The story of Semble dates back 13 years ago, when the course of a private Christian school’s journey was forever changed.
Semble founder and CEO, Todd Tarbert, was the president at his children's school board. Unexpectedly, the opportunity arose for them to purchase the school property that they had been leasing. Todd had an extensive background as both an attorney and in raising venture capital for for-profit companies. Todd knew that the school, while financially sound, would still not be able to secure a traditional bank loan to support the property purchase.
Todd sat down with the school board members and devised a plan to raise capital through investments made by the school-affiliated families and alumni. Their plan provided for purchase of the property, while paying an even lower monthly payment then their current lease.
He gathered a list of the donors for the school and, along with their plan, was quickly able to raise the $5.6 million required to purchase the property.
Semble still utilizes that same process today. As CEO, Todd has made it his mission to transform nonprofits and the people they serve by offering low-cost capital to nonprofits around the country. Typically, the Semble process allow nonprofits to lower their monthly payments on loans by 30-60%.
In these difficult times of the pandemic, are you a nonprofit struggling to find a loan or know of a nonprofit that wants to expand their programs? Semble can help.
As every nonprofit director knows, traditional bank loans can be next to impossible for nonprofits to secure. And if you can find a bank to lend to your nonprofit, the terms may include very high interest rates that drain the cash reserves necessary to growing mission and capacity.
Semble provides a comprehensive approach to providing loan options for nonprofits. Semble’s unique specialty identifies low-cost capital for nonprofits looking to acquire new property, undertake new building projects, and refinance their current loans. Refinancing current loans may be particularly helpful in these troubled times. They do this by allowing the communities that support nonprofit organizations to invest money into fundraising the loan needs of their favorite nonprofits.
The nonprofit chooses the interest rate to pay back their investors (typically 3-4%) and the minimum amount (typically $10,000) they would prefer to receive from investors and then they reach out to their communities of supporters to fund raise the loan. Each nonprofit's community of supporters practice “social investing" and realize similar rates of return to that of government bonds, through making investments into communities they love.
Semble's model offers three key benefits to nonprofits:
- Low-cost capital for nonprofits
- Greater involvement from a nonprofit’s supporters
- Increased charitable giving
Starting a nonprofit and not sure how to secure a bank loan? Semble's approach does not eliminate any funding options. For instance, the Semble model allows young nonprofits to fund raise as much as capital as possible and then draw upon Semble's relationship with banks to secure the remainder. (Note: this is not guaranteed, the nonprofit must meet the banks underwriting criteria).
This combination of Semble loan and a bank loan results in much lower monthly payments than a traditional bank loan. If you or a nonprofit you know is in need of a loan, please contact Todd Tarbert (CEO/Founder) at 206-412-3092 or email him at email@example.com or Jacob Nemeth (Director of Client and Investor Relations) at 626-848-2038 or email him at firstname.lastname@example.org.