Overview

Why are you interested in becoming a Trustee?

As an attorney who works with startups I know that sufficient funding is core to the successful enterprise -- underfunding causes problems both legal and operational. It's time to rethink how community can interact with business to better assist today's forward-looking entrepreneurs operate in a community-based environment.

What is the mission of your organization?

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?

Borrowers are expected to be involved in a pro-community business -- a business that cares about its neighbors and community. Borrowers are selected against several metrics. These metrics necessarily include financials. Preference is given to models with proven revenue streams -- with a lean launch methodology, you can prove your model while bootstrapping! A borrower is required to disclose all financials, including accounting books. If in the concept stage, business plan projections must be realistic. Borrowers should demonstrate what they intend to do with funds, if received, and lay out a full plan for repayment, including a monthly repayment schedule.