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From YouTube: Mountain Community Capital Fund
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B
We've
got
a
good
agenda
today,
we're
going
to
be
looking
at
voting
as
new
members
going
over
a
success
story
from
one
of
our
funding
initiatives
or
from
mountain
biz
works,
but
before
we
do
that,
we
need
to,
I
guess,
take
attendance
and
approve
our
minutes
so
to
take
attendance,
to
go
around
the
room
and
make
introductions
or
do
we
is
that
how
we
should
just
lynn's
nodding?
That's
that's
a
good
way
to
go,
or
should
I
announce
people
on
say,
president
voting
member
or
not,
and
where
you
represent
your
institution.
B
Well,
let's
do
that
so
I'll
just
to
make
it
things
easier
on
the
order,
so
I'm
not
sure
we'll
see
the
same
grid
I'll
just
go
through
and
say
your
name
if
you
could
say
hi
you're,
if
you're
a
voting
member
or
not,
and
if
you're,
representing
a
lender
or
not
or
participatory,
counter
kind
of
what
you're
doing
here
so
hi,
I'm
jeff
kaplan.
I
am
the
vice
chair
of
the
mccf
and
a
voting
member.
Thank
you,
lynn.
We'll
go
to
you
next.
C
B
B
E
Sam
powers
has
recently
retired,
and
so
I
will
be
I'm
actually
we're
on
the
agenda
to
be
voted
in
later.
As
voting
members
for
the
committee
right
so
I'll
be
assuming
sam
powers
position
on
the
committee.
B
F
Hi
guys,
I'm
jesse,
I'm
with
self
help.
We
are
a
lender
on
the
program
and
also
help
manage
or
just
hold
the
funds
for
this
program
as
well.
So
it's
a
good
thing
that
I'm
not
a
voting
member.
B
G
Good
morning
everybody
hope
everybody
is
well.
My
name
is
dee
williams,
and
I
am
the
president
of
d
williams
and
company
incorporated.
We
provide
technical
assistance
to
ethnic
minority
businesses
and
technical
assistance
as
well
to
non-profits
as
far
as
their
financial
activities
and
construction.
Estimating
activity
is
a
concern.
Thank
you.
B
H
Hey
good
morning,
everybody
sorry
about
the
call
in
I'm
scooting
around
to
meeting
the
meeting
this
morning,
tony
mcdowell
with
the
city
finance
department
of
replacing
barbara
whitehorn.
I
believe
dukeley
barber
was
the
member
before
me.
I've
been
the
interim
finance
director
for
the
last
couple
of
months
and
actually,
as
of
this
past
monday,
the
interim
part
of
that
is
going
away.
So
I'm
going
to
be
the
city's
finance
director
moving
forward
and,
like
mickey,
I
think
I'm
going
to
be
voted
in
later
on.
Hopefully,
that's
right,
so
thank
you.
B
Tony,
I
don't
know
if
you
saw
cause
you're
on
the
phone,
but
you
got
a
round
of
applause.
From
from
the
committee
welcoming
you
congratulating
you
on
your
new
role.
H
Well,
thank
you
all
very
much.
I'm
looking
forward
to
it.
B
Yes,
we're
glad
to
have
you
and
then
last,
but
certainly
not
least,
timothy
love.
I
B
Very
good,
thank
you,
so
I
believe
we
have
a
quorum
with
at
least
five
voting
members,
so
we
can
begin,
and
our
first
item
on
the
agenda
is
to
approve
the
march
minutes.
Hopefully,
everyone
had
a
chance
to
review
those.
They
were
very
well
documented.
Robin
did
a
great
job,
and
I
do
want
to
mention
that
robin
is
no
longer
on
our
committee.
Her
term
expired
and
she
chose
not
to
continue
so
we
do
have
an
opening.
Yes,
lynn,.
B
B
We
still
do
need
a
new
secretary,
though
so
we'll
talk
about
that
later,
lynn's
filling
in
today.
So
at
this
time
I
would
entertain
a
motion
to
approve
the
minutes
or
amend
to
the
committee.
B
Very
good
now
to
vote
on
on
screen
share.
We
ask
that
folks
show
their
cameras.
Tony
in
this
case,
if
you
want
to
speak
up,
first
show
a
hands
for
those
in
favor
of
approving
the
minutes.
B
Very
good
any
opposed.
B
Very
good
motion
passes
minutes
are
approved
and
I
do
realize
we
had
a
vote
before
we
brought
into
voting
new
voting
members,
but
that's
okay.
We
think
we're
still
kosher
on
the
numbers
wise,
but
now
that
brings
us
to
our
next
agenda
item
voting
in
tony
mcdowell
and
nikki
reed,
as
they
said
in
their
introductions.
B
So
with
that,
I
wonder
if
we
can
do
this
in
one
vote:
to
approve
both
or
do
we
vote
individually?
Are
your
party
as
one
I
think
so?
B
Okay,
so
I
would
say:
there's
a
motion
to
vote
in
twin
mcdowell
and
nikki
reed
as
the
city
staff
voting
members.
G
G
B
Thank
you
so
much
dee.
Do
you
have
a
second?
This
is
tim
love
all
second,
very
good,
thank
you
tim.
So
all
those
in
favor
of
approving
tom
mcdowell
and
nikki
reed,
as
voting
members
to
the
committee,
show
of
hands.
B
Okay
and
then
the
motion
passes
so
welcome,
congratulations.
This
is
a
lot
of
shifting
parties
and
and
and
positions
for
you
both.
So
thank
you
for
your,
as
we
would
say
in
the
entrepreneurship
world.
High
tolerance
for
ambiguity,
just
jump
right
in
and
add
some
value,
quite
entrepreneurial
of
you
speaking
of
entrepreneurs.
Let's
talk
about
our
third
agenda
item.
Success
story.
If
you
all
have
that
attachment
lynn
did
send
it
out
very
well
put
together
success
story.
B
Almost
a
case
study,
I
believe,
was
put
together
by
justin
justin
thompson
at
mountain
biz
works.
This
highlights
and
tells
the
story
of
c
fletcher,
hauling
calvin
fletcher's
entrepreneurial
dreams
becoming
a
reality.
B
We
have
10
minutes
dedicated
to
this,
so
we
can
go
up
to
10
minutes
on
discussing
or
sharing
insight
to
be
pulled
from
this
case
study
I,
for
one,
was
really
moved
about
this.
This
is
a
story
of
an
entrepreneur
who
was
called
a
technician,
role,
someone
who
was
doing
the
job
who
decided
you
know
what
I
can
do
this
for
myself.
B
B
E
I'll
just
share
that
in
an
update
to
our
planning
and
economic
development
committee.
A
couple
months
ago
we
had
the
honor
of
having
calvin
come
and
present
to
the
committee.
So
it
was
really
great
to
hear
from
him
and
hear
his
story
and
from
what
we
heard
it
sounds
like.
The
program's
really
worked
well
in
his
favor,
so
glad
to
hear
from
him,
and
it
was
a.
It
was
a
good
update
to.
J
C
These
kinds
of
success
stories
because
it
brings
to
life
the
work
that
people
are
doing.
I
think
it
also
can
serve
to
inspire
other
budding
entrepreneurs
who
think,
oh,
this
wouldn't
work
for
me
or
this
program
couldn't
be
for
me.
So
the
ceo
live
success
story
is
always
inspirational
to
other
people
who
may
want
to
follow,
not
necessarily
in
that
business
model,
but
just
to
become
a
business
owner
to
get
funding
and
to
grow
their
business.
And
then
you
know
open
up
unlimited
opportunities
of
wealth
for
their
families.
I
B
I
Or
anyone
really,
I
wonder
if,
since
this
is
public
and
some
folks
may
not
have
had
a
chance
to
to
read
the
success
story,
do
you
mind
just
summarizing
kind
of
the
business
and
the
story
just
high
level.
I
B
I'll
do
my
best,
to
paraphrase
and
not
read
it
word
for
word
or
I
could
nah.
I
can
do
that
all
right.
So
in
2008,
calvin
fletcher
owner
of
steve
fletcher
hauling,
was
driving
a
dump
truck
for
a
construction
company
working
long
hours
in
low
pay
for
the
state
of
north
carolina.
After
eight
years
he
realizes
he
had
what
he
needed
to
transform
his
skills
into
his
own
entrepreneurial
opportunity.
Had
the
work
ethic,
he
had
the
drive
and
he
had
the
plan.
B
The
only
thing
you
need
to
make
this
dream
a
reality
was
the
capital
to
do
it.
Mountain
biz
works,
I'm
going
to
skip
ahead.
A
little
bit
well
in
2017
took
his
business
plan
head
to
the
bank,
but
the
bank
wasn't
able
to
assist
as
they
don't
do,
loans
for
start
small
businesses.
They
liked
the
idea
and
recommended
calvin
contact.
Mountain
biz
works
with
resources
from
mountain
biz
works.
He
was
able
to
fine-tune
his
plan.
He
received
a
small
business
loan
to
get
the
business
up
and
running.
B
The
partnership
has
been
long
lasting
in
addition
to
the
loan.
Cal
was
able
to
get
capital
notice
for
the
start
of
cost,
but
came
up
along
the
way
to
growth
things
like
truck
repairs,
naturally
with
dump
trucks
from
trucker
paris
to
covet
lending,
even
to
funding
for
a
second
truck
when
it
came
time
to
expand
calvin
had
the
backing
he
needed
from
the
mountain
capital.
Mountain
community
capital
fund.
B
And
then
some
highlights
about
how
great
this
fund
is.
Let
me
see
what
else
we
can
say
in
his
own
words,
calvin
point
out
to
points
out
two
tips
to
those
like
him
who
are
ready
to
work
hard
for
their
dreams.
Do
your
homework
on
costs
and
make
sure
that
you
have
the
financial
backing
you
need
to
cover
the
unexpected.
B
B
You
know
now
I'm
not
reading,
but
I
feel
like
this
is
one
a
really
good
example
to
use
for
the
mccf,
because
it
shows
the
immediate
impact
funding
has
this
isn't
necessarily
a
long-term
investment
it
took
years
and
years
to
find
a
return.
You
know
this
was
an
immediate
cash
infusion
that
helped
him
grow
and
expand
to
meet
the
capacity
that
he
was.
I
guess
selling
for.
So
you
know,
there's
a
lot
to
learn
from
this
case
study
and
success
story
about
where
our
fund,
you
know,
really
shines.
D
Jeff,
I
just
want
to
add
based
on
this
story.
Thank
you
for
sharing.
That
is
that
I
see
that
often
that
new
businesses
just
need
that
one
loan
to
start
and
then
they
can
go
on.
Like
we've
seen
similar
cases,
I
actually
have
a
trump
trucking
company
that
we
gave
them
the
loan
for
one,
and
now
he
has
five
on
his
own.
He
didn't
ask
for
a
second
loan,
so
all
he
needed
was
just
that
one
time
loan.
D
B
Absolutely
absolutely
that's
great
jury.
You
know.
I
hope
that
this
is
not
the
last
success
story
we
hear
about.
I
hope
that
we
hear
many
many
more
from
the
loans
that
this
fund
guarantees
for
our
partners,
and
I
mean
we
should
really
take
another
moment
to
celebrate
this.
This
group
has
been
working
for,
I
think,
as
a
group
two
years,
and
before
that
I
mean
what
two
to
four
years
of
just
getting
this
fund
together
the
city
and
the
county.
So
this
is
a
momentous
occasion
to
celebrate.
B
B
B
B
We
have
a
hundred
and
sixteen
thousand
dollars
remaining
for
the
guarantee
of
the
fund,
and
so
that
is
the
ceiling
we
have
on
how
much
we
can
support
our
partners
in
lending.
Therefore,
the
idea
was:
are
there
other
community
partners?
We
should
be
approaching
to
discuss
joining
the
mccf
and
the
guarantees,
and
with
that
I'll,
kick
it
off
to
the
group
to
discuss
community.
I
I
I
think
they
candidly
said
their
their
top.
Priority
relates
to
equity
moving
forward
and,
while
small
business
growth
isn't,
you
know
clearly
a
a
health
concern
under
there's
clearly
offshoots
as
folks
are
able
to
you
know,
create
income
lead
their
own
businesses
and
the
impacts
to
their
to
their
health.
So
I
think,
there's
clearly
some
alignment
there.
I
I
do
know
that
dogwood
has
taken
some
efforts
to
streamline
their
grant
application
process
before
it
was
more
kind
of
open-ended
and
now
I
think,
there's
literally
a
a
button
on
the
website.
I
B
Thank
you
tim.
I
think
that's
a
really
smart,
easy
first
step
and
that
portal
is
it's
like
their
intake
form
right.
So
anybody
can
hit
the
button
on
the
portal
to
establish
inquiry
and
build
a
relationship
with
dogwood,
but
anybody
like
to
volunteer
to
maybe
take
a
draft
or
go
for
the
opening
of
the
application
in
that
portal.
B
I'll
volunteer
myself,
then
let
me.
I
B
Well,
in
that
case,
I
will
email
you
a
draft
of
the
application
before
it
submits
tim.
B
Glad
to
support
also
in
the
minutes
robin
had
mentioned
the
community
foundation
as
a
potential
community
partner
in
the
funding
pool.
I
actually
don't
know
much
about
the
community
foundation.
Does
anyone
else
have
insight
or
leaves
or
introductions
over
there.
G
The
person
that
you
this
is
dee
williams.
The
person
that
you'll
need
to
contact
is
virginia
dollar.
It's
a
community
foundation
she's
a
senior
program
officer.
She
is
usually
your
entree
in
if
you
get
funded
at
all,
so
that
may
be
a
good
first
step.
Her
name
last
name
is
of
course
dollar.
So
first
name
virginia
she'll
come
she
she's,
very
good
about
doing
site
visits
and
talking
to
you
and
all
of
it.
So
at
least
that's
been
my
contact.
B
G
I
G
I'm
also,
and
just
for
disclosure
purposes
involved
in
a
contractual
relationship
with
dogwood
health
trust,
so
I
just
wanted
to
mention
that
for
just
just
disclosure,
so
I
that's
appropriate.
Thank
you.
Yeah.
E
G
I
G
You
will
probably
need
one
tim.
This
is
d
again
and
I'm
sorry
to
interject,
but
generally
cf,
cf,
wnc
and
dht
both
want
letters
of
inquiry
or
interest
and
it's
typically
a
one-pager.
G
It's
typically,
you
know
asking
for
further
audience
with
them
or
whoever
their
program
officer
is.
That
would
be
a
smart
bet
and
generally
they'll
follow
up.
You
know
if
they're
interested
in
the
letter
of
inquiry,
then
they'll
follow
up
with
the
hard
dollar.
Ask
that
you
might
wanna.
G
B
That's
great
to
know
so,
as
for
collateral,
the
only
thing
I
can
pull
up
is
the
flyer
we
made
prior
to
the
yes,
the
october
2019
info
session.
We
had
at
the
edington
center.
B
So
I'm
not
sure
how
or
who
would
lead
the
creation
of
some
kind
of
document
I
mean
I
was
actually
trying
to
find
a
logo
for
the
mccf
just
this
week.
I
couldn't
find
one,
I
don't
think
one
exists.
B
So
as
far
as
I
guess
brand
documents
as
a
shared
program
by
the
city
and
the
county,
I
don't
put
my
nose
in
someone
else's
rows,
so
I'm
not
sure
how
how
those
partners,
maybe
one
of
them,
could
speak
to
house
like
this
could
be
created.
I
I'm
glad
to
chime
in
from
the
county
perspective,
you
know,
jeff.
I
can
share
kind
of
a
a
one
page
reformat
that
we
use
for
the
one
bunkum
fund
which
different,
but
you
know
similar
city,
county
partnership,
community
partnership.
B
Thank
you
lyndon
tim
yeah,
that's
great!
So,
when
we're
reflecting
on
these
two
community
partners,
we've
discussed
they're,
both
very
local
to
our
backyards.
Are
there
foundations
or
groups
statewide
or
regionally
that
we
should
be
looking
at
as
well.
I
I
B
That
dogwood
does
a
pretty
good
job
of
collating
and
sharing
grant
opportunities.
I'm
not
sure
if
the
two
you've
mentioned
are
included
on
that
list,
but
I
think
that
that
doesn't
preclude
the
other
that
we
could
be
looking
at
all
these
more.
G
This
is
d
again
sorry
to
interject,
but
mount
excuse
me.
Dogwood
health
trust
has
what
they
call
the
leverage
fund,
which
allows
you
access
into
other
foundations
that
are
outside
of
the
region.
So
you
may
want
to
ask
one
of
your
ass
may
not
only
be
for
investment
or
infusion
into
this,
based
on
its
merits.
G
That
you'll
cite
but
also
ask
them
to
accept
you
into
the
leverage
fund
and
as
such,
what
they'll
do
is
provide
a
professional
grants,
person
for
you,
pay
them,
and
then
that
will
give
you
access
to
and
the
golden
leaf
is
on
their
list
by
the
way
I
usually
get
it
once
a
month
and
they'll
send
it
to
you
whatever,
if
you're
accepted
into
the
leverage
fund
and
they'll,
also
provide
the
professional
grants.
G
G
I
don't
mean
to
get
off
on
a
technical
event,
but
I
just
want
to
provide
what
I
know
may
be
helpful.
That's
patient
capital,
as
you
well
know
it
has
the
ability
to
lend
their
monies
to
you
as
well.
I
So
I
would
like
to
have
a
discussion
about
the
existing
funds
and
how
those
can
be
further
leveraged
or
not,
and
we
don't
have
to
do
that
now.
We
can
do
that
after
we
talk
about
partners,
but
I
think
that's
a
question
that
I
think
I'll
need
to
be
able
to
resolve
at
least
internally
as
a
buncombe
county
staffer
before
we
could
make
an
additional
ask,
certainly
of
the
commission.
So
I
just
wanted
to
put
that
out
there,
but
we
can
get
to
it
when
appropriate.
B
I
think
that
does
dovetail
into
our
next
agenda:
item
of
revaluating
guarantee
percentages,
we're
trying
to
stretch
the
dollar
more
return
or
phrase.
So
thanks
for
bringing
that
up,
we
do
so.
We've
got
a
handful
of
agenda
items,
our
action
items
to
follow
up
with
on
this
agenda
of
identifying
community
partners.
Any
further
discussion
on
this
topic.
B
Otherwise,
it
looks
like
tim
is
going
to
be
working
on
a
one
pager
format
and
making
asks
of
accounting
to
get
into
the
design
queue
I'll
be
taking
the
first
draft
at
the
dogwood
portal
leverage
fund
and
program
related
investment.
Thank
you
again,
d.
Flow's
recommendations.
B
D
is
going
to
introduce
us
to
virginia
dollar
at
the
community
foundation,
and
I
will
also
because
it
plays
into
the
dogwood
component
as
well
I'll,
look
at
the
golden
leaf
and
arc
grants
and
try
to
put
that
list
together.
E
Just
one
quick
note,
brenda
shared
with
me
that
the
city's
designer
had
done
some
work
on
the
logo,
so
tim
and
lynn
I'll
share
that
with
you,
both
as
perhaps
a
jumping
off
point.
So,
okay.
B
B
The
setup
here
is
that
we
guarantee
85
of
the
loan
for
our
partners,
which
is
why
we
come
to
that
cap
of
a
hundred
and
sixteen
thousand
dollars
left
available
in
our
funding.
Pool
and
discussion
was
kicked
off
last
week
regarding
if
we
could
adjust
that
number,
which
may
need
a
bylaws
change
that
could
allow
us
to
theoretically
stretch
a
dollar
more
or
if
the
guarantee
was
lower.
We
could
be
lending
more.
It
would
free
up
more
of
the
cash
with
that
anything
else.
To
add
to
setup.
B
Yes,
jesse,
please.
F
Yeah,
so
I'm
looking
right
now
back
in
the
services
and
duties
agreement
just
to
confirm,
because
I
feel
like
I
remember
that
the
lending
amount
limit
was
based
on
total
loan
dollars,
as
opposed
to
just
the
guaranteed
percentage,
which
would
definitely
change
the
total
loan
volume.
Does
anybody
remember
that
off
the
top
of
their
head,
while
I'm
frantically
searching
for.
B
F
F
I
I
think
it's
a
good
discussion.
You
know,
depending
I
think
we
need
to
study
it,
though
my
read
on
it
is
that
the
guarantee
percentage
can
be
up
to
85,
which
is
like
the
coverage
for
the
cdfis,
but
the
key
being
up
to
or
a
maximum
of
85.
So
I
wonder
I
could
be
reading
this
all
wrong.
Maybe
we
should
get
legal
to
take
a
closer
look,
but
you
know
if
we
dropped
it
from
85
to
75
percent.
We've
suddenly
created
not
new
funds,
but
we've
we're
able
to
provide
additional
loan
guarantees.
F
So
this
is
what
I
want
to
flag,
because
I
think,
as
the
service
and
duties
agreements
like
according
to
the
language
there
and
again,
I'm
not
a
lawyer
so
definitely
worth
bringing
in
the
legalese
experts,
but
it
says
that
the
current
maximum
lending
amount
is
530
000,
which
would
be
loan
volume,
not
the
guaranteed
portion.
F
If
that's
the
case,
if
we
reduced
the
guarantee
percentage
that
wouldn't
change
our
total
loan
volume
currently,
so
it
wouldn't
technically
be
freeing
up
any
dollars
unless
we
go
back
and
look
at
our
leverage
amount.
So
that
being
like
us,
let's
assume
we
keep
the
85
guarantee.
I
don't
really
have
strong
feelings
either
way.
I'm
sure
I
could
develop
strong
feelings
in
some
case
or
another.
If
you
give
me
a
few
minutes,
but
let's
keep
the
guarantee.
I
think
the
question
that
we
need
to
be
asking
is
twofold:
a
do.
F
We
would
just
be
adding
more
dollars
to
the
pool
that
we
can
then
use
the
other
option
would
be,
and
there's
also
you
know,
a
combination
of
these
two
would
be
to
reevaluate
the
service
and
duties
agreement
come
upon
like
an
agreed
upon
incidents
and
then
decide
how
much
would
we
be
comfortable
leveraging
the
fund,
meaning
increasing
the
maximum
lending
amount
that
we're
okay
to
do
beyond
this
one-to-one
ratio
so
saying
that
we
could
do
like
a
two-to-one
ratio
or
whatever
that
would
be?
Does
that
make
sense.
G
I
have
a
question:
I
do
apologize
for
interjecting,
one
of
the
things
that
just
from
reviewing
the
last
meetings
minutes
and
participating
in
that
meeting
is
that
we
don't
have
a
lot
of
clarity
as
far
as
the
the
loans.
As
far
as
their
repayment
rates,
I
mean
they
get
a
almost
an
automatic
six-month
delay
on,
but
but
as
far
as
performance,
I'm
always
wanting
to
know
how
something
is
performing
that
way.
You
can
make
an
an
informed
decision
on
whether
or
not
to
put
more
dollars
into
the
fund.
G
Before
we
start
talking
about,
adding
total
dollars
to
the
fund
are
lowering
the
risk
rate,
because
risk
is
always
based
on
actuarial
tables
based
on
performance,
and
all
of
that,
so
we
have
to
have
data
to
make
informed
decisions
we're
just
going
precariously
by
you
know
it.
G
I
feel
good
talking
about
the
successes,
but
we
also
have
a
due
diligence
to
protect
what
we've
done,
what
we're
doing
and
to
know
exactly
how
this
fund
is
performing,
so
I
would
say
that
a
workshop
may
be
in
order
for
us
that
little
form
that
we
keep
talking
about,
that
we
never
seem
to
get
for
each
loan.
That
is
why
I've
been
pushing
so
hard
for
it,
because
it
will
not
only
give
you
demographics.
It
also
tells
you
about
how
they
perform
in
terms
of
a
lot
of
aspects
and
it's
cumulative.
G
G
That's
all
that
I
would
add.
Thank
you.
F
No,
I
think,
that's
a
really
great
a
much
better
stated
than
I
could
have
said
deep,
but
yeah
in
terms
of
thinking
about
leveraging
or
adding
dollars.
I
also
wanted
to
flag
that
there
are
certain
trigger
points
that
we
need
to
be
monitoring
at
every
committee
meeting
and
I'm
going
to
copy
and
paste
this.
F
F
Those
are
the
three
trigger
points,
and
these
are
actually
things
that
we
would
need
to
have
reconciled
anyway
as
we're
applying
if
we're
going
to
apply
for
additional
dollars,
because
that's
going
to
be
a
main
question
or
like
around
risk
tolerance,
because
one
thing
that
I
have
in
my
experience
in
working
with
loan
funds
like
this,
sometimes
it's
important
to
be
very
clear
and
make
sure
that
the
any
grant
that
everyone's
comfortable
with
the
same
level
of
risk-
and
that's
not
always
the
case,
and
sometimes
it
takes
some
convincing
just
because
people
aren't
super
clear
on
that.
F
But
a
lot
of
these
sort
of
trigger
points
and
and
loan
pieces
that
we
want
to
look
at
and
make
sure
that
d
mentioned
like
seeing
how
everyone's
doing
that's
data
that
I'm
fairly
certain
yes
lean,
can
definitely
pull.
And
I
think
I
saw
her
just
pop
up
too.
So
I'm
like
sorry
asleep
that
I'm
committing
you
to
things.
F
I'm
suspecting
stuff
that
they're
already
tracking
it's
the
kind
of
stuff
that
we
like
to
track
so
pulling
that
data
can
be
that's
a
doable.
A
B
Think
this
is
great
jesse.
Thank
you
for
having
that
at
the
ready
and
to
paste
that
into
the
chat.
Also
welcome
gasoline.
B
I
I
would
suggest
that
we
make
the
trigger
points
a
regular
part
of
our
agenda
every
meeting,
just
as
part
of
the
after
doing
the
minutes,
let's
get
into
the
running
worksheet,
just
let's
review
it.
Let's
just
make
that
top
of
the
meeting
to
get
levels
set.
G
Like
any
other-
and
I
do
hate
to
interject
again,
like
any
other
lending
committee,
we
need
a
base
of
data.
That's
the
only
reason
why
we
came
up
with
those
sheets-
those
informational
sheets
per
loan,
because
it
kind
of
gives
us
a
profile,
a
point
of
discussion
without
the
identity
of
each
lender
being
revealed
to
the
public.
G
Let
me
just
say
that
it
will
also
give
us
a
conf
a
comfortable
level
as
far
as
risk
tolerance
is
concerned,
and
then
it
becomes
so
important
when
you
go
out
to
foundations,
because
these
are
gonna
be
the
questions
that
they're
gonna
ask
I
mean
they
they
like
for
they
like
to
feel
good
too,
but
when
you
start
talking
about
a
program
related
investment,
even
though
it's
patient
money,
it's
a
rate
of
return
on
investment
and
it's
risk
from
an
actuarial
standpoint,
and
I
hate
to
get
so
yeah
outstanding,
unpaid,
principal
balance.
G
These
are
the
kinds
of
things
that
let
you
know
whether
or
not
these
loans
are
performing.
If
they've
been,
you
know,
they've
had
a
six-month
window
to
sort
of
get
on
their
feet
with
and
then
another
six-month
window
with
payment.
Excuse
me
interest
only
payments,
then
what
is
the
rate
of
return
or
flow
back
into
the
loan
pool?
You
know
there
has
to
be.
G
J
K
So
I
just
did
share
a
spreadsheet
spreadsheet,
with
lynn
on
all
of
the
current
loans,
the
balance,
the
original
amounts
and
the
dates
and
what
their
statuses
of
payment
is.
So
I
don't
know
if
lynn,
you
want
to
share
that
now
or
you'd,
rather
just
send
it
out
to
the
entire
committee,
but.
C
K
C
K
K
K
Okay,
so
here
is
the
current
data
for
all
of
the
loans
that
we
have
closed
and
fully
funded
the
payment
status
they're
all
current
close
date,
the
current
balance
that's
owed
and
as
well
as
the
maturity.
G
G
K
Really
something
that
we
have
been
calculating
because
the
loan
the
guarantee
was
for
the
entire
the
life
of
the
loan.
So
it
wasn't
something
that
we've
been
tracking
all
right,
so
yeah.
G
K
Way
as
long
as,
at
least
that's
not
what
was
on
the
guidelines
from
the
underwriting
procedures
and
the
the
entire
loan
guidelines,
though
so
the
program
guidelines,
so
that's
not
something
that
we've
been
tracking,
but
in
my
experience
I
know
that
there
was
a
conversation
about
maybe
releasing
some
of
these
releasing
some
of
the
guarantees
on
on
these
loans.
I
do
not
think
that
that's
probably
a
something
that
that
would
be
feasible
at
this
point,
especially
with
covid.
K
A
lot
of
these
clients
have
applied
for
disaster
relief,
which
has
allowed
them
to
also
make
their
payments,
and
you
know,
also
have
additional
capital.
So
it's
just
not
enough
data
to
for
us.
Okay,
you
can
go
ahead
and
you
know
you,
don't
you
don't
need
the
guarantee
behind
your
your
loan.
K
So
I
don't
I
don't.
I
don't
think
that
that's
seasonal
at
this
point,
removing
the
guarantee
amount
from
from
these
clients.
G
May
I
also
ask
god
I'm
just:
this
is
the
sheet
that
you
send
out
to
lynn
every
month
this
particular
itemization.
K
This
is
not.
This
is
what
I
create
that
this
is
what
I
we
pulled
from
our
directly
from
our
loan
managing
site,
so
that
I
could
send
it
to
you.
G
Okay,
so
what
about
the
sheet
that
we
came
up
with
as
a
group
with
the
not
only
the
demographic
data,
but
also
some
of
the
questions
that
that
you
know
that
we
I
mean
I've
been
pushing
that
thing
for
so
long
now,
it's
just
getting
old
and
you
know
it.
G
Use
the
sheet
that
jane
and
I
came
up
with
were
like
race
year
of
business
origin.
Where'd,
you
get
the
the
information
schedule
c
partnership
return.
Was
it
depreciation.
K
G
Okay,
so
I'm
not
really
sure
was
it
sent.
Was
it
sent
this
time
because
I
must
have
missed
it?
It
was
sent
this
time
right.
There
are.
K
G
Okay,
I
guess
what's
happened,
is
I
don't
have
that
sheet,
because
we
were
talking
about
redoing
it
if
it's
redone
I'd
like
to
get
a
couple,
people
from
this
advisory
board
or
operating
committee
involved
in
the
revamp
of
that-
and
I
would
also
like
to
put
in
I've-
had
some
numerous
issues
with
my
I'm.
Not
even
gonna
go
into
it
with
this
these
computer
systems,
I
got
all
around
me.
I've
had
some
real
issues,
security
issues.
G
I
would
like
to
make
a
request
that
every
loan,
the
sheets
that
jane
had
jane-
and
I
came
up
with
be
sent
to
me
on
each
loan
and
with
the
breakdown,
the
demographic
breakdown
as
well.
G
K
C
Thank
you
jeff.
I
almost
lost
my
thought
so
to
kind
of
answer,
miss
dee's
question
we
haven't
really
been
receiving
the
sheets
when
jasmine,
when
yazlin
presents
yazleen,
will
usually
share
her
screen
and
we'll
have
it
up.
We
haven't
been
getting
them
an
email,
so
you
haven't
missed
them.
We
just
haven't
been
getting
them.
C
So
if
you
want
us
to
start
getting
those
sheets
in
advance
of
the
meetings,
we
can
do
that
and
I'll
just
work
with
yazlane
and
getting
them
to
me
or
jeff,
and
we
can
send
them
out
or
going
forward
because
we're
coming
up
on
where
we'll
be
electing
officers.
So
it
may
not
be
me,
but
whoever
the
chair
will
be
will
get
those
out
to
the
group
at
large.
B
C
Yeah
you're
right,
I
have
not
received
either,
but
I'm
talking
about
the
loan
presentation
sheets.
We've
only
been
showing
those.
I
think
we
had
conversations
about.
C
If
we
wanted
to
send
those
out
to
everybody,
I
can't
remember,
but
if
we
want
to
go
forward,
if
everybody
wants
those
loan
presentation
sheets,
we
can
get
them
to
you,
and
then
we
had.
I
think
we
talked
in
prior
meetings
about
wanting
to
make
additions
to
the
tracking
sheet
to
kind
of
have
more
information,
and
I
see
it
looks
like
it
was
a
little
different
in
this
presentation.
C
Jazlyn
has
with
her
current
and
their
loans,
and
I
think
we
were
talking
about
that.
So
maybe
we
can
have
a
conversation
about
what
we
want
on
that
sheet
specifically
going
forward,
and
if
you
wanted
those
loan
presentation
sheets
or
not,
you
all
can
discuss.
If
you
want
to
get
those
in
advance
for
the
meetings.
G
We
made
a
discussion,
we
made
a
decision
about
those,
and
I
know
folks
and
the
city
attorney
even
reviewed
those
for
pii
and
they
were
considered.
G
Okay,
I
don't
know
what
the
issue
is,
because
one
of
the
things
that
we
don't
have
when
you
say
people
of
color,
the
sba
has
definitions
of
ethnic
minority
businesses
and
we
don't
even
have
that,
so
that
sheet
does
at
least
provide
that
it
talks
about
where
the
information
is
coming
from,
whether
it's
schedule
c
or
1065,
whether
it's
depreciation
income
that
shows
a
perform
performing
loss
or
whatever
those
are
specific
things
that
can
be
used
to
assess
where
a
business
is
so,
it
was
not
put
together
just
to
be
putting
together
for
fun.
G
B
Oh
very
good,
thank
you
dee,
so
it
sounds
like
we
have
an
action
to
follow
up
on
building
what
our
historic
tracking
document
looks
like
based
off
of
the
oslin's
document
of
the
loans
mountain
bizarres
made,
and
I
would
also
suggest
we
include
jessie's
in
the
chat
that
the
triggers,
I
think
one
without
the
other,
doesn't
give
us
a
lot
of
data
to
make
decisions
from.
So
you
need
a
whole
holistic
picture
here.
B
How
does
the
committee
feel
about
that
is
one
of
our
next
action
items
to
go
to
more
robust
tracking
document.
Even
if
it's
not
the
same
sheet,
that's
okay!
It
could
be
one
workbook
with
multiple
tabs.
I
think
we
can
all
figure
that
out
to
just
pull
the
information,
we
need
to
make
the
decisions
and
understand
our
historic
progress.
C
I
agree,
I
think
it's
it's
time
that
we
do
that
as
we
start
building.
You
know
this
was
a
new
thing
for
us,
a
new
fund,
a
new
concept,
so
to
speak,
so
we're
learning
as
we
go,
but
I
think
now
we've
got
two
years
under
our
belt.
We
know
where
we
want
to
go
and
what
we
need.
B
Yeah,
certainly
if
we're
going
to
be
going
to
funders
to
you,
know,
increase
our
potential,
then
we're
going
to
need
to
back
it
up
with
some
claims.
So
yazlin.
If
I
may
not
put
you
on
the
spot,
but
as
the
holder
of
most
the
information
regarding
the
fund
and
performance
and
some
of
those
trigger
points
like
delinquent
loan
percentages
and
credit
loss
to
fall
percentages.
K
So
I
mean
I
don't
really
know
what
else,
what
other
tracking
they're
going
to
provide
the
sheet
that
I
provided.
Essentially,
that
would
if
there
was
a
delinquent
loan
and
there
was
a
certain
amount
that
was
delinquent,
it
would
show
on
that
report.
So
that
would
be.
I
could
definitely
share
that,
whether
that's
quarterly
or
annually
with
the
committee
to
keep
you
guys
up
to
date
and
of
course,
whenever
there
is
a
loan
that
does
become
delinquent,
that
will
be
addressed.
G
Okay,
so
what
you're
saying
oslane-
and
I
think
I
hear
the
committee
saying
that
they
would
like
to
have
better
tracking
mechanisms-
is
that
possible?
Can
you
provide
that
in
the
sheet
that
jane
and
I
worked
on
as
well
as
what
the
committee
might
come
up
with
so
because
we
are
going
to
be
held
accountable
for
this?
We
are
the.
G
Well,
you
have
a
little
sheet
there
that
does
that,
but
in
in
addition
to
the
little
sheet
that
you
have,
which
is
fine,
we
would
like
to
have
the
sheet
with
the
overall
yeah.
K
The
loans
that
have
been
already
created
and
funded.
F
Yeah
would
just
so
that
I
can
make
sure
that
I'm
on
the
same
page
as
everyone
else
does
someone
have
a
copy
of
this
or
d.
Do
you
have
a
copy
of
the
data
sheet
that
you're
talking
about,
because
when
I'm
pulling
up
in
the
files,
I'm
seeing
a
couple
of
different
iterations,
and
I
just
want
to
make
sure
that
I'm
operating
with
this
the
same
final
version
as
everybody
else.
G
F
Thanks
dee,
thank
you
and
jason.
I
don't
know
that
you
necessarily
necessarily
need
any
help
with
this,
but
if
you
do
want
help
with
sort
of
consolidating
some
data
or
coming
up
with
an
easier
to
use
version,
I'm
happy
to
play
around
with
formats
with
you
just
so
that
it's
not
all
on
your
shoulders
to
turn
around
real
quick.
Thank
you.
I
And
to
to
add,
I'm
glad
to
participate
as
well,
but
I
think
what
jazlyn
I
think,
what
jesse
introduced
today
were
a
handful
of
trigger
points
that,
to
me
just
look
like
calculations
based
on
the
data
you
already
have,
so
I
I
think
that's
all
that
is
being
introduced,
that's
new!
From
my
perspective
as
an
example,
you
know
delinquent
loans
as
a
percentage
of
outstanding
principal.
I
You
know
that
percentage
would
be
zero
because
we
have
no
delinquent
loans,
as
I
understand
it,
but
just
creating
those
metrics
that
are
calculated,
I
think,
is
all
we're
really
talking
about.
If
anyone
differs,
please.
B
A
C
I
wanted
to
go
back
to
yazleen
when
she
mentioned
us
removing
guarantees.
I
think
if
you
could
expand
on
that
a
little
more
and
I
think
we've
been
talking
about
lowering,
not
necessarily
removing
all,
but
do
you
see
the
same
problem
if
we
were
to
talk
about
lowering
the
percentage
of
a
guarantee
on
the
loan.
K
I
do
like
I
said
I
we
have
not
have.
We
have
not
had
enough
information
to
really
make
a
decision.
As
to
you
know,
these
loans
are
going
to
be
successful
or
not.
I
mean
we
really
only
the
longest
loan
that
we've
had
is
about
a
year.
So
there's
just
not
enough.
I
guess
payment
history
to
make
the
decision.
K
I
mean,
and
in
the
last
year
hasn't
been,
you
know
the
greatest
year
so
due
to
that
too,
I
don't
excuse
me.
I
don't
think
at
this
point.
It
really
would
be
okay
for
us,
or
we
wouldn't
feel
comfortable
with
lowering
that
guarantee.
At
this
point.
I
So
you
know
all
right:
jeff.
B
As
I
said,
we've
got,
we've
got
10
minutes
over
a
lot
of
time
for
this
budget
for
this
agenda
item.
So
I
want
to
be
aware
that
we,
our
meeting,
does
wrap
in
five
minutes
at
10
30..
I
think
it's
all
very
good
and
worthwhile
discussion.
It's
an
important
one
to
have
there
any
final
thoughts
on
this
topic,
which
began
as
rebound
when
re-evaluating
the
guarantee
percentages
on
loans.
I
I'd
like
to
just
chime
in
quickly
I
I
would
like
to
have
a
conversation
or
not
a
conversation,
a
meeting
I
think
jesse.
I
think
you
need
to
be
a
part
of
that
I'd
like
to
be
there
and
anyone
else
is
welcome
to
kind
of
look
at
the
services
and
duties
agreement
and
identify
kind
of
what
we
think
is
possible
or
what
potentially
will
hold
us
back
in
the
future.
I
You
know,
as
I
heard
jesse
describe
it,
you
know
if
our
total,
if
we
believe
that
our
total
loan
amount
is
somehow
restricted
by
this
services
and
duties
agreement.
I
think
that's
something
we'll
have
to
tackle
anyway.
I
If
we
want
to
be
continue
to
move
forward,
I
don't
think
we
want
to
be
capped
at
530
000
in
total
loans.
I
think
we
would
want
that
to
be
more
open-ended
as
long
as
it's
supported
financially
through
you
know
those
core
funds,
so
I
think
that's
a
I'd
like
to
do
that
as
a
small
group.
If
there's
anyone
that
would
like
to
join
jesse-
and
I
of
course
welcome-
but
that
way
we
can
bring
something
back
to
the
group.
I
H
H
E
Sure
agreed-
and
I
know
tony
we
had-
we
do
have
an
orientation
with
rosanna,
but
I
think
I
would
certainly
benefit
from
it.
So
I
appreciate
that.
H
B
Very
good,
thank
you
tony.
So
wrapping
up
it
sounds
like
we're
gaining
more
and
more
action
items
out
of
this
meeting,
which
I
take
is
a
sign
of
a
very
productive
committee.
So
I
I
am
encouraged
and
optimistic
lynn,
since
you
are
taking
the
minutes.
I
think
that
after
this
you
and
I
will
hopefully
share
this
over
email
and
then
do
a
recap-
email
folks,
before
the
minutes
go
out
within
the
next
by
monday,
probably
of
action
items
before
the
next
meeting.
B
Yes,
it's
always
the
it's
today,
the
the
second
friday
of
the
month.
Okay,.
B
Our
next
agenda
item
was
a
loan
presentation.
Jason
says
no
loans
to
present
from
mountain
biz
works.
Do
any
of
our
other
lenders?
Have
a
loan
to
present
today.
B
Didn't
think
so,
right,
okay,
so
we'll
move
on
the
list
of
loans
jason
did
share
with
us
that
looks
like
it
did
not
change
from
the
last
meeting
is
that
right.
B
B
Very
good,
and
then
the
last
item
here
says
portfolio
manager,
I'm
not
sure
what
that
agenda
item's
actually
referenced
too.
Now
that
I'm
looking
at
it.
Okay
in
that
case
is
there
is
anything
else
from
the
committee.
If
there's
not
we'll
move
on
to
public
comment,.
B
B
Very
good,
thank
you,
nikki,
all
in
favor
of
adjourning,
okay,
very
good.
We
are
adjourned.
Thank
you.
Everyone
for
your
time
have
a
wonderful
rest
of
your
friday
and
a
great
weekend,
lynn,
I'll
connect
with
you
offline
to
make
sure
we
recapture
all
the
action
items
are
going
to
go
out
over
an
email
all
right.
Thank
you
all.
So
much
have
a
great
day
take
care
thanks.