CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 12 min 47 sec ago

Democratizing Finance: Boston, Chicago

Tue, 2019-05-14 10:11
From : Communities>>Open Forum
On May 21, 7:00-9:00 p.m., Jamaica Plain Forum and Ujima in Boston are hosting the next stop on my book tour for Democratizing Finance:Origins of the Community Development Financial Institutions Movement. No charge. https://www.facebook.com/jamaicaplainforum/ . On May 28, NCIF and the MacArthur Foundation are hosting my presentation at the Federal Reserve Bank of Chicago. ShoreBank and Southern Development Bank pioneers Ron Grzywinski and George Surgeon panelists! http://lpgroupinc.createsend.com/t/ViewEmailArchive/r/64CDE3EF5FA779062540EF23F30FEDED/C67FD2F38AC4859C/ [More]

Urgent: Funding Announcement - SBA PRIME

Mon, 2019-05-13 19:12
From : Communities>>Open Forum
Greetings – SBA's Program for Investment in Micro-Entrepreneurs (PRIME) grants opportunity is now open, due June 10th.  I helped write the language that created this program back in the late '90s.  Good money for TA that we know is hard to come by! To apply for a PRIME grant, visit grants.gov and search 59.050 under CFDA numbers. You may also search the title of the opportunity, which is PRIME-2019-01. The SBA's PRIME provides assistance to nonprofit lenders and training organizations. These organizations [More]

RE: Loan Origination Application or Software

Mon, 2019-05-13 17:27
From : Communities>>Open Forum
Hi Alan!  You might find some of your answers or at least a network of contacts who may answer them for you on the Open Forum Thread titled "Loan Documents."  It was actually started over a year ago, but has information and has seen a flood of recent activity.  This link should take you there:  CDFI Connect - Loan Documents Spruce Root uses LaserPro by Finastra for our loan documentation, primarily due to their up-to-date legal documentation for each state.  (Like so many CDFIs, we are not large [More]

RE: Challenges in Collecting loan covenants from small business clients

Mon, 2019-05-13 15:42
From : Communities>>Open Forum
I would be interested in participating on a webinar.  Collecting data can be a challenge !  Although we do have a covenant in our loan agreement, we rely heavily on a strategy of a consistent relationship with each borrower and keeping the data requests to an annual task (for a well performing credit).  All our borrowers know that we'll get in the car and be on their doorstep if there's loan repayment troubles or they need technical assistance.    ------------------------------ Diane Morey Northwest [More]

RE: Challenges in Collecting loan covenants from small business clients

Mon, 2019-05-13 14:11
From : Communities>>Open Forum
I'd also love to attend, Jason. Add me to the list! ------------------------------ Nathaniel Owen Community Loan Fund Director Mission Economic Development Agency San Francisco CA (415) 282-3334 ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Mon, 2019-05-13 12:31
From : Communities>>Open Forum
​I would also enjoy participating in a webinar to learn about practices that succeed in collecting loan covenants from borrowers. Thank you! email: cmittlestadt@bbnc.net ------------------------------ Cindy Mittlestadt Executive Director Community Financial, Inc Anchorage AK ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Mon, 2019-05-13 10:55
From : Communities>>Open Forum
ECDI would welcome the opportunity to be part of a broader discussion either by phone or at OFN in June/October. Best, steve ------------------------------ Steve Fireman President and General Counsel Economic & Community Development Institute Columbus OH 614-559-0115 ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Mon, 2019-05-13 10:29
From : Communities>>Open Forum
If you do a webinar on this topic, I'd love to join it (watch it :-) ). Please share the information about it. I'm at alison@project-equity.org. Thanks much! Alison Lingane Project Equity ------------------------------ Alison Lingane Co-founder Project Equity Oakland CA ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Mon, 2019-05-13 08:59
From : Communities>>Open Forum
We would be interested in participating as well.  We need guidance in this area as well. ------------------------------ Sandie Cataldo Manager of Economic Development North Central Massachusetts Development Corporation Fitchburg MA (978) 353-7600 ------------------------------

Loan Origination Application or Software

Fri, 2019-05-10 17:19
From : Communities>>Open Forum
Does anyone use a 3rd party loan origination application or software, and if so which one and how do you like it?    Thanks. ------------------------------ Alan Hoffman Senior V.P and CFO Century Housing Corporation Culver City CA 310-642-2063 ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Fri, 2019-05-10 14:20
From : Communities>>Open Forum
I would like to be included in the webinar if there is one.   lwest@capmail.org ------------------------------ Laura West Community Assets for People, LLC Stevens Point WI ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Fri, 2019-05-10 11:16
From : Communities>>Open Forum
I would also like to participate in this discussion.   - Janet ------------------------------ Janet Preston Assistant Director Woodlands Community Lenders, Inc. Elkins, WV 26241 (304) 636-6495 Ext. 29 (304) 614-4758 (cell) jpreston@wdgwv.org ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Fri, 2019-05-10 10:56
From : Communities>>Open Forum
Please include me in the webinar if you have one.  kgaughan@common-capital.org ------------------------------ Kimberly Gaughan Loan Administrator Common Capital Holyoke MA ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Thu, 2019-05-09 14:36
From : Communities>>Open Forum
I would love to hear more on this in a live discussion. Mark Royster, Jr. VP, Chief Credit Officer carolinasmallbusiness.org 3128 Highwoods Blvd, Suite 170 // Raleigh, NC 27604 Main Office: (919) 803-1437 x 251 // Direct: (919) 666-3921

Pro Link, a Loan Client Portal

Thu, 2019-05-09 13:27
From : Communities>>Open Forum
Does anyone have experience with Pro Link, a loan client portal?  Pro LInk, based in Englewood Colorado, Home - Official has been presented to us as a cloud based application which allows borrowers to apply for loans, submit supporting documentation and track the progress of their loan applications online.  It stores and organizes all loan application materials streamlining loan underwriting and approval.  We have had one presentation of the application to date and are wondering who else may have [More]

RE: Challenges in Collecting loan covenants from small business clients

Thu, 2019-05-09 12:56
From : Communities>>Open Forum
I would also like to participate and will loop in my Chief Loan Officer. Amy Schaftlein Executive Director United Housing, Inc. 901-728-6921 (direct) // 502-377-9242 (cell) www.uhinc.org // @unitedhousing

RE: SEFA calculations for CDFI awards

Thu, 2019-05-09 12:22
From : Communities>>Open Forum
Hi - I would review the recently published FAQ by the CDFI Fund. https://www.cdfifund.gov/Documents/9.%20Frequently%20Asked%20Questions.pdf Also, definitions (as well as formulas and algorithms ) for every field in AMIS are contained in the myFund! workbook.  https://www.gotostage.com/channel/friedmanassociates   Good luck! ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ---------------------------- [More]

RE: Challenges in Collecting loan covenants from small business clients

Thu, 2019-05-09 12:20
From : Communities>>Open Forum
I would be happy to participate if my schedule permits please keep me informed. ------------------------------ Glen Holmes President Community Concepts Finance Corp. South Paris ME 207-333-6419 ------------------------------

RE: Challenges in Collecting loan covenants from small business clients

Thu, 2019-05-09 12:13
From : Communities>>Open Forum
I would love to be involved as well, but will pull in our Director of Lending for his perspective (which might be more valuable than mine!) By involvement I mean participation, not a panelist or anything. Karen Karen Maciorowski, Vice President and CFO CEDF is Connecticut's #1 SBA Microlender for the 6 th consecutive year. The Community Economic Development Fund 965 East Main Street, Meriden, CT 06450 Phone 203-235-2333 x 2080 Fax 203-235-2913 kmaciorowski@cedf.com www.cedf.com

RE: Challenges in Collecting loan covenants from small business clients

Thu, 2019-05-09 12:07
From : Communities>>Open Forum
Thanks for making the distinction! I have received interest from two participants in this Forum to participate in a webinar to discuss how they have developed technical assistance protocols with borrowers that improve their ability to collect data on borrower activity and more accurately demonstrate impact.  The role of loan covenants would be discussed as well. Let's have a live conversation about best practices! ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 [More]

Pages