CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 6 min 57 sec ago

RE: PPP Forgiveness

Wed, 2022-01-05 10:46
From : Communities>>Open Forum
Lea, I will give you a call today, but wanted to also post that Invest Detroit Foundation is in the process of our appeal (not a Native CDFI either).  We are working with Tom Vaughn and Jonathan Feld @ Dykema. If any other CDFIs were also denied forgiveness and would like to connect, please contact me.  danielle@investdetroit.com or 313.285.2173. ​ ------------------------------ Danielle Graceffa General Counsel Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE) Detroit MI 313.285.2173 [More]

Salesforce for CDFIs - Overcoming Application Challenges

Wed, 2022-01-05 09:24
From : Communities>>Open Forum
Hi Everyone, Happy New Year!  FYI we are publishing a series of blog posts entitled "Address Origination Challenges with Salesforce", highlighting how some of our clients are using Salesforce for loan origination.  The second installment, "Overcoming Application Challenges", is available for viewing.  The next one, "Overcoming Underwriting Challenges", will be posted sometime this month. Happy to address any questions or feedback you might have! Cheers, Lily ------------------------------ Lily [More]

SBA 504 Attorney

Wed, 2022-01-05 09:20
From : Communities>>Open Forum
Hi Everyone,  Happy New Year! Im looking for an attorney referral who knows how to close SBA 504 loans in NYS. If any of you have good lawyers that you have used before, please send them my way. Thanks so much! Hope everyone had an relaxing holiday!  Cheers,  Jessie C. Lee Managing Director Renaissance Economic Development Corp (REDC) Jessie@renaissance-ny.org Please visit:  www.renaissance-ny.org ------------------------------ Jessie lee Managing Director Renaissance Economic Development Corporation [More]

RE: PPP Forgiveness

Tue, 2022-01-04 13:03
From : Communities>>Open Forum
Hi Lea,  I wish I did know of an attorney. Unfortunately, every attorney I know with SBA experience would not be able to take on a case against the SBA because of their existing relationships with the agency. Even though I don't have any referrals to offer, I suggest that someone create a forum conversation for CDFIs who were denied forgiveness to gather together and seek OFN's assistance with collectively addressing this issue as one group before every organization individually spends valuable, [More]

RE: Member Monday

Mon, 2022-01-03 13:35
From : Communities>>Open Forum
Happy New Year all! I'd love to start the year by looking at one of our amazing members, Rising Tide Community Loan Fund. Rising Tide CLF was established in 2001 in Bethlehem,PA with the sole mission to identify small business and community development credit needs that stifle the creation of economic opportunity in low-to-moderate income communities of the Leigh Valley and provide affordable credit products. Rising Tide has granted over $8.5 million in loans over the last 19 years- helping save, [More]

RE: PPP Forgiveness

Mon, 2022-01-03 12:19
From : Communities>>Open Forum
Community Vision Capital & Consulting in CA is not a Native CDFI and has also been denied forgiveness on the basis that we are a lending institution. We are seeking an attorney with SBA experience to assist with an appeal. If anyone has any recommendations for us we would be very grateful. Thanks! ------------------------------ Lea Salem Director of Finance & Administration Community Vision Capital and Consulting San Francisco CA (415) 392-8215 x316 ------------------------------

RE: PPP Forgiveness

Mon, 2022-01-03 12:08
From : Communities>>Open Forum
Though not specific to Native CDFIs, please check out the responses that I posted on the following discussion, especially responses #45 and #42. That might offer some insight regarding how to proceed, especially since there are specific exceptions written into the rules regarding making nonprofits eligible, actual case law that indirectly supports the position that CDFIs are eligible for forgiveness, and the issue of "Safe Harbor," which was issued by the SBA as an answer to avoid answering the larger [More]

RE: Individual Investor Opportunities Survey

Mon, 2022-01-03 12:07
From : Communities>>Open Forum
This year's edition of the Loan Fund Survey for Individual Investors lists 70 CDFI Loan Funds!! That's up from 60 listed in 2021. Thank you to everyone who responded.  Before we publish, we'd like to give folks a chance to add their organization if not listed or to make corrections or suggestions to the document. For more information about this initiative, please read the previous posts or feel free to email me at pam@steppingstonepartners.com Attached please find the current draft as well as the [More]

Files Attached Document
RE: Individual Investor Opportunities Survey

Aeris Analyst Opportunities

Mon, 2022-01-03 11:27
From : Communities>>Open Forum
Dear Colleagues, Aeris, the rating and information service for impact investments, seeks qualified candidates to join our team of experienced financial analysts. Aeris Analysts are key contributors to CDFI loan funds' annual Aeris Rating Reports, which comprise comprehensive analyses of CDFIs' fundamental impact, financial, and management components. In the past, successful candidates have joined Aeris from the banking and CDFI sectors, which are well represented in this community. We encourage [More]

Seeking Philly-based CDFI for Residential Rehab Project

Mon, 2022-01-03 09:32
From : Communities>>Open Forum
Hello, I'm looking for a CDFI working in Philadelphia to make a construction loan ($250,000 - $300,000) to a nonprofit to rehab a historically significant 2 unit home.  The property was donated to the nonprofit and per the donor's intention, the plan is to rehabilitate and sell to low income artists selected through a community process. Due to preservation restrictions and anticipated credit profiles of eventual purchasers, we expect we will additionally need an alternative lender to do the residential [More]

RE: Software Recommendations for spreading financials and creating loan docs

Mon, 2022-01-03 09:28
From : Communities>>Open Forum
Same!  About 12 years ago, I used a super easy-to-use program called "What If?" but the creators did not keep up with updating it and it never made it beyond a 3" floppy drive.  (That makes me feel really old btw).  I've heard that LivePlan has a super cool financial forecasting tool but I've not had the opportunity to use it myself.  There has to be someone else out there that is standalone, right? ------------------------------ Annie Olds Business Development Manager Venture North Funding & Development [More]

RE: Software Recommendations for spreading financials and creating loan docs

Fri, 2021-12-31 10:56
From : Communities>>Open Forum
Jason I'm not looking for a conversion I'm looking for the actual software to spread the numbers. Thanks ------------------------------ Cassandra Bradley C4C Board Member Capital for Change Wallingford CT 860.233.5165 ext. 2049 ------------------------------

RE: Software Recommendations for spreading financials and creating loan docs

Thu, 2021-12-30 12:25
From : Communities>>Open Forum
I am in the process of rolling out LaserPro by Finastra for loan documentation.  I've used this before at a Community Bank.  It is a good system for generating loan documents for all Commercial Loans including SBA and also has e-sign capabilities.   ------------------------------ jennifer harris Director of Operations Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE) Pittsburgh PA 412-322-0290 ------------------------------

RE: Software Recommendations for spreading financials and creating loan docs

Thu, 2021-12-30 10:12
From : Communities>>Open Forum
Cassandra, If all you need is a basic conversion of financials (in PDF) to excel, you might want to give Adobe Acrobat DC a try. Works well with QuickBooks generated financials. https://www.adobe.com/acrobat/how-to/pdf-to-excel-xlsx-converter.html Below is the link to the free conversion tool, so you can see how well it works, but you do have to sign up with Adobe. https://www.adobe.com/acrobat/online/pdf-to-excel.html Best luck! Jason Lee, JD/MBA, AWS Certified Developer & Security [More]

RE: Software Recommendations for spreading financials and creating loan docs

Wed, 2021-12-29 13:43
From : Communities>>Open Forum
Hi Terese, We automate loan documents for origination, as well as workflow and other related activities. DownHome charges vendors to connect to their API so we can accommodate, but it will result in higher monthly subscription. Please check us out at: www.celant.com/cdfi This is a demo video if you want to experience what the system is like: https://www.youtube.com/watch?v=ugkig4zQNhA We can take your loan documents to automate, or you can use our core set of docs (loan agreement, promissory note, [More]

RE: Software Recommendations for spreading financials and creating loan docs

Wed, 2021-12-29 09:59
From : Communities>>Open Forum
Good Morning, I'd be interested to know of a reasonably priced software program to spread financials as well.  It wouldn't need to pair up with any program it could be a stand alone.  Thank you.      Cassandra Bradley Director of Commercial Lending & Loan Administration Capital for Change Wallingford, CT ------------------------------ Cassandra Bradley C4C Board Member Capital for Change Wallingford CT 860.233.5165 ext. 2049 ------------------------------

Strategic Planning Firm that works with Wisconsin CDFI's

Tue, 2021-12-28 13:17
From : Communities>>Open Forum
Looking for recommendations on companies/firms that work with CDFI's in Wisconsin on excellent strategic planning. We're looking for a firm that will work w/ our staff and board to brainstorm and provide a report and/or dash board for our internal review and to measure outputs derived from the strategic planning results. ------------------------------ Terese Caro President Legacy Redevelopment Corporation Milwaukee WI 414.343.3091 ------------------------------

Software Recommendations for spreading financials and creating loan docs

Tue, 2021-12-28 13:13
From : Communities>>Open Forum
Good afternoon Any recommendations on good and affordable software for to spread financials and loan origination documents that is compatible with Down Home Loan? Thanks in advance. ------------------------------ Terese Caro President Legacy Redevelopment Corporation Milwaukee WI 414.343.3091 ------------------------------

Job Posting: Financial Analyst in SE PA

Tue, 2021-12-28 11:24
From : Communities>>Open Forum
Hello CDFI Community, Pennsylvania Assistive Technology Foundation (PATF) is interested in hiring a Financial Analyst!  PATF is located in Southeast PA -- and the position includes a hybrid work model.   If interested, please forward a cover letter and resume to Tracy Beck at tbeck@patf.us.  Thank you! Susan Tachau   ------------------------------ Susan Tachau CEO Pennsylvania Assistive Technology Foundation (PATF) King of Prussia PA 484.674.0506 ------------------------------

Files Attached Document
Job Posting: Financial Analyst in SE PA

RE: PPP Forgiveness

Mon, 2021-12-27 16:39
From : Communities>>Open Forum
Thank you Russ, This is great information. Yes please, it would be great to see the responses. All the best in the new year! Alicia Burns Executive Director Westwater Financial 55 Saint James Dr. Santa Rosa, Ca 95403 707-419-3070 F 707-657-7318 www.westwaterfinancial.org Sent from Mail for Windows

Pages