Funding
Needed
0
k
$200K will be used for operations and administration. $300K will be used for venture capital (equity investments) into client businesses.
About Us
Mission Statement
To provide access to capital to low to moderate income and underserved businesses and community projects with emphasis towards innovative technology and science-based enterprises.
Vision Statement
We envision an entrepreneurial environment where low to moderate income businesses and community projects – in particular those owned/operated by minorities – will have equal access to capital funding and other resources.
3C Capital Fund Inc. provides alternative access to capital for low to moderate income communities with emphasis on populations of color.
OUR
Goals
1. To remove barriers that prevent low income and minority entrepreneurs from acquiring the capital needed for starting projects and businesses.
2. To help provide the Technical Assistance needed to successfully start and sustain business and project operations.
3. To establish industry relationships to aid clients in accessing available programs and resources.
4. Increase the percentage of successful minority owned and operated businesses and community projects, with special attention to African American owned enterprises.
OUR
Opportunity
Problem worth solving
Access to capital for 3CCF’s targeted population has been a major challenge for many years. Barriers around lending institutes, proper preparedness, understanding and navigating the system itself all play a part in the inequities within the industry.
Target market
- African American owned businesses
- Veteran owned business
- Formerly incarcerated entrepreneurs
- Businesses turned down by other lenders
OUR
Solution
3CCF is implementing a program to provide access to capital through a Venture Capital fund targeted at providing seed funding to start up ventures. This funding is combined with mandatory enrollment in a comprehensive technical assistance program.
Competitors
Crowd Funding
Alternative Lenders
Private Investors
How our solution is better
Provides one-on-one Technical Assistance
Does not require immediate repayment
Low equity required
The
Forecast
Revenue streams
- CDFI Fund
- Program Income
- Opportunity Zone Funds
- New Market Tax Credit Allocations
Major costs
- Personnel (Payroll)
- Leasing (office rent)
- Utilities and Upkeep
- Program Administration Cost
- Travel / Meetings
Team
and Key Roles
Ali Morris
Board Chair/ CEO
Victoria Johnson
Chief Financial Officer
Whitney E. Morris
Compliance Consultant
Keith Wolaridge
Process & Procedures
Mona Williams
Accountant
Partners
and Resources
