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Advantage Capital Community Development Fund, LLC
New Orleans LACDFI Awards for Advantage Capital Community Development Fund, LLC
NMTC (2009) - $70,000,000
Advantage Capital Community Development Fund will provide venture capital and private equity investments, as well as subordinated mezzanine and senior loans, to a variety of entrepreneurial companies located in low-income communities nationwide. NMTC allocation authority will allow Advantage Capital Community Development Fund to offer loans priced below typical market interest rates, subordinated loans, lower loan to value ratios, and non-traditional forms of collateral. Advantage Capital Community Development will also provide mentoring, financial counseling and advisory services to its portfolio companies through the service of its investment personnel as board members and advisors to such companies.
NMTC (2008) - $60,000,000
Advantage Capital Community Development Fund, LLC (Advantage) will provide risk capital to small and medium-sized businesses in order to generate economic development. Advantage makes venture capital and private equity (both equity and debt) investments in entrepreneurial companies located in low-income communities that have experienced high levels of economic distress. It also provides small business loans through its affiliate BizCapital. Debt financing will include interest rates at least 50 percent below market, or debt that satisfies at least five of the indicia of flexible or non-traditional rates and terms.
NMTC (2007) - $28,000,000
Advantage Capital Community Development Funds (ACCDF) received an allocation of NMTCS for use in the recovery and redevelopment of the Hurricane Katrina Gulf Opportunity Zone. ACCDF’s primary investment focus is entrepreneurial businesses that are not adequately served by traditional capital providers. ACCDF will structure its investment products in ways that take into account the particular problems that businesses in the affected region may have, and that provide incentives for businesses to locate (or in some cases relocate) to these devastated communities. To attract businesses to the region and to help those already there, loans will be priced with interest rates that are at least 500 basis points lower than typical market rates, and equity investments will be priced with lower than market hurdle rates.
NMTC (2005) - $50,000,000
The Advantage Capital Community Development Fund, LLC (Advantage Capital) The incentives offered by the NMTC program will allow Advantage Capital to make equity investments with lower targeted internal rates of return, and to provide mezzanine debt and other types of lending at interest rates of up to 400 basis points below market. Advantage Capital will also charge significantly lower fees, and will accept lower loan to value ratios and non-traditional forms of collateral.
NMTC (2002) - $110,000,000
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(0) - $0
Other Community Development Financial Institutions in Louisiana
ASI Federal Credit Union
Harahan
Capital One Community Renewal Fund, LLC
New Orleans
Dryades Savings Bank, FSB
New Orleans
Eagle Louisiana Federal Credit Union
Baton Rouge
Enhanced Delta Community Development, LLC
New Orleans
Liberty Bank and Trust Company
New Orleans
Liberty Financial Services
New Orleans
National Cities Fund, LLC
New Orleans
New Orleans Community Development Fund
New Orleans
NEWCORP Business Assistance Center
New Orleans
Red River Valley BIDCO, Inc.
Shreveport
Southern Mutual Financial Services, Inc.
New Iberia
Stonehenge Community Development, LLC
Baton Rouge
Whitney New Markets Fund, LLC
New Orleans
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