Community Improvement, Capacity Building

Pathway Women's Business Center (Southeast Community Capital Corporation)

  • Nashville, TN
  • www.PathwayWBC.org

Mission Statement

The Pathway Women's Business Center mission is to serve as an educational platform forum for training, education, and peer learning that supports and accelerates the growth of women owned business and strengthens their impact upon the economy. We achieve this by providing a wide-range of services, which include in-depth business counseling, classroom training, and peer-to-peer learning to help entrepreneurs start, expand, and successfully manage their businesses. The Pathway Women's Business Center is the educational arm of Pathway Lending with a mission to enhance economic opportunity for women through entrepreneurial education and targeted resources that accelerate personal and business growth with economic stability. Pathway is part of a national Opportunity Finance Network and invests in opportunities that benefit low-income, low-wealth, and other disadvantaged communities.Created in 1999, Pathway Lending is a non-profit Community Development Financial Institution (CDFI) providing underserved small businesses with lending solutions and educational services that result in job creation and economic development. Over 17 years, we have loaned $150+ million to 600 Tennessee companies and created/retained 7,450 jobs while providing 30,000+ hours of business training and counseling. By financing community businesses—including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing—Pathway sparks job growth and retention in hard-to serve markets. Where others see risks, we see possibilities. We believe every person deserves opportunities—good, family-wage jobs; decent, affordable housing; locally owned stores; quality schools. We are opportunity investors and we are profitable but not profit-maximizing. We put community first, and for more than 15 years, we have had a proven track record of making an impact in those areas of Tennessee that need it most. "Pathway Lending not only lends money but provides so much help to small businesses. I learned how to use QuickBooks from Pathway Lending. I've been introduced to people who can help grow my practice from Pathway Lending. I draw on their deep understanding of small business. These are just a few of the examples of how working with Pathway Lending has helped me. We have a mutually beneficial relationship based on one-on-one attention." Dr. Tamara Griffith - Charter Oak Endodontics (Dickson, TN)

Main Programs

  1. Pathway Lending
  2. Pathway Women's Business Center
Service Areas

Self-reported

Tennessee

The Pathway Women's Business Center's Target Market is the 16 County region anchored by Nashville MSA and Montgomery County region within Tennessee. Pathway Lending provides economic development lending services and access to capital in all 95 Counties of Tennessee.

ruling year

2006

Principal Officer since 2003

Self-reported

Mr. Clinton B Gwin

Keywords

Self-reported

Pathway womens business; DAVIDSON; businesses education women job creation development; Pathway community lending

Sign in or create an account to view Form(s) 990 for 2015, 2014 and 2014.
Register now

Also Known As

Pathway Women's Business Center

EIN

62-1823596

 Number

7864078585

Contact

Cause Area (NTEE Code)

Management Services for Small Business/Entrepreneurs (S43)

gement & Technical Assistance (Jan)

Educational Services and Schools - Other (B90)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

In 2015, the Pathway Women's Business Center (PWBC) launched its educational programming and had significant impacts in its first year of operation. The PWBC was selected as 1 of only 6 new Women's Business Centers to open in the United States in 2014. The Women's Business Center builds upon Pathway Lending's 15 year history of more than 22,000 hours of counseling and training. The Women's Business Center was created to meet the growing needs of women entrepreneurs at all stages of business (from early stage start ups to more mature firms) by providing in-depth business counseling, classroom training, mentoring, and peer-to-peer learning to help entrepreneurs start, expand, and successfully manage their businesses. In CY 2015, the Women's Business Center will focus on delivering entrepreneurial services to women owned businesses located in the 16 counties of the Nashville region including Montgomery County with an emphasis on serving clients whichare socially and economically disadvantaged. To this end, the Pathway Women's Business Center seeks to establish founding partnerships with corporations and individuals to provide both financial and in-kind support for women entrepreneurs. The result of these partnerships will be the creation of physical, virtual and programmatic infrastructure to provide training and business counseling to all businesses that seek them, but will specifically focus on entrepreneurs in service, retail, restaurant, manufacturing, distribution and transportation. In the first year of operation, the PWBC helped to launch 11 new women owned businesses which are revenue producing, provided educational services to 400 women business owners, conducted 3,000 of business coaching, held 57 educational events and helped women business owners attract $1.65 million in new financing which they couldn't obtain from traditional banks. The PWBC also held the first Women's Automotive Academy in the United States and educated 50 women business owners on the fundamentals of doing business in the automotive supply chain.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Pathway Lending

Pathway Lending provides underserved small businesses with lending solutions and educational services that result in job creation and economic development. Loans The organization reached $75 Million in assets as of 12/31/2015 and is certified as a CDFI by the US Treasury. Pathway Lending is endorsed by the Tennessee Bankers Association and has 39 Financial Institution Investors and 15 Public and other Private Stakeholders. Pathway Lending's programs are designed to work with banks not compete with them. Of the loans originated by Pathway lending 87% by dollar amount and 69% by number supported small, underserved and minority-owned businesses in qualified low-income geographies.

Category

Community Development, General/Other

Population(s) Served

General Public/Unspecified

Ethnic/Racial Minorities -- General

Females, all ages or age unspecified

Budget

$3,500,000.00

Program 2

Pathway Women's Business Center

The Pathway Women's Business Center helps women entrepreneurs create life sustaining jobs not only for themselves but for their families and the individuals they employee. The Pathway Women's Business Center was created as a division of Pathway Lending to support the Nashville and Clarksville regional business communities with education and advice through one on one counseling, classroom trainig, peer-to-peer learning, and online learning.

Category

Community Development, General/Other

Population(s) Served

Females, all ages or age unspecified

General Public/Unspecified

Budget

$900,000.00

Service Areas

Self-reported

Tennessee

The Pathway Women's Business Center's Target Market is the 16 County region anchored by Nashville MSA and Montgomery County region within Tennessee. Pathway Lending provides economic development lending services and access to capital in all 95 Counties of Tennessee.

Additional Documents

Funding Needs

As a nonprofit, Pathway Lending employed creative business principles by making its lending programs self-sustaining. With the introduction of the Pathway Women's Business Center, traditional nonprofit funding is needed to support the costs of providing in-depth business counseling, classroom training, and peer-to-peer learning to help entrepreneurs start, expand and successfully manage their businesses. The Pathway Women's Business Center opened in 2015 with dedicated, renovated space within the Pathway Lending building. Pathway Lending seeks sponsors and contributions for programmatic support to deliver educational services to underserved individuals resulting in personal financial stability. The Center is also seeking experienced entrepreneurs and professionals to serve as mentors, instructors and workshop facilitators. Contact Amy Bunton by emailing Amy@PathwayWBC.org for additional information.

Accreditations

Community Development Financial Institutions Fund of the U.S. Department of the Treasury - Community Development Entity Certification (Annual)

Affiliations + Memberships

CABLE

Chamber of Commerce

External Reviews

Source: greatnonprofits.org

The review section is powered by Great Nonprofits

Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

SOUTHEAST COMMUNITY CAPITAL CORPORATION
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2014
  • Board Chair and Board Members
  • Access to the GuideStar Community
Get all this now for free
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Operations

The people, governance practices, and partners that make the organization tick.

Pathway Women's Business Center (Southeast Community Capital Corporation)

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2014
  • Board Chair and Board Members
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Principal Officer

Mr. Clinton B Gwin

BIO

Clint Gwin has served as Pathway Lending President since 2003. His responsibilities include daily operations, credit quality, new program development and strategic planning. He has extensive experience in compliance and financial insittution regulation from his 10 years with the Federal Deposit Insurance Corporation (FDIC). Mr. Gwin received a Master of Business Administration in May 2000 from Vanderbilt University's Owen Graduate School of Management and has an undergraduate degree in economics and business from Centenary College of Louisiana in Shreveport. Mr. Gwin serves on the Advsiory Council of the University Center for Industrial Services and SunTrust Community Developmet Corporation for its New Markets Tax Credit Program. Locally, he sits on the board of Affordable Housing Resources and serves as the Finance Committee Chair. Highlights of his professional career include creation of the $12 million Tennessee Rural Opportunity Fund, leadershipof the largest non-bank Community Development Financial Institution in Tennessee, Chairman of the National FDIC Field Office Supervisors Council, Co-Project Manager of the Compliance Examination Manual Task Force, and his 2011 appointment to the Federal Reserve Board Consumer Advisory Council.

STATEMENT FROM THE Principal Officer

"From the start, Pathway Lending and the Pathway Women's Business Center have made client success its top priority. Even as we experienced tremendous growth over the past few years, our commitment to our clients has not wavered. We have always gauged our accomplishments by the success of those we serve. And we always will. To this end, our goals are simple: Identify needs and develop solutions that help entrepreneurs succeed, grow and create jobs. Pathway Lending continually focuses on providing education, innovation and partnerships to deliver long-term opportunities to our clients. We also support local economic development initiatives through partnerships, understanding that loan capital is often the missing puzzle piece to achieving success. Furthermore, we dedicate resources to our clients in education and advisory services areas to bring a complete solution to our clients and help take their businesses to the next level. Sometimes resources need to be delivered in a distinctly different way to be effective and impactful. This is why we created the Pathway Women's Business Center. In recent years, nearly a quarter of women business owners did not seek a new loan or line of credit because they did not believe they would get it. This fear is not unfounded as loan approval rates for women-owned companies are 15 percent-20 percent lower than they are for their male-owned counterparts according to the National Association of Women Business Owners (NAWBO) 2013 WOB Survey. Given the success of female entrepreneurs and business owners this seems to be akin to leaving job creation on the bench, precisely when we need it most. In fact, if recent research is any indication, more women entrepreneurs is a good thing for everyone in the community: men and women. Expanding the opportunity of entrepreneurship and capital access for women is vital to our local, regional and state success. At Pathway, we continuously strive to impact more and more businesses and create opportunities. In the years ahead we will do what we have done since 1999, pressing forward with our efforts to be a strong community resource and a statewide leader in financing business growth in Tennessee."

Governance

BOARD CHAIR

Mr. Dave Berezov

Associate Professor, Vanderbilt University School of Engineering

Term: Apr 2016 - Apr 2017

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization


RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?