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

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

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

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

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

HEALTHY FOOD FINANCING IN SC Hub City Farmers Market, Spartanburg

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

HEALTHY FOOD FINANCING IN SC Fresh Future Farm, North Charleston

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

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.

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

SCCLF LOAN TERMS Loan amounts: $10,000 to $1,000,000 (may be higher with participation loan) Interest rates: 3.50% to 7.50% Max term: 5-1o 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

Interested in receiving news + updates from SC Community Loan Fund? CONTACT Questions? Please contact COASTAL AREA: PATRICK KING, CHIEF LENDING OFFICER 843.973.7285 Patrick@sccommunityloanfund.org MIDLANDS AREA: JAMES CHATFIELD 803-403-5524 james@sccommunityloanfund.org UPSTATE AREA: BRENDAN BUTTIMER 864-208-7864 brendan@sccommunityloanfund.org Interested in receiving news + updates from SC Community Loan Fund? TEXT SCCLF to 22828 to join our email list. SCCLF SCCommunityLoanFund