2200 South Highland Drive, Salt Lake City, Utah 84106 Phone: 801.464.2292 © 2013 Utah Center for...

2200 South Highland Drive, Salt Lake City, Utah 84106 Phone: 801.464.2292 www.utsbgi.com

© 2013 Utah Center for Neighborhood Stabilization LLC. All Rights Reserved. UCNS Confidential.

UTAH CENTER FOR NEIGHBORHOOD STABILIZATION


UCAH Impact To-Date (As of April 30, 2013)

Summary75Property SFR Land Lots

Single Family Homes 92 Apartment Units

60

Multi – family Units 180

Lots 74

Condos 49 120 Totals 201 300 74

Total Affordable Housing Units 575


Housing Plus


Utah Small Business Growth Initiative (USBGI)

Small Business Jobs Act of 2010

State Small Business Credit Initiative

State Received $13.1 million

Loan Guarantee $7.5 million

Loan Participation $1.3 million

Venture Capital $4.0 million


Objectives

Create Jobs

Leverage funds 10:1

Make Small Business Loans

Minority and Women Owned Businesses

Located in Low-to-Moderate Income

Neighborhoods

Underserved Small Businesses


Loan Guarantee Program

Up to 80% Guarantee of Loan Amount

3 Year Average Target Term

4% Guarantee Fee


Loan Participation Program

Up to 50% Purchase or Subordinate Participation

Flexible Terms and Rates

Origination Fee Apply


Key Credit & Loan Characteristics

What types of borrowers are eligible?

What sizes of loans are eligible?

What types of loans are eligible?

How can loan proceeds be used?

Who negotiates the terms of the loan?


Operating Mechanics

What kinds of lenders are eligible to participate?

Who originates loans in this program?

Who has underwriting responsibility?

How are these loans monitored?

What kinds of fees may be charged?

What is the loan term? What percentage of the loan can USBGI participate/guarantee?


Examples of Loans Funded by USBGI

$332,000 construction loan participation with a 4th lien position and 97% LTV $100,000 80% loan guarantee on working capital LOC to expand an existing business $525,000 80% loan guarantee for equipment and working capital LOC to an existing business $20,000 80% loan guarantee for a woman owned start-up business in Moab, UT

$250,000 loan participation to purchase inventory


How can you participate?

Send us a list of your foreclosed properties

Invest in our venture capital fund

Use our loan products to strengthen your loans

Loan money to our CDFI


Utah Sm

all Business Grow

th Initiative

2200 South Highland Drive, Salt Lake City, Utah 84106 Phone: 801.464.2292 © 2013 Utah Center for...

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