Attached to this chart is really a two-page description in the methodology behind this quantitative analysis.
This analysis estimates a capital shortage of about $300 million from the targeted census districts. This estimate was generated by analyzing total firm revenues within the targeted census districts and then calculating an expected total debt load based on the national ratio of debt to business revenues. This expected total debt load was then compared to an estimate of real debt load. The difference was $300 million. The estimated actual debt load was 32 percent from the expected debt load.
TYPES OF ENTERPRISES THAT WOULD BE FINANCED WITH CDFI FUNDS
Alaska Growth Capital opened its doors for full operations on July 14. During the very first eight weeks of operations, the business has received 53 financing requests totaling $25 million. Of these requests, 26 have arrive inside the targeted areas. A summary of applicants is attached.
These funding requests have occur in without having any promotion activities except for an first press conference. As soon as the advertising and marketing method is implemented, a dramatic increase in applicants can be expected, in particular within the targeted remote rural areas.
The accomplishment of Alaska Growth Capital as an engine for economic and community development rests on solid credit rating analysis and underwriting. It's n the Dunn and Bradstreet facts base was searched by zip code to produce aggregate company sales numbers for every targeted census district. A single adjustment to the raw info was made for ones North Slope census district. Three hundred million in sales had been deleted to alter for revenues from two big Barrow-based firms which have significant organization operations outside in the census district.
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