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<br />Introduction <br />Consider Membership in the <br />Twin Cities Community <br />Capital Fund <br />June 16, 2008 <br />^ Past Business Programs <br />^ Overview of the Twin Cities Community <br />Capital Fund <br />^ Benefits of Membership <br />^ Potential Funding Sources <br />Past Business Programs <br />^ Small Business Revolving Loan Program, <br />1999 - 2005 <br />r Maximum Loan: $25,000 <br />^ Use: Physical improvements to property <br />^ Funding Source: Pooled TIF funds <br />^ Issued 8 loans, total value of approximately <br />$175,000 <br />^ 2 remaining loans, final loan repayment <br />anticipated in April 2012 <br />How TCCCF Works <br />^ Members place capital in fund pool <br />^ Businesses within the geography or service area of a <br />member may access funding up to 10 times of that <br />placed in the fund by the member <br />^ Example: $50,000 place in the fund leverages up to <br />$500,000 in financing for a business <br />^ Upon loan closing, TCCCF sells the loan to the <br />Community Reinvestment Fund-packaged for <br />resale on the secondary market <br />^ Sale proceeds returned to the fund for use by another <br />project <br />Twin Cities Community Capital Fund <br />^ Established in 2005 with a purpose to help fill <br />financial gaps left by traditional bank lending <br />TCCCF Membership <br />^ Three levels of membership-capital <br />investment <br />^ Class C-$50,000 <br />^ Class B-$100,000 <br />^ Class A--$200,000 <br />^ Enrollment cost: $5,000 <br />^ Capital investment is reimbursable after 3 <br />years <br />^ Enrollment cost and interest remains with <br />TCCCF <br />