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Intro Revolving Loan Fund Course
August 10-11, 2020
Daily: 12:00 - 5:00 PM Eastern

-Overview

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The Intro Revolving Loan Fund Course offers an in-depth look at RLF program development, implementation and management. This course demonstrates how an RLF program can complement your economic development strategy, encourage investment and assist traditionally underserved businesses. During this course, attendees learn the essential elements needed to operate a successful RLF program and discuss programs making a difference in communities throughout the country.

All courses at CDFA Virtual Summer School qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, three, or four courses during this two-week-long event. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program. Join us online, and start down the road to personal and professional advancement today.

The schedule for CDFA Virtual Summer School is outlined below. Click on the course name to learn more about the topic and agenda:

CDFA Virtual Summer School: Week 1 Course Schedule

Monday & Tuesday
August 3-4, 2020
Wednesday & Thursday
August 5-6, 2020


CDFA Virtual Summer School: Week 2 Course Schedule

Monday & Tuesday
August 10-11, 2020
Wednesday & Thursday
August 12-13, 2020


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Course Objectives

  • Learn about how RLFs complement and enhance an economic development strategy
  • Interact with leaders in the revolving loan fund industry
  • Discuss best practice principles for sound RLF management
  • Dissect a loan process from start to finish

Topics Covered

  • How RLFs enhance your economic development strategy
  • How to design and establish a RLF
  • How to manage, market and promote a RLF program
  • The decision making process
  • Pre- and post- loan closing
  • What to do when the deal goes bad

Who Should Attend?

  • Loan fund managers
  • Economic development professionals
  • Community development professionals
  • Elected officials
  • Government and nonprofit finance officers
  • Corporate trustees
  • Legal counsel
  • Underwriters
  • Commercial bankers
  • Accountants
  • Financial advisors
  • Policy makers

Course Advisor

Katie Kramer Katie Kramer
Council of Development Finance Agencies
Vice President
Katie Kramer is a Vice President at the Council of Development Finance Agencies and has been with CDFA since 2005. She is an accomplished non-profit executive with expertise in fundraising, grant writing, operations, and building organizational... (More)

-Agenda

Monday, August 10, 2020

Mon 12:00 PM - 12:30 PM
Welcome and Overview
Welcome participants, introduce CDFA, and set the stage for the course.
Mon 12:30 PM - 1:15 PM
Understanding Revolving Loan Funds
A revolving loan fund is a self-replenishing pool of money, utilizing interest and principle payments on old loans to issue new ones. They come in many shapes and sizes and support a variety of economic development activities. The start of the Intro Revolving Loan Fund WebCourse will establish the foundation for future sessions by outlining some of the basic principles of revolving loan funds.
Mon 1:15 PM - 1:30 PM
Break
Mon 1:30 PM - 3:15 PM
Designing Your RLF
Funding entities for RLFs range from CDFIs, EDA and the USDA to private pledges by banks and businesses. Depending on the source of your funding, your RLF will need to be applicable to certain types of businesses and projects. This session will discuss how to establish a RLF within the parameters of your funding partner.
Mon 3:15 PM - 3:30 PM
Break
Mon 3:30 PM - 4:30 PM
RLF Management
Managing a RLF is multi-faceted. This session will cover the skills that fund managers and support staff need, developing a policy manual, and identifying the role of the RLF Committee.
Mon 4:30 PM - 5:00 PM
Marketing Your RLF Program
Collaborating with other organizations and financial institutions can be a significant component of the success of your RLF. This session will center on the methods used to market and promote your RLF program.
Mon 5:00 PM - 5:00 PM
Adjourn

Tuesday, August 11, 2020

Tue 12:00 PM - 12:15 PM
Revisiting Day 1
The first day of the Intro Revolving Loan Fund WebCourse looked at RLFs from a broad perspective and introduced the basic concepts and players involved. At the start of Day 2, we will review some important terms and set the stage for the remaining sessions focused on the more technical aspects of RLFs.
Tue 12:15 PM - 2:30 PM
The Decision Process
The underwriting and financial analysis of loan requests is an important element of all successful RLF programs. The ability to collect and analyze the information provided by the potential borrower will be discussed in detail during this session. This session will cover the information needed to conduct both program and project analysis. In addition, this session will cover the financial analysis process and necessary documentation materials, such as the profit-loss and cash flow statements. Finally, the session will conclude by examining the loan decision and presentation processes.
Tue 2:30 PM - 2:45 PM
Break
Tue 2:45 PM - 3:45 PM
Pre- and Post-Loan Closing
Awarding the loan is just the beginning of a longer process. This session will cover pre- and post-loan closing, including the documents that are needed in various collateral situations and the importance of file preparation. Also discussed will be establishing a servicing process to assure quick detection of issues within the RLF portfolio.
Tue 3:45 PM - 4:15 PM
When the Deal Goes Bad
Successful RLF programs always make every attempt to craft a good loan. Some deals, though, will inevitably go bad. How your fund handles loans and borrowers during this difficult period can help minimize losses and maximize recovery. This session will offer some suggestions for addressing failed deals.
Tue 4:15 PM - 5:00 PM
Innovative RLFs
Revolving loan funds come in all shapes and sizes, and many have been capitalized using creative sources. During the last session of the course, hear representatives from innovative RLF programs explain their operations and philosophy.
Tue 5:00 PM - 5:00 PM
Adjourn

-Location


CDFA Virtual Summer School will meet each day from 12:00-5:00 pm (Eastern) online. You must have access to a computer and phone to attend.

-Registration

This course will be offered at CDFA Virtual Summer School, a 2- week long series of courses presented by the CDFA Training Institute. Participants may register for one, two, three, or four courses during CDFA Virtual Summer School.

Scholarships are available to attend this event. Learn more about the CDFA Scholarship Program, and submit your application today.

When you register for four courses during CDFA Summer School, you will receive a $100 discount off the total registration fee.

Click the Register button to view the total fees and discounts available for CDFA Virtual Summer School.
Standard Rates
CDFA Member: $300
Non-Member: $450


Register

CDFA National Sponsors

  • Baker Tilly Virchow Krause
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Fifth Third Bank
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McCarter & English, LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor