►
From YouTube: Mountain Community Capital Fund
Description
No description was provided for this meeting.
If this is YOUR meeting, an easy way to fix this is to add a description to your video, wherever mtngs.io found it (probably YouTube).
B
Thank
you
angelica
good
afternoon.
Everybody
thanks
for
joining
us
for
the
july,
not
june
july,
meeting
of
the
mountain
community
capital
fund.
We've
got
a
pretty
packed
agenda
and
a
lot
to
cover
today.
So
we're
going
to
jump
right
in
at
the
end
of
the
meeting.
We
will
have
near
the
end
of
the
middle
of
time
for
public
comment,
informal
discussion.
So,
in
addition
to
pre-recorded
and
or
emailed
comments
who
will
also
be
taking
live
public
comments,
each
speaker
will
have
up
to
three
minutes
for
public
comment.
B
So
hang
on,
if
you're
listening
in
for
a
public
comment,
we'll
get
with
you
at
the
end
of
the
meeting
at
this
time.
I
would
like
to
share
my
screen
with
you
all
to
go
over
the
agenda
and
jump
right
in.
B
Now
you
see
at
the
top
of
our
meeting
our
current
board
members,
if
possible,
I'd
like
to
go
around
the
room
here,
I'll
call
you
all
out
to
say
just
a
very
brief
introduction,
name
and
organization
you
are
with
if
you
are,
and
if
you
are
a
voting
member
so,
for
example,
I'll
say
I'm
jeffrey
kaplan,
I'm
the
chairman
of
the
mountain
community
capital
fund
with
venture
asheville,
and
I
am
one
of
a
voting
member
as
a
buncombe
county
appointee.
B
C
Good
afternoon,
everyone
I
am
mark
royster,
I'm
with
carolina
small
business
development
fund
and
I
work
in
the
credit
area
of
the
organization.
That's
the
chief
credit
officer.
E
B
And
now,
let's
say
if
everyone's
watching
our
non-voting
members
are
generally
our
lenders.
Hence
why
they're
not
voting
members?
Okay,
the
next
one
have
is
an
855
number
angelica.
Is
that
the
youtube
number
should
I
skip
that
one.
F
G
H
Hello,
everyone,
my
name,
is
jocelyn
gonzalez.
I
am
with
mountain
bisworks
and
I
am
a
non-voting
member.
I
B
This
just
here,
don't
minimize
your
your
value
and
what
you
bring
to
the
group,
we're
so
glad
to
have
you
we're
missing
one
more
member,
two
members
of
our
voting
committee:
that's
tim
love,
who's
on
vacation
and
tony
mcdowell,
who's
running
late.
When
tony
joins
us,
we
will
be
at
quorum.
B
We
still
have
two
committee
openings,
one
county
and
one
city
appointee
respectively.
I
understand
the
next
commission
meeting
will
be
voting.
They
will
be
voting
to
appoint
a
committee
member
and
then
we
still
have
an
opening
at
the
city.
So
if
anybody
has
colleagues
or
knows
who
wants
to
be
involved
in
this
space,
please
encourage
them
to
apply
and
before
we
move
forward,
I
should
say
we
have
an
opening
for
secretary.
Who
would
be
a
note
taker
for
minutes.
Do
we?
B
Would
anybody
like
to
volunteer
to
be
our
interim
secretary
member
of
the
committee
for
today's
meeting,
taking
notes
on
votes,
motions
seconds,
that
kind
of
thing.
I
Jeff
I
was
about
to
volunteer
to
take
the
minutes
until
you
use
that
title.
I
don't
want
anything
to
get
stuck.
B
Okay,
thank
you
rachel
much
appreciated.
So
with
that
on
that
topic,
we'll
look
at
our
agenda.
Our
first
item
is
to
approve
the
minutes
from
the
june
4th
meeting,
which
we
have
on
this
link.
I
hope
you'll
had
a
chance
to
review,
so
it
was
sent
out.
I
believe
yesterday
and
I'll
follow
my
sword
for
this
one.
As
as
my
transition
to
chair
this
month.
I
know
I
need
to
get
things
out
sooner
and
angelic,
and
I
worked
on
a
plan
to
get
those
out.
Much
sooner
to
you.
B
That
was
from
nikki
yep,
very
good
rachel.
You
got
d
with
the
motion
nikki
with
the
second
all
right,
those
in
favor,
if
you
would
voting
members
raise
your
hand
in
favor
very
good.
Any
opposed
all
right
looks
like
that
motion.
Pass
is
easy.
Next,
I've
got
the
next
two
agenda.
Items
on
old
business,
follow
up
on
the
dogwood
grant
application.
I
want
to
thank
you
all
for
filling
out
the
surveys.
B
With
the
diversity
information
I
submitted
the
dogwood
grant
application.
I
believe,
right
after
our
last
meeting
and
have
not
heard
back
yet,
and
this
was
again
we
weren't
asked
to
submit
anything.
This
was
their
open
portal,
where
anyone
can
send
an
appeal.
Look
at
that.
We
are
ahead
of
schedule.
Great
next
is
branding
and
well.
Let
me
just
wrap
that
up
with
you
know,
waiting
on
a
reply,
any
questions
on
the
dogwood
application
before
we
move
on
just
a
pretty
quick
update,
very
good,
branding
and
website.
B
It
was
in
here
somewhere
to
show
first
thing
is
branding
is
pretty
easy
to
knock
out.
If
you
haven't
seen
it,
we
have
two
logos
to
choose
from.
B
This
is
not
the
one
currently
in
use.
You
will
find
it
to
use
sans
serif
typeface
with
modern,
colors
and
lots
of
blocking,
and
this
is
the
original
current
logo
with
a
fun
mountain
motif.
B
So
I
guess
the
story
is
this
was
the
logo
that
was
originally
created.
We
looked
at
creating
some
branding
collateral
and
I
believe
the
county
kind
of
whip
this
together
with
one
of
their
staff
designers
and
it's
up
to
our
committee.
If
we
want
to
move
forward
with
one
or
the
other,
anybody
have
any
strong
feelings
either
way.
I
B
Yeah,
so
thanks
rachel,
so
the
background
is
looking
at
what
web
assets
are
available
for
the
mountain
community
capital
fund,
and
there
are
web
pages
under
the
community
economic
development
department
and
the
business
inclusion
office
on
the
city's
website.
That's
how
we
got
here
on
this
page
you'll
find
information
of
how
to
apply
what
it
is.
B
The
amounts
how
it's
funded
the
past
event
we
ran
in
october,
2019
and
part
of
this
was
going
looking
at
what
collateral
we
had
at
the
time
several
meetings
ago
when
we're
looking
at
collateral,
the
topic
of
logo
came
up,
and
I
so
it
was
kind
of
putting
the
cart
before
the
horse.
Where
requests
went
out
for
someone
to
put
a
logo
together
at
the
county
and
then
shortly
after
that,
we
discovered
we
had
this
existing
asset.
Here,
I'm
not
sure
who
created
that
or
where
it
came
from.
B
B
And
this
new
one
is
not
currently
in
use
it's
just
in
a
jpeg
that
was
shared
to
me
through
tim
love,.
B
B
Specifically,
are
lenders?
Do
they
find
this
to
be
acceptable?
Is
this
enough
information
to
direct
people
to,
and
I
guess
a
goal
would
be
that
somebody
who
is
perusing
you
know
public
sites
with
the
c
in
the
county
will
be
able
to
identify
this
program
and
then
go
to
one
of
our
lenders
and
say
I'm
looking
for
funding
for
my
business,
and
I
found
you
through
this.
B
B
I
also
wonder
if
it's
possible
to
create
a
direct
link,
for
example,
if
we
had
mountaincommunitycapital.org
or
mccf.org.com
whatever,
to
be
able
to
share
that
easily
as
a
redirect
for
interested
parties,
because
that
link
there
is
kind
of
a
mouthful
now
doing
that
would
have
to
obviously
be
purchased
through
the
city
or
the
county,
and
that
domain
be
managed
by
somebody
in
the
it
office.
E
B
Thank
you
for
that
question
zuri.
I
I
guess,
send
me
feedback
directly
and
we
can
add
it
as
an
agenda
item
to
review
feedback
at
our
next
meeting
in
august
because
of
a
packed
agenda,
and
I
do
want
to
move
forward
if
that's
acceptable
to
the
committee.
E
B
And
please,
as
a
reminder
for
just
as
being
a
public
committee
to
keep
communication
like
that
direct
to
me
that
I
can
collate
and
bring
to
the
group
at
our
next
meeting,
we're
not
supposed
to
have
group
conversation
over
email
as
for
public
records.
B
Okay,
with
that,
I
guess
we
can
move
on
tony
hasn't
joined
us
yet.
Has
he.
B
B
I
B
It's
not
the
same
level
of
importance
as
voting
on
a
a
loan
yep,
for
example.
So
I
would
like
to
encourage
our
non-voting
members
to
weigh
in
here
and
see
what
they
have
to
say
if
they
have
an
opinion
and
we'll
take
to
the
full
committee
to
vote
on,
I'm
happy
to
vote
on
that
this
meeting
in
the
next
few
moments.
I
B
I
think
that
sounds
great.
Any
other
comments,
thoughts,
opinions,
feelings
and
again,
here's
one
logo
and
here's
the
original
logo
does
anybody
feel
any
way,
particularly
they
want
to
share
now
about
logos.
F
F
I
wonder
if
there's
a
specific
person
that
we
can
direct
people
to
that
might
be
more
efficient
for
applicants
to
be
able
to
connect
directly,
rather
than
kind
of
get
to
that.
Just
a
landing
spot
or
or
just
you
know,
depend
upon
I'd
like
for
our
partners
to
think
about
that
who
are
here
on
the
call,
if
that
would
make
sense
or
not,
but
that
was
something
that
I
saw
right
away.
A
I
wanted
to
add,
actually
I
do
have
editing
ability
for
this
page
and
just
just
from
my
perspective,
so
we
use
wordpress,
and
so
anything
like
really
fancy
with
graphics
or
anything
is
is
not
very
easy
to
do
with
the
way
that
we
have
wordpress.
So
I
would
say
more
text
kind
of
updates,
but
we
don't
have
a
great
deal
of
functionality
with
you
know
the
kinds
of
things
you
might
be
able
to
see
on
other
very
well
resourced
websites.
B
Thank
you
for
indulging
me
in
that.
Any
other
comment
I
see
tony
has
joined
us,
so
we
are
now
officially
at
quorum.
Thank
you,
tony
good.
To
see
you
any
other
comments.
B
B
H
Thank
you,
okay.
So
this
is
a
business
in
this
service
industry.
H
It
is
going
to
be
to
two
african-american
males
the
business
did
has
been
registered
and
in
in
good
standing
since
2017,
however,
they've
kind
of
been
in
the
startup
phase
still
so
no
profit
has
really
been
earned
to
this.
To
this
point,
they
are
now
at
the
at
the
point
in
the
business
where
they're
going
to
be
opening
up
by
the
end
of
the
year,
and
so
we
would
be
providing
would
be
fifty
thousand
dollars
for
working
capital,
and
that
includes
operating
capital.
H
H
The
50
000
will
be
under
the
catalyst
program,
so
they
are
eligible
for
four
percent
rate
for
the
first
60
months,
five
years
and
after
the
five
years
and
the
rate
does
jump
up
to
eight
percent
and
that's
just
part
of
the
program,
I'm
not
sure
if
some
of
you
are
familiar
with
the
catalyst
program,
but
they
also
do
have
six
months
of
interest
only
payments
and
there
are
no
credit
issues.
The
credit
credit
score
is
great
credit.
History
is
great.
H
They
will
be
retaining
two
full-time
jobs
and
two
part-time
jobs
created.
These
will
all
be
w2.
Employees
they're
currently
receiving
bookkeeping
technical
assistance
and
are
actually
in
our
receiving
marketing
and
sales
development.
Coaching
by
mountain
bus
works,
which,
by
the
end
of
the
project,
they
will
probably
be
receiving
15
to
20
hours
of
technical
assistance.
H
So
what
we're
asking
for
is
an
85
percent
on
this
loan
or
guarantee
on
this
loan,
which
is
42
500
of
the
50..
H
One
thing
I
will
say
this
is
we
have
partnered
with
another
cdfi
to
provide
assistance
on
the
back
end.
This
is
a
much
larger
deal,
but
we
are
providing
the
working
capital
piece
of
the
of
the
deal.
G
H
So
I
the
reason
why
I
only
put
service
so
last
time
in
the
meeting.
I
can't
remember
if
it
was
one
or
two
meetings
ago.
We
decided
to
just
use
service
or
retail,
because
I
was
putting
in
the
type
of
business
the
industry
and
it
turned
out
that
people
were
actually
were
able
to
pick
out
whose
business
that
was
so
the
reason
why
we
switched
it
is
because
of
that.
So
we
are
currently
just
using
service
or
retail.
G
G
A
decision
we
voted
on
or
what?
Why
is
it
not
there?
Because,
when
you're
keeping
data,
you
need
to
have
an
asics
code,
a
standard
industrial
classification
code
and
you
kind
of
need
to
know
what
areas
these
businesses
come
from
and
that's
just
from
a
data
perspective.
That's
the
only
reason
why
I
bring
it
up.
H
I
think
the
point
here
was
to
keep
the
businesses
as
as
private
as
possible
and
not
diffuse,
or
give
out
any
information
that
may
give
away
who's
what
business
that
is.
So
that
was
the
I
that
was
a
conversation,
I'm
okay
with
providing
that
information.
It
is
completely
up
to
the
committee
members
to
see
if
they
feel
different
so.
G
G
Just
the
data
aspect
we're
going
to
be
active,
we
need
to
have
access
to
data
and,
if
you
don't
know
what
type
of
businesses-
or
we
don't
know-
you're-
not
in
full
possession
of
the
information
that
we
need
to
help
make
people
successful,
and
I
think
the
city
is
probably
going
to
be
using
this
data
with
the
I.t
department
well
to
create
a
portal.
We
can
track
these
kinds
of
things.
That's
all
I
have
to
offer
thanks.
H
I
am
I'm
like
I
said,
I'm
fully,
okay
with
providing
that
information.
It's
just
that
a
few
meetings
ago
there
were
some
concerns
of
putting
that
that
data
there
and
people
were
actually
people
knew
who
those
businesses
were
so.
F
B
I
hear
both
sides,
I
think,
there's
something
to
being
so
vague
that
there's
no
information
to
make
a
judgment
on,
but
also
being
so
descriptive
that
we
can
all
figure
out
what
this
alone
is
because
asheville
is
a
small
town.
F
That's
what
I
was
trying
to
get
framework
around
is
that
when
we
make
the
determination
regarding
the
loan
and
again
new
member
here,
so
I
appreciate
the
education
that
you
all
can
provide
to
me,
but
so
what
I'm
understanding
is
that
being
that
these
other
terms
presented
qualify
into
our
program?
The
decision
making
is
based
upon
these
items
as
presented,
and
then
perhaps
the
data
collection
is
about
what
kind
of
service,
but
am
I
understanding
that
correctly
that
the
merits
of
our
decision
are
based
upon
the
application,
as
provided
here.
B
E
B
Context
as
she
has
already
with
some,
you
know
background
on
on
the
story
and
and
why
we
see,
for
example,
no
prophet
as
long
as
they're
still
protecting
the
identities
of
those
lending
too.
B
H
It
is
in
the
entertainment
industry,
okay
and
this
we
are
working
like
I
said
we
are
working
with
another
cdfi
to
partner
and
help,
and
this
is
a
much
larger
deal.
It
is
it's,
I
believe,
it's
a
million
and
above
so
total
between
us
and
the
other
cdfi
that
are
that
we're
parting
together
to
help
this
business.
B
I'll
ask
one
more
question
under
the
profit.
Is
this?
Has
the
company
at
least
I
shouldn't
say
it?
That
way?
Is
the
company
rep
at
least
sorry?
Is
the
company
post
revenue
not
profitable?
Are
they
at
least
generating
cash.
H
Currently,
yes,
we
haven't
really
it's
not
been
really
much,
but
they
are
now
starting
to
slowly
open.
They
were
in
a
renovation
period
as
well,
because
of
kobe
they
kind
of
had
to
stop
and
pause.
H
They
picked
up
some
last
fall
and
so
are
now
beginning
to
open
so
yeah
they're,
starting
to
earn
a
little
bit
of
revenue
like
I
said
it's
still
not
much,
but
they
have
the
potential.
You
know
to
definitely
ramp
up
by
the
end
of
the
year.
G
H
B
Dee,
you
had
a
number
of
questions
prior
to
anything
else.
You
want
to
cover.
G
I
guess
the
only
thing
that
I'm
trying
to
get
to
is
to
try
to
make
sure
while
we're
here
that
we
are
just
as
I
guess
beneficial
to
we
can
be
and
the
only
way
that
we
can
be
beneficial
unless
we're
just
going
to
rub
something
and
if
that's
the
way
it's
going
to
be
also
be
it.
But
information
gives
you
the
ability
to
make
a
discernment.
You
know
I
didn't
know
it
was
a
deal
when
the
you
know
the
form
came
in,
not
unless
I
missed
something
so
an
entertainment.
G
G
B
Thank
you
dee.
I
I
do
want
to
commend
mountain
bizworks
on
the
creativity,
it's
really
showing
some
finesse
in
using
this
program
to
guarantee
a
portion
of
a
larger
loan,
and
so,
while
this
is
over
a
million
dollar
loan,
which
is
a
phenomenal
really
on
the
hook
or
on
the
hook
responsible
for
approving,
you
know
forty
two
thousand
five
hundred
dollars
so
to
put
that,
in
in
perspective
of
mcc
f's
role
in
the
whole
lending.
I
H
Yeah,
certainly
so,
under
the
catalyst
program
we
do
not
require
collateral
unless
the
collateral
is
unless
equipment
is
being
purchased
using
the
specific
funds.
However,
if
no,
if
like
in
this
case
it's
for
working
capital,
we
will
not
be
requiring
any
type
of
collateral
other
than
just
a
blanket
lien.
It
is
a
10-year
note
and
the
for
its.
They
have
the
ability
to
choose
or
for
us
to
offer.
H
We
have
the
ability
to
offer
no
payments
for
12
months
or
interest
only
payments
for
six
months,
and
then
we
can
kind
of
get
creative
with
with
the
the
interest
there
and
no
payments
as
well,
so
they
could
do
no
payments,
six
months
of
no
payments
and
six
months
of
interest
only
so
really
they
have
a
year
to
really
start
up
their
business
and
not
have
to
worry
about
a
large
payment.
H
If
you
know
their
loan
is
sizable,
not
only
that,
but
they
do
have,
we,
our
interest
rate
is
four
percent.
Typically,
our
rates
are
eight
to
ten
percent.
Under
this
program,
we
can
offer
a
four
percent
rate
for
five
years
and
then,
if
they
do
not
pay
the
note
in
those
five
years-
and
they
continue
just
a
ten-year
term,
then
the
remaining
five
years
will
jump
up
to
eight
percent
and,
like
I
said
it's
a
ten-year
note,
there
are
no
prepayment
penalties.
H
They
can
pre-pay
as
as
they
as
they
wish
and
see.
There's
also
tied
to
this
there's
also
a
personal
loan
that
we
can
offer,
and
typically
that
will
be
for
people
that
have
struggled
with
their
credit,
have
had
delinquent
accounts
or
for
or
any
anything
that
they
that's
affecting
the
credit
medical
anything
they
have
the
ability
to
take
a
personal
loan
at
zero
percent
interest
for
them
to
to
pay
those
accounts.
H
High
interest
debt
as
well
and
increase
their
their
credit
score
and
we
do
have
them
meet
with
a
financial
advisor
prior
to
them,
seeking
out
that
person
alone
as
well.
So
they
do
have
access
to
that
and
are
also
part
of
the
technical
assistance.
So
we
would
provide
technical
assistance
under
that
program
as
well.
I
H
Right,
yeah
yeah:
they
they
join
a
cohort
with
other
participants
in
the
program,
so
they
kind
of
have.
They
can
share
experiences
and-
or
you
know,
share
tips
and
have
those
connections
in
the
community
as
well.
B
Any
other
questions
regarding
this
loan
to
what
loans
be
number
12.
I
guess
I
don't
know
if
you
can
name
a
commission
for
them.
B
B
Okay,
so
that
time,
if
there's
no
other
comments
or
questions,
we
should
now
vote
to
approve
or
not
approve
the
loan
once
again
by
a
show
of
hands
all
those
in
favor
of
approving
this
loan.
Please
raise
your
hand.
B
I
don't
know,
do
we
never
been
the
best
parliamentarian?
I
saw
a
couple
of
nods.
B
I
will
entertain
a
motion
to
approve
to
vote
to
approve
the
loan.
Is
that.
B
Very
good,
okay,
so,
at
that
point
now
now
that
we're
here
all
those
in
favor
of
approving
the
loan,
please
raise
your
hand,
that's
all
five
of
us
on
quorum.
That
is
a
unanimous
approval.
Thank
you
all
very
much.
Congratulations,
joseline
and
good
luck
to
these
two
folks
who
wish
them
the
best.
I
look
forward
to,
hopefully
a
huge
success.
D
Jeff,
so
I
this
is
karen,
I
have
a
comment,
but
it
wasn't
to
the
specific
loan
just
getting
back
to
the
point
of
what
information
we
should
include
or
not,
and
I'm
wondering,
if
just
maybe
some
next
steps
on
that
after
this
meeting
you
know
it
could
be
so,
for
example,
in
this
we
have
the
credit
score,
so
it
could
be.
D
The
other
thing
is,
and
I'm
sorry
that
you
know
I'm
filling
in
for
jesse,
so
I
don't
know
what
necessarily
had
been
done,
but
in
the
duties
and
services
agreement
you
know
there
was
reference
to
an
underwriting
guidelines
document
and
I
don't
know
if
that
was
ever
finalized,
but
that
could
also
be
the
place
where
there's
more
detail
that
gives
the
committee
and
the
public
more
information
about
how
the
lenders
are
underwriting,
so
that
the
information
that's
brought
here,
there's
just
more
comfort
with
with
what's
being
done
on
on
all
loans,
so
that
that
wouldn't
necessarily
have
to
be
in
this
document.
B
Helpful
karen,
it
sounds
like
I'm
gonna,
look
into
underwriting
guidelines
document
and
see
what
exists
currently
and
we
have
a
google
drive
with
some
of
our
historic
documents,
including
bylaws
and
rules
and
procedures.
So
let
me
look
for
that
now.
As
for
what
else
needs
to
be
on
this
document,
I
don't
want
to
volunteer
anybody
to
do
anything,
but
how
I
would
welcome
suggestions
from
lenders
as
to
what
else
can
be
added
for
context,
or
maybe
maybe
it's
even
just
a
brief
paragraph
to
go
along
with
this
form
for
context.
H
So
I
am
I'm
not.
I
kind
of
I
know
that
when
I
presented
the
new
data
collection
form
or
you
know
a
version
of
it,
there
was
maybe
not
enough
people.
I
think
some
people
were
having
connection
issues
as
well,
but
I
did
send
that
out.
That
was
one
of
the
items
that
I
was
going
to
see
jeff
if
we
could
add
to
the
next
meeting
to
review
and
and
maybe
get
some
feedback
from
members
to
see.
H
If
you
know
what
we
think
about
that
specific
form,
I
do
feel
like
it
gives
a
it
gives
you
a
little
bit
more
information
as
far
as
the
business,
the
financial
stability.
G
G
And
they
haven't
had
much
revenue
but
they've
been
around
since
2017.
for
all
intents
and
purposes,
unless
they
file
an
income
tax
return
they're,
a
new
business
sounds
like
to
me
they're
a
new
business
in
there.
I
guess
it
just
goes
to
how
you
want.
You
just
want
to
use
the
form
that
you
really.
I
I'm
always
looking
for
information
to
make
a
consummate
decision
with,
and
that's
the
only
thing
I
care
about.
I
don't
care
who
owns
it.
G
I
just
want
to
mitigate
risk
if
I
can
and
help
people
that's
it,
so
not
only
that,
but
a
lot
of
this
form
hasn't
been
used.
I
understand
you
want
to
use
your
own
production,
but
I
think
ultimate
goal
would
be
to
get
as
much
data
as
we
can,
so
we
can
help
if
we
possibly
can.
I
just
put
that
in
because
until
you
verbalize
it
we
didn't.
Even
this
was
part
of
a
larger
deal.
G
I
mean
a
million
bucks
is
nothing
to
sneeze
that
for
a
startup,
that
is
a
lot
of
dough,
okay
and
then
one
that's
in
the
entertainment
field
that
that's
a
little
that's
a
lot
of
risk
too.
So
I
just
wanted
to
add
that
in
thank
you.
B
Yeah
good
conversation
and,
and
it's
it's-
you
know
that
we're
still
only
a
two-year-old
group
and
a
little
more
than
that,
but
you
know
we're
reforming,
storming,
norming
and
we're.
I
feel
like
we're
really
getting
close
to
performing
and,
as
you
know,
these
are
things
that
I
think
the
form
should
evolve
as
as
our
as
we
identify
gaps
or
weaknesses
and
as
as
a
group
zuri,
I
see
you
have
a
hand
up.
E
Thank
you
jeff.
I
just
want
to
comment
as
a
lender.
Listening
to
this
and
based
that
they
are
a
new
business,
I
would
like
to
know
a
little
bit
more
about
their
capacity
for
repayment.
Is
it
an
outside
income
that
they're
bringing
to
the
table,
and
since
this
is
a
one
million,
knowing
that
we're
working
with
another
city
of
five
understand
a
little
bit
more
about
their
debt
service,
the
business
that
service
right?
What
is
the
capacity
that
they
had
in
the
cash
flow
to
pay
for
the
business?
E
F
And
I
mean
I,
I
appreciate
this
conversation
a
lot.
I
think
it's
very
important
because
at
the
same
time,
though,
I'm
I'm
looking
to
our
partners
through
the
lending
institutions
to
have
done
that
work.
So
by
the
time
they
bring
this
to
our
review,
I'm
relying
upon
the
expertise
and
the
financial
pro
forma
analysis
that
has
been
done
by
mountain
biz
works.
I
understand
it's
still
city
dollars
to
and
county
doubt
you
know
to
protect
here,
but
I
am
you
know.
F
I
do
believe
that
it
is,
or
you
know
it
should
be,
on
the
on
the
on
the
the
lender
as
well.
So
I'm
I'm
really
thinking
that's
where
a
lot
of
the
responsibility
lies
in
terms
of
defining
the
credibility,
I
would
be
concerned
to
really
get
into
whether
or
not
we
think
these
you
know
folks
are
are
credit
worthy
because
I
think
our
role
is
a
little
is
perhaps
different.
I
think
we
should
be
stewards
of
the
funds,
but
I
do
believe
it
should
be
the
lending
institutions
that
provide
that
verification.
H
Right
and
you
know
I
I
can
share
information
but
at
the
same
time
I'm
trying
to
protect
the
identity
of
the
business
owners.
So
I
know
that
that's
very
important
here.
So
one
thing
I
will
say
you
know:
a
million
dollars
sounds
like
for
a
startup.
Oh,
it
sounds
really
really
scary
and
risky,
but
a
large
portion
of
this
of
the
loan
is
clarized.
H
However,
we
do
not
have.
We
are
not
part
of
that
collateral,
because
the
other
lender
has
the
majority
of
the
debt.
They
are
the
ones
that
have
the
collateral.
So
in
this
case
the
collateral
is
real
estate.
F
H
D
And
I
do
think
that
just
kind
of
getting
back
to
the
underwriting
guidelines,
I
think
a
review
of
those
and
update-
would
get
to
nikki
a
lot
of
things
that
you
were
just
talking
about
of.
You
know:
here's
how
the
lenders
are
reviewing
and
what
they're
looking
at
and
so
what
you
know
at
a
minimum
the
borrower
is
meeting
and
what
work
has
been
done
on
each
loan.
I
also
think
just
from
a
lender.
You
know
to
borrow
confidentiality,
I
mean
for
us
for
borrowers
using
this.
D
They
have
to
sign
something
that
lets
them
know
that
we
need
to
share
certain
personal
data
and
they
may
decide
not
to
do
that
because
they
know
that
it's
going
to
be
shared.
They
don't
want
to
do
that.
I
don't
know
those
lenders
do
that,
but
that's
you
know,
because
we
are
required
to
keep
our
data
confidential.
You
know
unless
it's
required
by
program,
so
you
know
that's
how
sort
of
we
handle
that
very
good.
G
Thank
you.
I
really
want
to
say
I
guess
it's
a
part
of
us
if
we've
lent
before
or
whatever
we've
done
or
we're
providing
oversight,
our
duties
need
to
be
specified
or
are
restricted,
and
it
needs
to
be
in
writing
if
we
don't
have
oversight
of
this
fund
now
what
we
do
need
to
do.
If
it's
left
up
to
the
lenders,
then
it
needs
to
be
so
specified
that
the
only
thing
that
we
do
is
come
in
and
we
review
a
list
of
maybe
criterion
or
check
off
sheet
and
let
it
go.
G
G
If
it's
in
the
operator-
and
I
guess
we
need
to
revisit
it,
if
y'all
are
gonna,
have
the
only
thing
we're
gonna
stamp
it
then
it
needs
to
be
said
or
articulated
quite
clearly
that
the
only
duties
that
we
have
are
to
promote
the
loan
fund.
G
G
I
think
it's
over
100k
a
year
provide
technical
assistance
to
these
folks
and,
if
there's
an
additional
fee,
then
there
will
should
have
been
no
question
on
my
part
anybody
else's,
because
it's
pretty
discretionary
and
left
up
to
each
lender
as
how
much
as
far
as
processing
fees
they
charge.
Then
the
other
question
too,
is
the
fact
that
if
you
mount
biz
cap
has
been
making
most
of
them.
So
my
other
question
was:
why
didn't
the
other
cdfis
make
any
loans?
Has
there
been
any
rationale
or
reason
for
that?
G
I
think
if
these
questions
were
answered
and
we
were
just
told
and
it's
the
operating
agreement
that
says
it,
then
we
all
need
to
understand
and
we
can
have
these
brief
meetings
and
just
go
check
list
of
what
we're
supposed
to
be
provided.
Oversight
of
and
let
it
be,
and
these
conversations
don't
even
have
to
happen.
B
Thanks,
thank
you
dee,
a
quick
note.
As
to
other
lenders
activity.
That's
an
agenda
item.
We
have
here
to
discuss
obstacles
for
lending,
see
if
there's
any
barriers
that
we
can
get
out
of
their
way
and
make
sure
they
are
lending
and
that's
I.
I
fear
that
we're
25
to
30
minutes
over
our
agenda
here,
as
our
important
conversation
has
grown.
B
So
with
that.
I
think
we
should
move
on
to
get
to
those
those
comments
before.
I
We
do
move
on.
I
made
a
note
in
addition
to
the
action
that
we
took
to
for
that
loan
approval
that
jeff
you
were
going
to
look
at
pulling
up
any
existing
underwriting
guidelines
and
yes,
lien
had
proposed
adding
the
data
collection
form
to
the
next
meeting
agenda.
B
B
Do
worse
of
a
job
going
forward
great?
My
our
next
agenda
item
is
the
mccf
quarterly
report.
If
I
can
figure
out
how
to
zoom,
this
is
also
on
yazolin.
If
I
make
it
wider,
I'm
not
gonna.
Let's
put
another
window,
make
this
wider,
yeah
asleen
take
it
away
and
let's,
if
we
can
be
brief,
we
should
try
to
be
brief.
H
Okay
yeah,
so
karen
thank
you
for
sending
me
an
email
about
the
interest
rates.
My
formulas,
I
guess,
got
a
little
mixed
up
there.
So
it's
nine
nine
point,
one
two:
five
on
that.
First,
one
eight
point:
five:
eight
percent,
eight
percent,
so
yeah,
my
formulas
just
were
a
little
crazy.
H
So,
let's
see
currently
all
loans
are
current
on
all
payments.
We
have
not
had
any
defaults
any
late
payments.
They
the
terms,
are
still
the
same.
There's
not
been
any
refi,
let's
see
yeah,
so
the
balances
have
you
know
gone
down.
H
The
guarantee
percentage
has
the
the
guarantee
amount,
has
gonna
gone
up
and
yeah.
We
have
not
had
any
loans
pay
off
early
yet
so
any
questions
did
everybody
get
a
chance
to
review
this
gotta?
Look
at
it,
okay,
yeah!
So
I
guess
I'll.
Just
if
you
get.
If
anyone
has
any
questions
about
anything
on
the
on
the
forum.
I
H
Sure
so
the
original
loans
loan
amounts
have
been
we're
at
390
000.
we
have
now
received.
H
We
are
now
down
to
339
from
receiving
payments
from
those
specific
clients
and
the
the
active
guarantee
dollar
amount
is
288.
000.
B
I
I
will
follow
up
with
a.
I
don't
see
that
as
a
dense
question,
rachel
say
this
is
a
dense
question.
I
know
that
the
difference
between
the
original
guarantee
and
the
active
guarantee
is
only
two
ten
fourteen
thousand
dollars,
but
would
it
be
possible
to
add
two
columns
to
stock,
maybe
just
two
rows
regarding
what
that
difference
is
to
show
the
repayment
amount
as
its
own
number.
B
So
we
can
watch
that
grow
over
time,
as
well
as
as
rachel
was
saying,
the
outstanding
available
balance,
which
is,
I
guess,
just
whatever
the
active
guarantee
minus
450
000
right.
It's
essentially
what
that
would
equal.
B
B
I
B
So
we're
a
couple
years
in
and
we're
half
lent
out,
we've
got
plenty
more
to
do,
which
tees
up
our
next
couple
of
items
that,
if
there's
any
other
questions
or
comments,
move
on
to
the
next
agenda
items,
there's
no
vote
or
anything
here.
This
is
just
part
of
mountain
biz
works
his
agreement
with
the
mccf
to
provide
this
quarterly
document.
E
H
H
So
I
had
shared
a
live:
google
doc
just
with
the
lenders
so
that
we
could
all
go
in
there
and
edit
any
loans
that
we
have
done
under
the
50
000
dollar
mark.
So
that's
kind
of
how
it's
been
current,
but
I
don't
think
that
it's
been.
H
You
might
not
not
have
the
access
to
it.
So
I
can,
I
can
add
you
to
it.
So
I
can.
I
can
send
that
doc
to
you.
H
The
only
the
only
difference
really
with
the
the
google
sheet
that
is
being
shared
just
with
the
lenders
is
that
it
has
the
actual
client
and
business
name
so
that
we
know
who
we're
working
with
that
way.
If
anything
were
to
happen,
we
wouldn't
overlap
necessarily
with
a
certain
client.
So
we
would
just
have
more
information
about
the
specific
client
on
the
other
sheet,
and
it's
not
public.
B
Well,
I'm
going
to
so
I'm
going
to
very
briefly
touch
on
the
american
rescue
plan
proposal.
At
our
last
meeting,
we
were
encouraged
to
submit
a
ask
on
behalf
of
one
of
the
lenders
to
to
the
buncombe
county
american
rescue
plan
for
more
funding
for
the
mccf.
B
I
want
to
thank
mountain
bizworks
for
leading
that
initiative
to
submit
a
proposal.
They've
really
led
the
charge
here,
putting
the
package
together.
I've
written
a
letter
of
support
on
behalf
of
the
committee
and
osleen.
If
I
can
ask
you,
is
that
number
that
we're
asking
for
final?
Are
we
able
to
share
that
with
the
committee?
What
we'll
be
asking
for
in
the
proposal.
H
I
don't
think
it's
final
just
yet
from
our
conversation
this
week
I
mean
we
could
share
just
an
idea
of
it,
but
I
don't
know
if
it's
finalized
yet.
B
I'll
say
this
ballpark:
it's
would
be
a
significant
increase
to
the
capacity
of
the
mccf.
If
it's
fully
approved
karen,
you
have
a
question
for
him:
yeah.
D
My
question
was
just
if
that
money
is
going
to
be
deposited
itself
help
whether
it
is
or
not
that
that's
fine,
but
if
it
is,
if
you
could
share
that,
so
we
can
understand
what
our
responsibilities
will
be
related
to.
You
know
making
sure,
because
it's
going
to
be
administrative
on
us
to
to
make
sure
that
we're
dispersing
if
there's
loans
that
have
been
that
that
we
need
to
pay
out
the
guarantee
on,
and
things
like
that.
D
So
we
need
to
understand
what
that
cost
is
and
what
that
time
is
for
us,
because
we'll
be
covering
that
unless
there's
some
money
from
the
grant.
And
so
if
that's
the
intent,
then
that'd
be
helpful
for
us
to
see
that
before
it
gets
submitted.
B
Very
good
nikki
having
your
hands
up,
but
can
ask
gaslyn
to
respond
to
that.
If
you
know
if
it'll
be
deposited
self-help
or
with
mountain
biz
works,.
H
That
is
what
I
understand.
It
would
be
deposited
to
self-help,
I'm
not
100
sure
just
yet.
So
let
me
check
with
with
matt
and
mariah
and
I've.
I
should
be
able
to
maybe
send
you
an
email,
karen
yeah.
I
That
would
be
great.
This
is
rachel
weighing
in
on
that.
If
there's
a
desire
to
change
how
funds
are
held,
we
would
need
to
probably
revisit
our
operating
agreement.
So
the
easier
path
is
to
keep
the
program
as
currently
designed
in
roles
as
currently
established.
D
Yeah,
we
need
to
understand
what
those
costs
are
for
us.
If
there's
no
admin
costs.
B
B
F
Well,
I
think
this
might
be
connected
so
with
that
being
the
case,
who
is
going
to
be
our
applicant
of
record
for
those
funds
on
the
grant
application
to
the
county,
because
I
know
with
the
committee
being
this
hybrid
of
city
county?
Could
self-help
be
the
applicant
or
how
should
that
be
structured?.
D
B
Okay,
very
good,
I'm
going
to
punt
the
next
agenda
item
discussing
potential
new
meeting
day
and
time
to
our
next
meeting
and
instead,
if
we
could,
if
we
have
time,
people
would
like
to
go
over
a
little
bit
to
discuss
any
obstacles
for
lenders.
So
this
is
an
opportunity
for
self-help
and
carolina
swamp's
development
to
discuss
to
share
with
us
like
what
do
they
need
to
be
able
to
support
more
entrepreneurs.
D
So
this
is
karen.
If
it's
okay,
I
have
another
meeting
now,
so
I'm
gonna
have
to
hop
off.
So
I
can't
really
be
part
of
the
longer
conversation
I
I
will
say
so.
You
know
for
us.
We
see
our
role
with
mountain
bizworks
and
carolina
small
business
development
as
sort
of
a
partnership
and
serving
the
community,
and
we
for
a
while
now
have
been
doing
the
larger
loans,
while
mountain
bismarcks,
for
example,
has
been
doing
loans
of
this
size.
So
it's
a
little
bit
of
a
shift
for
us
to
go
back.
D
I
mean
I'm
not,
and
I
think
that
we
still
want
to
honor
sort
of
that
partnership.
That
said,
you
know
so
jane
hatley,
as
some
of
you
know,
is
just
retired
and
she
was
a
big
person.
There.
We've
been
training
up
someone
else
to
do
more
of
the
outreach
and
I'm
working
with
our
branches.
There,
too,
we
did
have
one
application
just
recently
that
we
looked
at,
but
it
anyway
the
loan
didn't
move
forward.
D
So
we
are,
you
know
we,
we
will
make
loans
as
they
come
into
us
and
and
are
happy
to
do
that,
but
are
still
sort
of
looking
more
just
in
the
in
the
network
of
asheville
and
buncombe
county
and
the
lenders
there
look
more
at
the
larger
size,
loans.
C
C
Mark,
I
guess
to
be
most
specific:
we
had
some
turnover
there
in
the
asheville
area
and
the.
C
For
us,
that
was
that
were
keeping
up
with
the
program
as
it
was
developing.
I
think
it
went
through
a
few
iterations
and
changes.
We
were
waiting
here,
corporately
in
raleigh
for
some
final
decisions.
It
seems
some
of
those
things
happened
and
because
our
staff
turnover
there
was
some
mix
there
were
some
misses
in
information
getting
back
to
various
other
associates
in
the
organization.
C
So
now
that
we
are
connected,
we're
committed
to
mobilizing
some
effort
efforts
there
in
the
area
and-
and
we
just
had
a
meeting
even
yesterday-
internally
about
how
we
how
we
might
go
go
forward
and,
like
karen
said,
we
also
agreed
that
you
know
this
is
a
partnership
amongst
three,
so
we'll
figure
out
how
to
how
to
make
this
work
collectively.
C
Yeah,
I
do
have
some
thoughts,
maybe
on
on
how
information
and
what
information
might
be
presented
to
the
greater
committee
as
we
have
loans
come
through.
I
don't
want
to
bring
those
topics
back
up
now,
but
I
will
ask
yaslan.
I
hope
I
said
that
correctly.
It
sounds.
C
Maybe
submitted
something
for
review.
This
is
my
first
meeting.
So
if
there's
some
information
that
you
have
share
with
others,
I
don't
know
how
to
get
hands
on
that
stuff,
but
there's
a
portal
or
something
we
have
that
that
has
access
or
if
you
want
my
email
address,
I'm
not
sure
how
to
best
do
that.
But
I'd
love
to
to
be
a
part
of
helping
you
helping
you
out
on
some
of
that.
H
Yeah
right
now
we
don't
have
any
kind
of
portal
or
anything,
but
if
we
could
definitely
add
you
to
the
email
group
where
we
share
every
everything
all
the
communication
just
keep
in
mind
that
it
is
a
public
channel.
So
we're
not
having
any
lengthy
conversations
on
there.
It's
more
for
sharing
documents.
If
you
want
a
little
bit
more
information,
feel
free
to
email
me
directly,.
H
So
yeah
we
could
definitely
add
you
to
the
email
list
and
I
can
share
those
documents
with
you.
E
And
jeff,
I
just
want
to
add-
and
I
wanted
to
say
thank
you
to
the
committee
and
you
for
meeting
with
us
last
week
and
giving
us
the
information
that
we
needed
to
come
up
on
board
again
and
sharing
all
the
documentation
that
you
did
and
to
mountain
biz
works,
because
it's
keeping
this
program
live
and
it
has
done
a
lot
of
the
loans
were
actually
had
done
all
of
the
loans.
But
you
know
just
thank
you
for
sharing
the
information
that
we
need
to
be
able
to
be
active
and
productive.
E
B
B
Adjourn
you
all
want
to
stay
on,
we
can
stay
on
or
someone
needs
some
motion
to
adjourn.
The
meeting
is
that
right
or
could
we
recruit
a
send
it
how's?
This
work.