Thurston Investment Network (ThINk)

 For individuals considering becoming a Member of the Thurston Investment Network (ThINk) and lending to local small business.

Through the Thurston Investment Network (ThINk), people with a desire to have a local component to their investment portfolio have an opportunity to connect with local business owners who need capital.  To clarify, at this stage of ThINk’s development, the focus will be on lending, not on equity investment.

For individuals wanting something different in their investment portfolio, ThINk provides an opportunity to put some of their money in what they know and can see – local businesses that add to the vibrancy of the Thurston economy.  ThINk Members can receive interest income on their loan while taking pride in helping to grow local businesses.  Like a “buy local” initiative, the Thurston Investment Network recognizes the economic power of harnessing local resources.  A local investment network helps to connect our community, and advance its prosperity, by engaging those who are most concerned about its future: people who live, work and play here.

ThINk is a membership-based network.  Those interested in joining will need to attend a training, agree to basic principles and lend within the parameters of specific securities exemptions (described below).  They then become a Member of the Network and are provided opportunities to learn of businesses who are seeking capital.  ThINk Members will be connected with businesses seeking capital directly, and via business showcase events.

Once a business has applied, filled out the application forms and provided the required financial information, Network Members are then free to connect directly with any business they would consider funding.  If there’s mutual interest, a Member and business directly negotiate the terms of their deal.  The deal is entirely between the two parties, the lender and borrower.  Both parties must exercise due diligence and recognize the inherent risks.

State and federal securities regulations normally require businesses to produce costly disclosures and extensive fillings unless an exemption applies.  These requirements make it difficult, or even prohibitive, for small entrepreneurs to raise affordable capital.  The good news is that ThINk Members and businesses can take advantage of the Isolated Transaction Exemption, which has these parameters:  

  • No maximum dollar amount limit
  • Maximum of three Members making a transaction with a particular business during any 24-month period
  • Transactions can be at the same time or a different times

All businesses seeking capital through the Network and all Members lending to businesses through the Network agree to limit transactions to within the parameters of this exemption.

ThINk is committed to helping its Members connect with local businesses and engage in local borrowing to create a win-win for both parties.

So, what do you think?  Ready to become a Member of the Thurston Investment Network?

Click link: ThINk Member App 3-2017and submit a Member application form.


For businesses exploring ThINk

For businesses seeking capital, the Thurston Investment Network (ThINk) is an alternative to banks, other commercial lenders, and credit cards at a time when business credit is often hard to come by. Instead, businesses borrow money from fellow community members who are their neighbors, customers, or others interested in their success. The Thurston Investment Network helps to connect our community, and advance its prosperity, by engaging those who are most concerned about its future: people who live, work and play here.

To clarify, at this stage of ThINk’s development, the focus will be on lending, not on equity investment.

Businesses interested in seeking capital through the Network need to fill out the application forms below and provide all the information listed on the Check List. They also will need to attend a training (see the main ThINk page for upcoming training dates).

Those interested in lending to local businesses fill out an application, attend a training and become a Member of the Network.

Click on the links at the bottom of this web page to download application forms.

Businesses seeking capital through the Network can then connect with interested Network Members directly and potentially through business showcase events. If there’s mutual interest, a Member and business directly negotiate the terms of their deal. The deal is entirely between the two parties, the lender and borrower. Both parties must exercise due diligence and recognize the inherent risks.

State and federal securities regulations normally require businesses seeking capital to produce costly disclosures and extensive fillings unless an exemption applies. These requirements make it difficult, or even prohibitive, for small entrepreneurs to raise affordable capital. The good news is that THINK Members and businesses can take advantage of specific Exemptions, which avoid these expensive disclosures (the exact parameters of these exemptions are covered in the required training).

All businesses seeking capital through the Network and all Members lending to businesses through the Network agree to limit transactions to within the parameters of these exemptions.

ThINk is committed to helping local businesses to connect with its Members to engage in local borrowing to create a win-win for both parties.

Past Events:

Opportunity Night

Monday April 17, 5:30-8:00pm

Join us for our very first Business Pitch Session!   Become a member of ThINk and meet 3 locally owned businesses who are looking to scale up their operations and are seeking capital to do so from residents of our Thurston community.

Please note, the first half hour– starting at 5:30pm– of the Opportunity Night will be a short training on the legal parameters ThINk Members must adhere to when making loans to local businesses.  Joining the Network and signing the ThINk Membership Agreement is required for those interested in attending Monday’s evenings pitch session.

ThINk TRAININGS

Monday, April 17, 1:30-4:00pm

If you are a business interested in receiving loans from members of the Thurston Investment Network plan to attend this training.

Tuesday, April 17, 8:00-10:15am

If you are interested in being a member of ThINk and lending to small businesses in Thurston County plan to attend this meeting.

All above meetings will take place at the Center for Business and Innovation, 4220 6th Avenue SE, Lacey, WA 98503. For more information and to RSVP please contact Aslan Meade at ameade@thurstonedc.com or call him at 360-789-8843. See flyer for details: Opportunity Night Flyer – April 17

 


Listen to the Radio Interview about ThINk: Click here.

Watch a recent presentation about ThINk by Aslan Meade:  Click here.

 

Downloads

ThINk Business Checklist 3-2017

ThINk Biz App 3-2017

ThINk Add’l Owner Supp 3-2017

ThINk Ref Supp 3-2017


 

Local investment model going statewide: 

ThINk has come into existence with help from the Association of Washington Cities (AWC) and Washington State University (WSU) Extension’s Community and Economic Development team.   AWC & WSU have been bringing local investment networks to cities and towns across the state. Check out this AWC link to learn more:

 

http://www.cfqc.org/projects/local-investment-networks/

Thurston Economic Development Council

4220 6th Ave SE
Lacey, WA 98503
360.754.6320