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Trustee: Stuart McLendon

Senior Financial Analyst

North Little Rock / Pulaski, AR

Why are you interested in becoming a Trustee?
I work with small businesses and entrepreneurs regularly, but generally only ones that are "bankable" and have a desire to raise outside capital. There are many small businesses that provide good economic growth and a living wage, but arent good candidates for startup funding for a variety of reasons. I would like to be able to help trustworthy and motivated people with a simple business idea get started without overleveraging.
Tell us about your profession or other relevant background.
I have worked with startup businesses for the past 8 years in raising capital, analyzing strategies and key performance metrics, assisting with compensation plan creation, and other elements. I also serve in an advisory capacity to the Boards of a few medium sized non-profit organizations. Since 2010, I have been teaching Entrepreneurial Finance at the University of Arkansas at Little Rock, which is a required course for all Entrepreneurship focused students. I have also served as an annual judge of the Donald W. Reynolds Business Plan Competition in the Innovation Sector for the past 4 years.
Do you belong to any professional networks -- nationally, regionally, or locally? If yes, please list.
Not formally, no. I am involved in some informal networks of organizations or sponsor others related to my industry and work, including the American Association for Justice, and am involved in a number of startup support groups.
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Borrowers will be recommended based on my personal knowledge of their character, and my belief that they can be financially successful in the business they want to start. Prospective borrowers will be asked to submit: 1) an executive summary of the business, explaining the concept, goals analysis of the industry and competition, and discussion of financial requirements / funds needed; 2) a 3 year pro forma financial projection supporting the business case; 3) a personal financial statement indicating that they meet the program requirements; and 4) a signed statement that all information is correct and accurate to the best of their knowledge and ability, and that the borrower will continue to make their financial information available for my review for the duration that the loan is outstanding.
How do you plan to support the borrower, both before and after the loan is disbursed?
Prior to making the loan recommendation, I plan to review the due diligence information as discussed above, and provide feedback on potential weaknesses, missed opportunities, and other ways to improve the plan. Once I am reasonably satisified that the business has a good chance of success, I will make the loan recommendation. After the loan is issued, I intend to follow up with the business every few months to offer support and advice as needed. In the event that a loan is not performing as expected or required, I intend to request financial information from the borrower to analyze and offer recommendations on how to improve performance.
How will you help us ensure that the loans you endorse have a significant and positive social impact?
My goal is to support businesses and entrepreneurs that are not otherwise able to generate start-up capital. There are many businesses that generate good living wages for our community but lack the assets or personnal collateral necessary to qualify for bank loans or other funding sources.

About Stuart McLendon

Trustee Type:
Second Tier trustee
On Zip Since:
Mar 14, 2013
(41 months)
Loans Endorsed:
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