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From YouTube: Mountain Community Capital Fund
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B
B
B
D
H
She
should
be
oh,
no,
no,
never
mind
because
jessie's
here
for
her
right.
B
B
All
right
so
based
on
the
roll
call,
I'm
tim
love,
I'm
president,
obviously
based
on
the
roll
call,
we
do
have
a
quorum,
so
we
can
proceed
through
the
meeting
and
if
there's
items
to
vote
on
which
I
know
there
are,
we
can
address
those.
B
The
first
matter
that
I
would
like
to
bring
up
related
to
the
agenda.
There
was
a
an
additional
item
requested
to
be
added
to
the
agenda,
which
is
to
add
frank
mcgowan
as
a
permanent
member
of
the
operating
committee
and
replacing
tony
mcdowell
as
that
member
that
wasn't
on
the
agenda
that
we
sent
and
that
we
posted,
but
we
do
have
the
opportunity
to
add
that
to
the
agenda
now
in
order
to
do
that,
we
would
need
a
motion
second
and
ultimately,
a
vote
in
favor
of
adding
that
item
to
the
agenda.
B
B
G
B
B
B
One
item
I
neglected
to
address
rachel
or
angelica.
I
believe
one
of
you
had
been
serving
as
our
interim
secretary
and
to
record
the
official
minutes.
Can
we
confirm
that.
C
I
am
essentially
serving
as
secretary,
and
I
really
don't
remember
the
history
around
why
it
was
interim.
It
was
lynn
who
had
been
in
the
role
of
secretary
and
then
we
were
wondering
if
whoever
replaced
her,
would
you.
I
C
Take
that
seat,
but
I've
been
holding
it
happy
to
do
it
as
the
interim
role
and
wait
for
us
to
do
executive
board
in
the
future
and
become
a
consider
getting
voted
on
at
that
at
that
time
or,
if
you
want
to
add
it
to
the
agenda,
so
that
we're
not
without
a
secretary
open
to
that
as
well.
Nonetheless,
I'm
taking
the
minutes.
B
Is
there
anyone
that
has
an
interest
in
serving
as
the
secretary
aside
from
rachel
hearing
none,
then
I
would
like
to
propose
that
we
add
an
additional
item
to
the
agenda
this
morning.
That
would
be
a
vote
to
confirm
rachel
nygard
as
secretary
of
the
mountain
community
capital
fund
operating
committee.
B
In
order
to
do
that,
we
would
need
a
motion
a
second
and
then
we
would
take
that
item
up
in
new
business.
Do
we.
B
Carl
and
dee
ya'll
are
a
good
team
up
at
this
point,
we'll
take
the
vote.
All
those
in
favor.
E
B
Got
it
all
right,
so
we've
added
two
new
items
to
the
agenda
in
new
business.
Thank
you
all
for
being
flexible
with
that
all
right.
So
moving
back
to
our
regular
agenda.
B
Our
first
item
on
that
agenda
is
the
approval
of
the
minutes
from
the
september
3rd
meeting
and
those
were
sent
out
prior
to
the
meeting
by
jeff
kaplan.
Hopefully,
you've
all
had
an
opportunity
to
review.
Are
there
any
questions
or
concerns
on
the
minutes?.
C
This
is
rachel.
Please
check
the
attendance
piece
in
particular
check
my
work
on
that
and
make
sure
I
got
you
correct.
E
B
B
Ocean
passes
the
minutes
are
approved.
Thank
you
very
much.
Everybody
all
right.
Our
next
item
we're
going
to
move
into
old
business,
there's
no
vote
required
in
old
business,
but
just
wanted
to
share
an
update
and
would
invite
anyone
on
this
call
or
that's
listening
to
participate
as
well.
But
in
our
last
discussion
there
was
some
conversation
just
about
small
business
resources
and
making
sure
that
you
know
our
various
entities.
B
Programs
initiatives
were,
you
know,
aligned
so
that
we're
supporting
small
businesses,
the
best
we
can,
and
so
I
think,
there's
a
lot
of
really
good
work
going,
certainly
not
a
criticism
of
any
work
that's
going
on,
but
just
wanted
to
make
sure
that
we
were
all
talking
and
so
along
those
lines.
I
haven't
done
much
except
to
schedule
a
meeting
with
some
key
players,
some
of
which
you
know,
I
think
we've
got
rachel.
Taylor
is
joining
from
the
city
of
asheville,
but
we
would
welcome
additional
voices,
rosanna
or
others
to
that
table.
B
We've
got
folks
from
the
chamber,
including
jeff,
kaplan,
samantha,
cole,
representing
ventura,
asheville
and
other
entities.
Mountain
biz
works
as
well
as
self-help.
Credit
union
also
involved
purpose
of
the
discussion,
really
is
just
to
talk
openly
about
some
of
the
big
things
that
are
going
on
and
identify
any
potential
truthfully
gaps
in
the
services
that
we're
offering
overall,
but
also
to
help
small
businesses
navigate.
B
Now
I've
heard
you
speak
a
couple
times
now
about
you
know
your
experience
as
a
small
business
owner
and
entrepreneur
and
just
understanding
how
to
best
use
your
time,
which
initiatives
were
the
ones
that
you
were
investing
in
that
were
investing
in
you,
and
so
I
think
that
really
resonates
with
me.
So
that's
the
type
of
thing
we
want
to
talk
about
so
welcome
to
your
voice
as
well.
B
So
that's
what's
coming
we'll
see
where
it
goes,
I
don't
have.
I
have
an
agenda
for
how
we'll
get
through
that
meeting,
but
I
don't
know
where
we'll
land,
so
I
don't
want
anyone
to
think
that
something
big
is
changing.
We
just
want
to
make
sure
folks
are
talking.
That's
all
so.
With
that
said,
dsc
your
hand
is
raised.
G
I'm
you
thank
you
for
recognizing
me,
tim
and
I'll
take
my
hand
down
if
I
can
I'm
kind
of
having
a
little
issue
here
with
this
system.
At
any
rate,
please
do
not
forget.
We
have
a
new
organization,
it's
called
eagles
wings
community
development
corporation
there's
two
things
that
this
corporation
cdc
does.
G
Two
things:
first,
things
affordable
mixed
use,
mixed
income,
housing
and
commercial
development.
The
second
thing
is
ethnic
minority
business
development,
particularly
african-american
business
development
throughout
western
north
carolina.
It's
probably
the
largest
economic
development
initiative
ever
undertaken
specifically
by
the
black
church
and
a
couple
of
other
black
lead
ceos.
So
I
don't
know
if
you
have
anybody
from
that
group
on
the
list
to
talk
to,
but
certainly
they
represent
quite
a
swath
of
people.
B
I
love
that
that's
a
great
suggestion,
dia.
I
will
follow
up
with
you
after
to
see
who's
the
best
rep
and
again,
you
know
I
just
want
everyone
to
understand
what
what
I'm
describing
here
isn't
a
full-fledged
initiative.
It's
more
just
a
conversation
because.
J
B
H
B
You
could
just
send
me
an
email
and
I'll
add
you
to
the
invite.
Rachel's
also
invited
rachel
taylor,
but
really
wanting
this
to
be
open
like
it's,
not
a
a
select
crew,
there's
no
board
appointments
or
anything
of
that
nature.
It's
just
let's
just
talk,
but
let
me
pull
up
that
date.
B
So
rosanna
do
you
want
you
want
to.
Let
me
know
if
you
or
someone
else
would
like
to
rep
absolutely
thank
you.
Thank
you,
reggie
or
reginald,
as
you're
listening
in
google
teams.
K
Please
call
me
reggie,
I
couldn't
figure
out
how
to
change
that,
but
just
wanted
to
carolina
small
business
development
fund.
You
know
our
challenge
has
always
been
around
the
fact
that
we
currently
don't
have
representation.
You
know
outside
of
the
women's
center.
We
we
don't
have
you
know
a
representation
there
as
far
as
one
of
our
business
solutions
solutions,
officers
which
you
know
would
be
the
the
person
that
would
be
on
the
ground
on
day
to
day.
K
So
it's
a
little
bit
of
a
challenge
to
to
to
be
impactful
in
the
program
as
of
now.
But
we
do
intend
to
you
know,
build
our
capabilities
in
the
western
part
of
the
state
and
we
just
wanna.
You
know
just
remain
a
part
of
the
the
conversation
just
to
to
understand.
What's
going
on
understand
as
well,
where
the
gaps
are
so
as
we're
planning
and
building
our
capabilities
there,
it
will
align
with
what
you're
trying
to
accomplish.
B
That's
great
regin.
We
appreciate
that
and
I
think,
maybe
to
keep
you
kind
of
plugged
in
maybe
we'll
we'll
just
add
you
to
the
list
and
then,
if
you're
able
to
make
it
great
or
if
there's
someone
over
time
these
laughing
at
me,
as
I
continue
to
wrote
people
in
to
this
meeting
so,
but
I
think
that
would
be
a
great
and
I'm
glad
to
include
you
and
you
can
plug
in
as
you'd
like
to.
B
B
We
just
saw
so
many
great
ideas,
especially
on
the
small
business,
not
especially
but
in
the
small
business
in
the
equity
space
and
so
really
be
great
to
see
some
of
that
stuff
come
together
and
you
know
really
support
our
community.
So
anything
you
would
add
rachel.
B
B
So
so
we
just
added
an
item
today
and
that
new
item
is
to
replace
tony
mcdowell
with
frank
mcgowan
and
so
in
you
know,
we've
greatly
enjoyed
working
with
tony,
but
know
that
frank
also
a
a
really
great
resource
at
the
city
of
asheville.
So
I'm
certainly
in
support
of
that.
In
order
to
make
this
official,
though
we
would
need
sort
of
a
motion
second
and
then
we'll
vote
accordingly
is.
G
B
All
in
favor
of
the
motion
to
replace
tony
mcdowell
was
frank.
Mcgowan,
please
say
aye
hi,
all
those
opposed
all
right.
The
motion
passes
frank
welcome,
you're,
an
official
operating
committee
member.
You
have
voting
responsibilities,
look
forward
to
working
with
you
is
there
anything
you'd
like
to
say.
B
Good
deal
all
right
so
frank
you're,
going
to
get
an
opportunity
to
make
your
first
vote,
maybe
even
a
motion
or
a
second
if
you
choose.
Our
next
item
is
to
appoint
rachel
nygard
as
our
secretary
for
the
mountain
community
capital
fund
operating
committee.
B
In
order
to
do
that,
we
would
of
course,
need
a
motion,
a
second
and
a
vote.
I
would
say
that
rachel
has
been
a
long
time.
Member
of
the
operating
committee
long
before
I
I
was
a
part
of
this
as
well
and
has
graciously
been
serving
as
our
interim
secretary
but
has
been
handling
business
as
usual.
G
Mr
chairman,
I
move
that
we
appoint
rachel,
as
the
official
secretary
excuse
me,
of
mountain
community
capital
operating
committee.
J
B
B
Great,
do
you
all
miss
jeff,
I
kind
of
missed
jeff.
You
brought
so
much
energy
to
the
to
the
committee.
Hopefully
he'll
join
us
all
right
so
in
in
new
business.
Next
up
we
have
present
two
presentations,
two
items
from
yazleen
gonzalez.
The
first
item.
Gasoline
is
a
presentation
on
loans,
and
so
I
believe
you
sent
those
out
last
night.
So
there
is
a
a
loan
information
sheet,
and
so,
if
you'd
like
to
present
your
screen
or
walk
us
through
that
I'd
welcome
it.
F
Yep,
I
will
do
that.
Let's
see,
I
think
the
first
item
was
the
long
presentation,
so
I'll
go
ahead
and
start
with
that.
F
F
Yes,
great,
let
me
see
if
I
can
make
it
a
little
bit
bigger
there.
We
go
okay,
so
this
first
item
of
business
is
a
loan
presentation.
We
are
seeking
an
85
percent
guarantee
on
a
food
related
business.
This
is
an
existing
business.
F
It
is
a
lmi,
women-owned,
hispanic
or
latino
borrower.
The
business
started
in
in
2015.
revenue,
net
profit
in
2019
was
81
000.
and
then
profit
in
2020
was
75
and
they
are
located
in
buckham
county.
The
the
loan
request
is
4.75.
F
It
will
be
used
essentially
for
working
capital.
We
will
not
be
purchasing
equipment.
There
is
equipment
already
in
the
business
that
will
secure
the
loan
and
see
payments
will
be
six
months
interest.
Only
the
96
months
p.
I,
the
payment,
will
be
965.95.
F
This
will
be
a
part
of
the
catalyst
program
as
well,
so
we
will
be
also
pairing
it
with
that
program.
The
credit
scores
all
the
borrowers.
There's
three
borrowers:
two
women,
one
male-
they
all
have
great
credit-
scores
excellent
payment
history,
no
collections,
no,
no
bankruptcies
or
foreclosures.
F
So
there
are
no
concerns
with
the
credit
jobs.
There's
eight
full-time
jobs
retained
four
full-time,
a
four-part
time
retained
three
and
then
three
part-time
that
will
be
created
with
the
new
money.
F
These
applicants
I'll
give
you
a
little
bit
of
back
of
background.
They've
been
long-time
clients
of
mountain
bis
works,
we've,
we've
kind
of
helped
them
get
started
in
the
beginning
in
2015.
F
they've
been,
we
originally
did
a
loan
for
them.
They
paid
us
off
early
they've
been
doing
great
so
far,
and
they
just
came
to
a
point
where
they
needed
some
capital
to
to
keep
going
and
to
just
revamp
a
little
bit.
So
we
are
seeking
85
guarantee
on
this
note,
which
is
a
total
of
sixty
three
thousand
seven
hundred
and
fifty
dollars,
so
they
have
of
course
received
five
hours
of
technical
assistance
and
or
more
and
the
lender
has
I'm
the
lender.
F
G
G
E
G
All
right
all
right,
one
other
question:
did
you
already
send
this
out
to
us
this
sheet
information
sheet?
Yes,
I
missed
it.
When
did
it
come
out
last
night,
oh
god?
Okay,
so
I
missed
it.
I
was
on
the
road.
I'm
sorry,
thank
you
for
your
answering
my
questions.
Sure.
D
Hi,
thank
you.
So
I
do
have
a
few
questions.
Let
me
see
them
here.
Okay,
so
for
the
collateral
it
says
ucc
on
all
business
assets.
What
does
that
mean
again
so.
F
Ucc
is
a
universal
commercial
code
within
the
city
of
north
carolina.
So
essentially
it's
a
blanket
lien
that
we
secure
that
we
report
with
or
with
north
carolina
pretty
much
saying
we
have
a
lien
on
their
business
assets
until
they
pay
off
the
note.
We
will
release
that
and
that
includes
fixtures
equipment,
accounts
receivable
among
other
items.
D
Do
you
know
in
general
how
much
equipment
they
might
have,
because
I
noticed
that
in
the
net
profit
section
like
there's
a
section
179,
so
does
that
mean
that
they
bought
equipment
previously
or
recently
and
took
that
full
depreciation?
So
I
was
just
wondering
how
much.
F
They
have
about
85
000
in
equipment,
but
it
was
purchased
at
the
beginning
of
the
of
the
business.
So
it
has
been
fully
depreciated.
L
D
And
then,
and
then
my
last
question,
which
is
kind
of
a
more
general
question,
is
as
I'm.
This
is
the
kind
of
first
like
loan
request
that
we're
I'm
helping
review.
So
it
looks
like
the
borrowers
all
have
pretty
good
credit
scores.
D
F
So
the
only
the
reason
why
we
came
to
mountain
or
mccf
is
because,
typically
to
repossess,
kitchen
equipment
is
really
cumbersome
and
usually
it's
not
the
best
way
to
secure
a
loan
in.
In
this
case,
that's
really
the
only
collateral
that
there
is
okay.
D
E
Yes,
thank
you.
Is
it
appropriate
to
know
if
whether
this
is
a
retail
or
wholesale
business?
This
is
a
retail
okay
and
does,
and
the
income
for
2020
was
coveted,
related.
F
F
Drive-Through
and
or
take-out
options
to
kind
of
mitigate
their
theirs,
their
their
sales
dropping
so
yeah.
E
Okay
and
to
maui's
point:
will
this
be
the
largest
amount
we
have
guaranteed
to
date.
F
It
is
not
actually
yes
it
it.
Yes,
it
is,
we
have
not.
This
is
not
the
largest
we've
approved
or
you
guys
have
approved,
but
it
will
be
the
largest
one
that
we've
done.
B
B
Doing
well,
I
hope
you
are
you're,
welcome
to
take
the
baton
back
if
you
like,
but
you
may
also
be
balancing.
B
I
Yeah
I'll
just
share
it
doesn't
seem.
Thank
you.
Thank
you.
A
lot
of
questioning
you
all
brought
up
issues
I
hadn't
really
considered.
I.
I
do
have
a
bit
of
presentation
putting
such
a
large
investment
into
a
retail
food
and
beverage
operation,
given
the
state
of
public
health
and
the
shifting
policies
that
immediately
affect
the
bottom
line
of
these
types
of
investments.
I
F
I
think
your
question
was:
have
they
taken
advantage
of
any
other
government
loans
yeah
like
one
buncombe,
so
the
reason
why
they
came
to
mountain
vis
works
is
because
two
of
the
borrowers
do
not
have
legal
status,
so
that
has
been
a
real
deterrent
and
then
trying
to
get
funding
anywhere
else.
So
because
of
that
they
were
not
eligible
for
bank
funding,
although
they
have,
you
know
their
numbers
look
great.
F
I
I
D
C
Muted,
I
was
glad
to
hear
the
questions
around
the
total
fund
balance.
I
was
kind
of
looking
ahead
because
we
have
the
agenda
items
in
opposite
order.
I
know
that
we
are
getting
close
to
sort
of
using
up
having
our
fund
balance
spoken
for
with
our
portfolio
of
loans.
Can
you
clarify?
Yes,
lien
your
answer
to
maui's
question
about
the
largest
loan?
You
said
it's
not
the
largest
loan
that
we've
done,
but
it's
the
largest
loan
we've
guaranteed,
or
something
like
that.
I
want
to
make
sure
that
I
understand.
F
H
F
Right
and
it
was,
it
was
right
when
kovitt
kind
of
started,
and
so
they
decided
not
to
go
through
with
the
business,
and
so
it
just
kind
of
fell
apart.
B
Sorry
y'all,
I
have
a
siren
in
the
background
and
I'm
trying
to
save
y'all
from
that.
Those
are
excellent
questions
and,
I
think,
provided
a
lot
of
clarity.
I
really
appreciate
everyone
being
honest
and
recognizing
that
you
know
there's
there's
a
finite
amount
of
funding
and
wanting
to
make
sure
that
these
resources
are
best
used.
I
appreciated
you
sharing
the
status
of
this
business
yaslane
because
I
do
think
that's
a
variable.
B
B
D
The
only
challenge
is
that
it's
kind
of
a
staffing
shortage
right
now,
like
kind
of
you
know,
industry-wide,
you
know
this
kind
of
beverage
sort
of
retail
industry,
so
I'm
wondering
if
they
already
had
those
staff
persons
lined
up
or
they
would
have
to
go
and
source
them
and
and
if
they
have
trouble,
how
that
would
like
how
that
would
kind
of
impact
the
use
of
funds
that
they
were
intending.
F
So
they
do
already
have
those
people
lined
up
they
again
a
lot
of
the
challenges
that
a
lot
of
latino
hispanics
have
that
you
know
don't
speak
the
language
they
are
able
to
provide
jobs
that
you
know.
Don't
they
a
lot
of
the
people
that
they
do
hire
on
are
hispanic
latinos
that
you
know
have
have
struggled
with
the
language,
so
they
do
have
people
lined
up
to
to
bring
on
yep.
E
You
had
indicated
that
you
know
the
challenge
of
you
know.
Trying
to
monetize
used
restaurant
equipment
for
their
asset
value.
Has
anybody
examined
the
assets
that
are
used
as
collateral
for
this
loan.
F
G
Thank
you
for
recognizing
yazolin,
I
guess
going
along
with
that
question.
I
guess
I'm
just
used
to
working
cap
being
no
more
than
seven
years.
I
understand
with
some
of
the
entrepreneurs
that
we
have,
that
we
have
cash
flow
and
and
and
gross
revs
gross
revenue
issues
and
volume
issues.
But
one
of
the
things
about
fully
depreciated
equipment
is
absolutely
no
good
on
a
balance
sheet,
and
so
is
there
some
way
in
the
future.
G
We
can
look
at
lowering
reducing
the
amount
of
time
to
84
months
or
seven
years,
rather
than
these
long
and
very
protracted,
because
we
we
are
what
we're
basing
this
on
is
fully
depreciated
equipment
that
probably
has
scrap
value
and
it
just-
I
guess
I
don't
know
I
guess
from
the
standpoint
of
somebody
who's
pledged
collateral
and
had
to
collect
collateral
and
liquidate
collateral.
I've
even
had
to
do
that.
If
there's
no
value
there,
the
only
thing
that
is
valuable
would
be
the
scrap
value
of
it.
G
Is
there
a
way-
and
I
guess
the
chairman
or
whoever
other
thinkers
on
this
long
pool-
is
there
a
way
that
we
can
fix
those
time
limits
so
that
we
don't
have
protracted
limits
of
on
these
loans,
so
the
equipment
runs
out
or
before
the
loan
does.
I,
I
guess,
from
a
from
from
a
lending
standpoint.
G
That's
another
thing.
I
guess
that
we
could
provide
based
and
we
do
provide
it
as
a
gap
measure,
but
I
don't
think
first
of
all,
the
restaurant
business
is
a
very
risky
business
from
a
risk
assessment
standpoint.
The
second
thing
is,
I
don't
care
much
for
pledging
or
using
as
collateral
fully
depreciated
equipment.
So
the
only
next
best
thing-
and
I'm
speaking
very
frankly
now
and
from
a
business
standpoint,
is
to
lower
the
terms
down
to
84
months.
G
F
So
I
do
have
to
say
to
your
point,
because
because
kitchen
equipment
and
restaurant
equipment
does
not
hold
up
its
value
and
it's
very
really
hard
to
to
come
up
with
a
value
on
it.
This
is
why
we
exist.
This
is
why
mccf
exists
to
to
to
to
really
fill
that
gap
in
collateral,
right,
okay,
okay,
so
and.
F
G
So
that's
just
from
a
business
standpoint
and
that's
the
only
thing
that
I'm
speaking
of
right
now
is
that
and
and
to
go
along
with
that
to
extend
the
loan
be
beyond
84
months,
which,
seven
years,
whether
you
do
makers,
acres
or
whatever
life
span
that
you
do
have,
which
is,
I
haven't,
seen
their
179
form.
So
I
have
no
idea
whether
it
was
five
years
seven
years
or
whatever
makers,
acres
or
whatever.
G
I'm
just
saying
that
from
a
business
standpoint
we
don't
lend
or
put
ucc's
on
kitchen
equipment.
That's
been
fully
depreciated
on
a
tax
form,
because
if
it's
fully
depreciated
on
an
irs
section
179
and
taking
the
deductions
they've
taken
that
against
income,
as
you
know,
so
my
only
thing
is
that
we
be
consistent,
and
that
I
mean-
and
I
understand
why
we're
here-
is
to
bridge
that
gap.
G
But
I
certainly
don't
want
to
be
putting
ucc
liens
on
fully
depreciated
equipment
that
has
no
scrap
value
from
a
business
standpoint
and
number
two
very
long
rates
to
repay
when
most
banks
only
give
84
months
or
even
less
for
working
cal
without
assets
to
cover
that.
That's
all
I've
got
to
say,
and
I
just
wondered
if
there's
a
time
when
we
could
have
a
work
session
to
take
a
look
at
those
terms.
H
Businesses
that
wouldn't
qualify
for
a
bank
loan.
We
are
here
working
with
mountain
booths
and
non-traditional
lending
agencies,
because
this
agencies
are
able
to
provide
a
longer
term
and
other
financing
opportunities
that
they
could
not
get
at
a
bank
and
to
be
sitting
here
discussing
collateral
and
ucc
liens
and
the
length
of
the
loan
I
understand,
but
to
take
it
to
the
level
where
it's
being
taken.
H
It
seems
to
me,
like
it's
a
waste
of
everyone's
time,
because
this
is
what
we're
here
to
do.
This
is
what
martin
luther
king
says.
This
is
why
carolina
small
business
development
sales
business.
Why
other
agencies
other
cdfis
exist?
If
it
wasn't
for
those
cdf,
these
businesses
would
not
have
loans.
These
businesses
would
not
have
their
their
business
made.
Even
you
know
so,
giving
them
a
96
month
where
they
can
have
a
payment
that
they
can
afford.
H
B
B
Let's,
let's
bring
this
back
rosanna
and
d:
let's
bring
this
item
back.
I
see.
Jeff
has
his
hand
raised
what
I'd
like
to
do.
What
I'm
hearing
is
a
likely
general
support
for
for
this
program
and
we
can
vote
on
that
to
see,
because
that
is
something
we'll
have
to
do
today.
If
there's
a
need
for
additional
discussion
about,
you
know
how
we
view
assets
and
different
types
of
businesses.
I
think
that's
perfectly
fine
for
a
future
discussion
and
something
I
don't
think
it
hurts
us
to
talk
about.
L
Yeah
thanks
samia.
I
wanted
to
gonna
bring
this
part
of
the
conversation,
maybe
to
a
further
agenda
item
or
second
meeting,
not
part
of
the
regular
monthly
meeting
where
we
at
the
regular
regenerative
special
meeting.
L
But
I
hear
I
hear
both
sides
of
it
and
I
think
they're
both
valid
when
you
consider
just
almost
briefly
say
that
we
need
to
look
at
loans
with
a
healthy,
skepticism
and
realism
that
these
bring
into
the
table.
We
absolutely
have
to
you
know
we.
This
is
a.
We
don't
want
to
be
just
a
feel
good
in
rubber
stamp
committee.
L
We
should
add
some
rigor
to
the
approval
of
you
know:
clones
that
are
coming
from
taxpayer
guarantees,
on
the
other
hand,
that
this
is
the
last
chance
for
entrepreneurs
and
that's
why
our
our
fund
exists
and-
and
you
know
we
we
do
exist-
to
provide
collateral
support
for
those
who
otherwise
couldn't
get
it.
L
So
there
needs
to
be
both
sides
equally
represented,
but
I
think
at
the
end
of
the
day,
when
you
know,
if
there's
a
scale
here,
this
is
the
last
chance
for
so
many
founders,
whether
it's
collateral,
criminal
history,
immigration
status,
credit
score,
that's
why
we
exist,
it
doesn't
mean
we
should
look
at
just
rubber
stamp
things.
It
means
we
should
add
the
rigor
and
thoughtfulness
to
it,
but
yeah
understand
why
we
exist
so
anyway,
with
that
it
sounds
like
outside.
F
Jeff,
I
want
to
say
just
something
really
really
quick.
I
do
want
to
say
that
when
it
comes
to
terms
when
it
comes
to,
you
know
what
kind
of
lien
we
put
on
the
business
that
falls
under
the
lender's
underwriting
guidelines.
F
So
I
don't
really
think
that
that's
something
that
the
that
should
be
discussed
or
decided
in
the
committee,
because
those
terms
were
set
for
a
reason
and
those
terms
were
set
to
watch
their
cash
flow.
So
that's
what
the
business
could
afford.
That's
what
the
repayment
could
that's
what
the
business
could
repay
so
anyway,
just
wanted
to
put
that
out
there
real,
quick.
L
No
you're
absolutely
right,
gosling,
let's
bring
in
an
important
point
that
we
have
professionals
right
and
organizations
and
cdfis
that
that's
their
whole
job
and
right.
It's
not
our
job
to
describe
terms
it's
just
approving
the
loan
or
not
and
then
trigger
points
and
understand
moratorium.
So
anyway,
this
is
a
really
important
discussion.
I'm
glad
that
it's
being
brought
up-
and
these
points
are
being
addressed
and
I'll,
make
a
note
to
at
a
special
meeting.
L
It's
great
regarding
this
might
get
to
perhaps
how
we
do
the
process
of
proposing
alum.
Maybe
this
form
that
we
use
again
needs
to
be
revamped
and
and
changed
as
again.
I
don't
we're
not
a
fully
baked
committee,
we're
still
figuring
this
out
as
we
go
sometimes
and
says.
We
should
keep
in
mind
that
flexibility
is
our
advantage
now.
D
We
have
a
hand
up
yes,
one
quick
question
as
part
of
that
special
meeting
that
85
guarantee
percentage
is
that
like
set
in
stone?
Is
that
something
we
can
kind
of
negotiate?
I
think
maybe
part
of
what's
giving
a
few
folks
pause
here
and
me
included,
is
just
kind
of
the
size
of
the
loan
and
and
85
of
that
being
63
000,
which
is
half
of
our
loan
balance
left
and
then
that's
maturing
pretty
much
in
the
next
eight
or
nine
years.
So
it's
gonna
take
a
while
to
recoup
that.
A
E
B
And
what
I
what
I
will
say
maui,
because
I
we've
certainly
chased
this
a
bit,
and
I
think
this
is
something
we
need
to
continue
to
discuss
and
especially
in
the
context,
not
of
necessarily
where
we
are
today,
but
where
we're
planning
to
go,
and
you
know
there,
there
have
been
proposals
to
expand
funding
to
the
mccf
and
I
think
a
key
to
that
discussion
is
going
to
be
exactly
what
you
brought
up.
B
What's
the
right
percentages,
what's
the
right
level
of
risk-
and
you
know,
are
there
different
tools,
potentially
that
we
should
be
introducing
that
you
know
account
for
more
or
less
risk?
And
so
I
think
that's
exactly
the
right
question
something
I'd
love
to
talk
about,
and
it's
certainly
on
the
agenda.
So
that's
a
that's
a
non-answer,
but
it's
something
we
need
to,
especially
if
we're
talking
about
expanding
funding.
L
So
if
I,
if
I
may
jump
in
well,
I
have
a
note
actually
on
here
to
bring
up,
mccf
and
arpa
and
and
how
that
plays
into
it
in
the
I
guess,
the
last
part
of
the
agenda
for
the
the
round
around
the
table
updates.
L
If
that's
okay,
I
want
to
be
aware
of
our
time
and
come
back
to
that
topic
and
bring
this
issue
two
ahead
to
a
vote.
If
there's
a
motion
either
way
on
this
loan
before
we
get
into
the
quarterly
report
and
we'll
save
that
we'll
come
back
to
the
roundtable
updates
tim
at
the
end,
there
yeah.
B
Well
I'll
motion
to
approve
this
loan
guarantee,
I
think
I'm
hearing
the
questions.
I
think
there
there's
a
strong
revenue
and
profit
a
generation
over
multiple
years
in
face
of
certain
adversity
in
this
industry,
and
I
think
the
demographics
as
well
as
the
demographics
you
know
indicate
you
know
this
seems
to
be
the
type
of
business
that
we
should
be
supporting,
but
also
a
profitable
one.
So
I'm
motioned
to
approve
this
loan
guarantee.
L
L
Great
okay,
frank
welcome
as
a
city
representative,
so
by
show
of
raising
hands
all
voting
members
if
you'd
like
to
approve,
please
raise
your
hand.
F
Thank
you,
and
this
is
also
the
first
I
would
like
to
say
this
is
the
first
latino
loan
that
we've
done
under
mccf.
E
F
L
Very
good,
you
know
the
the
the
other
side
of
the
coin
is
like.
I
love
the
work
we
do,
but
I
wish
I
knew
what
business
was
so
I
could
support
them
right,
like
I'd
love
to
find
out
like
who
is
this.
Can
I
go
to
their
restaurant
and
nosh
on
some
delicious
food.
L
I
had
a
chance
to
glance
at
it
during
bath
time
with
my
son,
so
I
look
forward
to
the
presentation
today.
F
F
F
I
know,
there's
a
few,
a
few
board
members
that
may
have
not
been
when
that
that
loan
was
approved,
but
I'll
kind
of
get
to
it
to
that
one.
When
we
get
to
get
to
that
point,
so
there
is
one
loan
that
has
been
paid
off
loan
number
two
that
has
been
refinanced
by
loan
number
six,
so
it's
it
was
refinanced
and
into
low
number
six
as
refi
and
new
money
all
right.
F
F
I
know
that
we
could
only
do
loans
up
to
a
total
amount
of,
and
I
had
a
question
about
this-
I
believe
jesse
correct
me.
If
I'm
wrong,
I
believe
the
total
loan
balance
that
we
could
do
was
530.
F
Not
sure,
if
jesse's
still
here
I'll
kind
of
check
with
her
so
far
with
all
these
loans
and
the
active
guarantee
amount,
as
of
9
30,
which
was
yesterday,
the
fund
balance
is
133
thousand.
This
is
not
including
the
loan
that
was
just
approved
today,.
F
Okay,
so
most
of
these
loans
have
been
done
to
existing
businesses.
Only
three
of
these
have
been
done
to
new
businesses
and
the
new
means
businesses
that
have
been
under
operating
under
two
years.
Yes,
carl.
E
F
However,
in
2021
mountain
bis
works
along
with
other
partners,
created
a
program
called
the
catalyst
program,
and
with
that
program
we
are
able
to
offer
our
people
of
color
or
entrepreneurs
of
color
a
much
more
lower
rate,
so
go
on
and
on
about
this
program,
but
essentially
it
is
a
loan
and
I
can
actually
link.
I
can
actually
send
you
the
link,
so
you
could
read
a
little
bit
more
about
the
program,
but
what
it
is
it's
it's
a
loan,
a
10-year
loan
or
you
can.
We
can
shorten.
F
It
can
be
like
seven,
eight,
whatever
how
many
years
five
years,
we
can
kind
of
shorten
the
term,
but
for
the
first
five
years
the
loan
is
four
percent
after
that
anything
over
four
or
anything
over
five
years
jumps
up
to
eight
percent,
and
we
can
also
do
like
12
months
of
interest
only
or
six
months
of
interest
only
at
the
beginning
of
that
loan.
So
that's
why
you
see
the
jump
on
interest
rate
there.
F
Okay
and
of
course,
with
that
you
can
see
the
terms
here.
Most
of
these
are
10
years.
10
years
is
a
max
term
that
we
can
do
so.
Some
of
these
50
000
loans.
We
have
maxed
them
out
at
120
months
to
help
them
with
the
payments
and
cash
flow
purposes.
F
F
F
Yep,
so
most
of
these
have
been
african-american
or
black
loans
have
been
done
to
african-american
or
black
entrepreneurs,
and
when
I
was
salon
12
that
has
not
yet
been
closed
that
loan.
If
some
members
remember
that
was
part
of
a
much
larger
request,
and
that
was
that
was
a
loan
that
we
were
working
with
multiple
other
lenders.
It
was
over
a
million
dollar
deal
and
we
were
coming
in
as
a
small
part
of
it.
F
F
So
that
will
be
closed
this
month
and
that's
why
it's
not
to
be
it's
it's
still
pending.
However,
the
guarantee
dollars
have
already
been
added
to
the
fund
balance.
D
So
I
just
was
wondering
if
at
some
point,
if
we
could
add
some
of
the
risk
factors
to
this,
I
would
be
interested
to
see
you
know
as
kind
of
the
two
main
criteria
of
these
loans.
Is
that
someone
or
a
founder
who
doesn't
have
good
credit
score
or
they
don't
account
collateral?
D
It
would
be
kind
of
good
to
see
that
from
a
portfolio
view
like
how
we're
kind
of
meeting
those
objectives,
but
also
to
see
like
from
our
point
of
view,
you
know
we
don't
have
transparency
into
that
data.
How
essentially
risky
is
this
pool
of
you
know
ballers.
F
Okay,
what
we
could-
and
this
was
a
suggestion
that
you
know
this-
is
something
that
does
because
if
we
do
that,
there's
just
gonna
be
a
lot
more
columns
added
and
it's
just
going
to
get
bigger
and
bigger.
So
what
we
could
do
is
kind
of
come
up
with
some
kind
of
risk,
kind
of
assessment
or
risk
platform.
I
guess
to
see
like
one
two,
three
or
four
five:
how
to
see
how
risky
they
are,
and
that
way
you
guys
could
understand
a
little
bit
more.
F
D
F
Yeah,
essentially
I
mean
I
could
add
the
credit
scores
on
there.
That's
fine!
I
could
do
that
too.
Yeah.
L
C
H
C
F
I
will
actually
send
jesse
an
email-
I
I'm
not
like.
I
said
I'm
not
100
sure,
but
I
believe
that
the
total
amount
of
loans
that
we
could
do
could
not
exceed
530
000,
so
I've
I've
got
to
double
check
with
her
on
that.
L
F
I
think
I
believe
we
could
only
do
85
of
the
530,
which
is
450
something
like
that.
L
E
L
Math
rachel
is
I'm
going
to
trademark
that.
G
I'm
a
little
over
my
time
anyway,
just
wanted
to
just
make
a
note
that
that
was
one
of
the
things
that
we
had
in
the
sheet
when
we
attempted
to
put
together
a
rubric,
if
you
will
so
that
we
could
assess
each
loan.
G
The
credit
score
was
an
item
on
that
sheet,
the
one
that
went
out
last
night.
It
should
have
been
posted
on
that
sheet.
I
believe
there
was
a
space
for
that.
That
was
excuse
me.
It
was
on
there,
okay,
so
that's
what
I'm
referring
to.
I
didn't
see
it
because
I
was,
I
was
out
driving
last
night,
probably
didn't
see
it
this
morning,
because
I
was
still
driving
this
morning,
but
anyway,
that's
all,
and
I
and
I
think
you
know
into
points
that
have
been
made.
G
I
don't
bring
these
things
up
to
be
controversial
or
to
start
an
argument.
We
were
appointed
by
city
council
and
county
commissioners
to
have
healthy
skepticism
and
to
protect
this
public
money.
So
when
we
bring
anything
up,
it's
not
like,
in
my
case
a
lot
of
times.
It's
not
to
be
contingent
con
or
contest
anything.
It's
just
merely
to
make
the
process
better
and
to
make
it
more
accountable,
and
I
I'm
not
saying
that
people
who
aren't
professional
are
doing
this.
G
I,
I
don't
think
we're
put
here
to
rub
a
stamp
or
anything
either.
So
I
would
just
say
that
and
just
say
that
it's
all
in
the
the
spirit
of
of
open
transparency,
I'm
not
trying
to
be
difficult.
I
know
you
have
to
think
about
angry
black
women,
but
I'm
not
one
of
them.
I'm
a
very
thankful
person
and
I'm
thankful
for
the
lone
pool
this
mountain
community
capital
fund.
So
that's
all
that
I
would
say
it's
all
in
the
spirit
of
why
we
were
put
here.
F
I
did
want
to
note
that
we,
you
know
with
the
loan
that
was
approved
today.
We
do
have
two
others
that
are
will
be
closing
later
this
month
or
that
do
not
need
to
come
to
the
council
for
approval.
There
aren't
they're
under
under
35
000..
So
with
that
we
have
about
34
000
left
in
the
in
the
getting
people.
L
It's
a
great
segue
to
our
next
topic.
Before
we
talk
about
that
joseline.
Would
it
be
possible?
Is
there
a
requirement
of?
Why
is
this
sent
out
as
a
pdf,
and
this
is
my
own
personal
curiosity?
If
I
could
have
this
as
a
spreadsheet
or
a
csv
or
excel
file?
I'd
be
curious
about
running
some
of
the
payback
percentages.
F
I
can
send
it
to
you
and
I
can
send
it
to
tim.
I
don't
I
wouldn't
feel
comfortable
sending
it
to
everyone
just
because
I
don't
want
to
have
a
lot
of
edits
in
there.
F
F
Yeah,
I
can
definitely
do
that.
I
can
send
you
yep
I'll,
send
it
I'll
send
that
on
your
way.
One
thing
I
did
want
to
mention
was
that
you
see
on
the
checks.
F
We
have
not
mailed
all
the
checks
to
self-help
and
that's
been
because
there's
just
been
a
miscommunication
of
who
to
send
it
to
and
where,
over
the
over
the
top
the
years
and
then
yeah,
so
those
will
be
sent
and
that
the
fund
balance
does
include
the
fee
amounts
on
the
on
the
checks
as
well,
so
those
will
be
sent
to
self-help.
I
just
need
to
confirm
with
jessie
or
tara
on
who
or
where
to
send
them.
L
F
C
This
is
rachel
I
would
like
to
chime
in
just
briefly,
I
mentioned
before
the
meeting
to
angelica
the
website
updates
that
we
approved
last
meeting.
C
The
borrowers,
the
leveraging
those
kinds
of
pieces.
L
B
B
We
also
have
a
racial
equity
action
plan
and
in
many
of
these
plans
you
know
we
have
specific
performance
measures
that
we're
tracking
against,
and
so
one
in
particular
that
relates
to
this
work
would
be
you
know:
business
growth,
business
ownership,
jobs
associated
with
small
businesses
owned
by
you,
know,
people
of
color,
women-owned,
businesses,
etc,
and
so
would
love
to
be
able
to,
as
rachel
said,
communicate
that
impact
and
but
also
tie
it
into
the
work
and
these
plans
that
we've
developed
here
at
the
county
and
I'm
sure
others
have
as
well
I'm.
B
L
Tim
rachel-
this
is
a
great
suggestion
and
given
the
fiduciary
status
of
the
city
and
the
county
to,
I
think,
I'm
hearing
a
nomination
for
a
subcommittee
chair
from
one
of
you
to
lead
the
annual
report
building.
I
think
that's
what
I'm
hearing
correct
me
if
I'm
wrong.
L
I'll
come
back
to
that
in
our
special
meeting
regarding
understanding
terms
from
our
lenders.
Any
other
comments
in
a
number
of
time.
I
apologize
for
that
in
the
round
table
updates
I'll.
Kick
it
off
and
say
things
are
looking
good
with
dogwood,
I'm
finalizing
some
items
with
self-help
and
so
we'll
finally,
hopefully
push
that
over
the
finish
line,
we
have
a
million
and
a
half
requests
out
with
the
county
for
arpa
and
on
tuesday.
Is
it
tuesday?
I
believe
the
fifth
is
the
next
pitch
for
the
commissioners
and
tim
rachel.
C
C
I
would
I
see
I'm
looking
at
frank,
because
I
know
the
city
has
opened
their
request
for
proposals
and
frank
can
speak
to
whether
or
not
this
project
might
align
with
the
city's
priorities
and
timeline
for
getting
that
in
my
assumption
would
be.
The
lenders
would
need
to
kind
of
get
together,
as
they
did
when
applying
to
buncombe
county
and
identify
a
lead,
applicant,
etc.
J
I'll
be
brief,
yes,
rachel.
Our
the
city's
arpa
request
for
proposal
was
posted
on
monday.
It
is
open
until
november.
First
there's
an
information
session
for
proposers
on
october
13th.
J
I
usually
have
this
document
open
almost
all
the
time,
and
I
don't
have
it
open
at
the
moment,
but
I
believe
there
is
some
there
may
be
a
possibility
for
an
application
there.
So
I
would
invite
you
to
spread
that
word.
Let
folks
know
that
it's
out
there
now.
I
actually
just
got
noticed
that
our
we've
had
41
viewers
of
our
tweet
about
the
arpa
fund,
so
we'd
like
to
make
that
a
lot
bigger
but
and
like
like
rachel
mentioned.
J
L
Frank
not
to
hold
you
to
it,
but
I'll
share
where
I'm
thinking
this
proposal
lands
is
dogwood
proposal
was
for
five
hundred
thousand
and
proposal
with
the
county
is
one
and
a
half
million,
and
so
I
I
expect
our
proposal,
the
city
to
fall
somewhere
between
those
two
numbers
is
that
in
the
right
ballpark
for
you,
what
your
your
expectations
might
be.
J
L
If
I
may
ask
more
clarifying
question,
is
it
possible
to
ask
for
let's
call
it
a
million
and
be
told
we
can't
give
you
a
million
we're
going
to
give
you
750
000?
Is
it
possible,
is
it
an
all
or
nothing
or
could
there
be
a
negotiation
between
the
the
council,
deciders
and
the
applicants.
J
C
What
I
would
say
jeff
is
that,
because
it's
a
official
procurement
process,
there's
a
way
to
submit
questions
and
asking
about
partial
awards
is
a
really
good
question
that
would
be
worth
submitting
either
at
that
in
person.
At.
K
L
That
was
well
played
as
just
a
humble
private,
citizen
and
private
industry.
Thank
you
for
your
consultations
and
advice
and
guidance
through
these
transparent,
equitable
public
processes.
Any
other
roundtable
updates
anyone
else
anything
you
want
to
share.
L
L
Any
other
roundtable
updates
from
the
committee
angelica
do
you
want
to
talk
another
chance
to
plug
pathways
to
grow?
Applications
are
open,
spread.
The
word
anything
else.
A
Sure
yeah,
thank
you
for
thinking
of
me.
Yes,
our
applications
for
avl
pathways
to
grow,
which
I
spoke
about
in
the
last
meeting,
it's
our
training
program
for
women
and
small
business
owners
of
color,
and
we
are
looking
for
businesses
who
are
somewhat
established,
like
it's,
not
necessarily
a
training
program
for
just
any
business
or
startups.
A
It's
more
geared
towards
people
who
like,
for
example,
the
criteria
are
that
they
should
be
making
at
least
150
000
a
year
in
revenues.
Up
to
5
million
have
been
in
business
for
two
years,
and
I
don't
have
them
right
in
front
of
me.
But
you
know
it's
it's
a
it's
a
commitment
of
about
six
months,
bi-weekly
classes
and
meeting
a
little
bit
outside
of
class.
A
There's
assignments,
it's
pretty
intensive,
but
it
works
works
really
well
we're
partnering
with
enterprise
that
has
done
this
across
the
country
in
about
80
different
cities,
so
it
they
they
do
pretty
well,
and
we
are
especially
looking
for
businesses
that
are
looking
to
work
on
their
contracting
skills.
That's
another
big
strength
of
the
program.
A
So
if
you
could,
please
email,
sana
or
you
know,
refer
people
to
our
program
page,
I
think
and
feel
free
to
email
me,
but
I
think
I've
shared
with
everyone
here,
the
program,
information
and
everything
and
the
webpage,
but
I'll
put
it
in
the
chat
in
the
moment
as
well
the
application
page.
If
you
all
want
to
share
that
out,
we
would
love
to
we're
getting
some
applicants.
We
have
limited
space
available,
so
please
refer
qualified
applicants
our
way.
Thank
you.
L
A
Yeah,
thank
you
and
one
last
thing:
the
applications
do
close
next
friday
october
15th
thanks.
L
Very
good,
any
other
updates
anything
else.
For
the
group.
L
Okay,
frank
great,
to
meet
you
good,
to
see
everybody
and
we'll
see
you
be
on
the
lookout
for
emails
coming
out
regarding
invites
to
a
special
meeting
ahead
of
the
next
monthly
meeting.
Thank
you
very
much.
Thank.
A
Oh,
it's.
L
I
still
I'm
excited
for
the
day
that
we
have
one
we're
yeah
and
then,
with
that
the
motion
to
adjourn
or
do
I
just
adjust.
L
Rachel
how's
this
work
we
got.
I
got
a
second
okay,
so
all
in
favor
of
adjourning
all
right,
okay,
fantastic
everyone
have
a
great
weekend,
we'll
talk
to
you
soon.
Thank
you.
Bye.