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Travois New Markets, LLC
Kansas City MOCDFI Awards for Travois New Markets, LLC
NMTC (2009) - $80,000,000
Travois New Markets, LLC will use its allocation to help Native American communities, including rural reservations and highly distressed urban communities with significant Native American populations, to export goods and services and meet local needs. Travois offers low-cost, deeply subordinated debt with equity features and loans at interest rates 50 percent below market with terms including 100 percent loan to value (LTV) ratios, non-traditional collateral standards, and other flexible features. This allocation will help Travois New Markets enhance its product offerings and improve its services to Native American low-income communities.
NMTC (2007) - $30,000,000
Travois New Markets (“Travois”) will use its NMTC allocation to provide low-interest, subordinated debt capital to QALICBs in Native communities. Travois will focus on businesses that export goods and services off the reservation, as well as those that fill unmet local needs; ranging from grocery stores to wireless communication technology providers to ethanol plants. Its loans will support the construction or expansion of these businesses’ facilities as well as the purchase of furniture, fixtures and equipment. Travois will offer loans with interest rates up to 50 percent below market, and terms including seven-year interest-only payment periods and 100 percent loan-to-value ratios.
Other Community Development Financial Institutions in Missouri
Central Bank of Kansas City
Kansas City
Choices Federal Credit Union
St. Louis
Great Rivers Community Capital
St. Louis
HFHI-SA NMTC I, LLC
St. Louis
MBS Urban Initiatives CDE, LLC
St Louis
Missouri Family Credit Union
Independence
St. Louis Development Corporation
St. Louis
Travois New Markets, LLC
Kansas City
USBCDE, LLC
St. Louis
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