fundraising/Raised:
0
Paying on Time:
Not enough data
Paying Back Late:
Not enough data
Repaid in Full:
0
Defaulted:
0
Repayment Rate:
Not enough data

Most Recent Endorsements

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Mary
Richmond, VA
Disbursed Mar 28, 2014
Search Loans (1 loan total)