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CDFA EDA Revolving Loan Fund Best Practices Program

CDFA EDA Logo

The EDA Revolving Loan Fund Program is a staple of the federal economic development access to capital delivery system. The program, established in 1975, is designed to provide grants to state and local governments, political subdivisions, and nonprofit organizations to operate a lending program that offers low-interest loans to businesses that cannot get traditional bank financing. Grant recipients are required to manage their RLF according to their RLF administrative plan, a document that describes the lending strategy and administrative procedures for a specific RLF project. The EDA has charged CDFA with developing an education program which will help to improve this crucial program.

CDFA has worked with the EDA to develop an innovative technical assistance approach to better support and improve the more than 500 EDA funded Revolving Loan Funds in the United States. The CDFA EDA RLF Best Practices Program will include a diverse set of offerings that will encourage learning, best practice collaborations, evaluations of service efficiencies and improvements, and a comprehensive resource collection and dissemination process.

Key program elements will include:

-EDA Revolving Loan Fund Training

CDFA will hold a two-day EDA Revolving Loan Fund Training in each of the six EDA Regions between 2018 and 2019. More information about each training will be available soon. Check back often to see final locations, agendas, and speakers.

2018 EDA Revolving Loan Fund Trainings:

CDFA EDA RLF Training Course - Philadelphia Region
June 14-15, 2018
Baltimore, MD
Register Now

CDFA EDA RLF Training Course - Austin Region
November 6-7, 2018
Dallas, TX
Register Now

2019 EDA Revolving Loan Fund Trainings:
  • Denver, CO - Spring 2019
  • Chicago, IL - Summer 2019
  • Tampa, FL - Fall 2019

-EDA Revolving Loan Fund Webinar Series

Strategies for Addressing Non-Performance and Loan Defaults
August 14, 2018 @ 2:00 PM Eastern

Successful RLF programs always make every attempt to craft a good loan. Some businesses, though, will inevitably struggle to repay. How your fund handles loans and borrowers during this difficult period can help minimize losses and maximize recovery. As part of the CDFA EDA RLF Best Practices Program, this webinar will highlight a variety of corrective action strategies and proactive approaches that can successfully reduce defaults.

Speakers will be announced soon.

Register in advance to confirm your participation and receive login information. Registration is free and is open to all interested stakeholders.

Register

Solutions for Revolving Loan Fund Servicing
October 16, 2018 @ 2:00 PM Eastern

Awarding the loan is just the beginning of a longer process. In order to be successful, RLF staff must maintain regular communication with the borrower and provide ongoing loan servicing. Many RLFs have found success in building partnerships with professional lending institutions to manage their loan servicing while others prefer to maintain the servicing in-house. Listen as our expert speakers discuss options for loan servicing and best practices for choosing the right fit based on your RLF portfolio.

Speakers will be announced soon.

Register in advance to confirm your participation and receive login information. Registration is free and is open to all interested stakeholders.

Register

Developing a Loan Committee and Monitoring Their Involvement
December 11, 2018 @ 2:00 PM Eastern

Revolving Loan Fund committees are essential to a program’s success. If properly leveraged, the RLF Committee can be a key resource in finding borrowers for your RLF program and making good decisions for sustainability of the fund. Many successful loan committees are made up of bankers, non-traditional lenders, city officials and small business owners alike. It is essential that RLF staff have guidelines in place to monitor and encourage board involvement. Hear our expert speakers provide insight into developing a RLF Committee and creating ongoing strategies to encourage their involvement.

Speakers will be announced soon.

Register in advance to confirm your participation and receive login information. Registration is free and is open to all interested stakeholders.

Register

Previous Webinars

-EDA Revolving Loan Fund Peer-to-Peer Learning Exchange

As part of the CDFA EDA RLF Best Practices Program, CDFA and EDA will be offering a Peer-to-Peer Learning Exchange. CDFA and EDA will match lower performing loan funds with higher performing loan funds over the duration of the program in order to encourage discussions about best practices related to managing and operating EDA revolving loan funds. CDFA staff will lead conversations and pairings among EDA RLF grantees. Interactions will include online learning, phone calls, and gatherings at RLF training courses and the CDFA National Summit.

Pairs will be matched from different EDA regions. Each pair will need to identify five main goals to achieve during the exchange and submit a workplan to CDFA. Then structured conversations and in-person meetings will occur throughout the life of the program. CDFA will request regular follow-ups and provide monitoring. CDFA will facilitate in-person conversations to develop meaningful dialogue and to help pairs demonstrate progress in achieving their five goals.

Key exchange offerings will include:
  • Peers will create a workplan that includes five goals for the exchange. These goals will be designed by the peers themselves and monitored by CDFA over the course of the exchange. Peer matches will be required to submit a summary of their discussion on each goal by specified dates.

  • Question sets will be delivered by CDFA after each webinar to facilitate a peer discussion on the webinar topic.

  • Peers will gather at the CDFA National Development Finance Summit to discuss progress on their five determined goals during a facilitated one-day workshop. As part of this program, each person participating in the Peer-to-Peer Learning Exchange will be given a complimentary registration to attend the entire CDFA National Development Finance Summit.
The CDFA EDA Revolving Loan Fund Peer-to-Peer Learning Exchange is a unique offering that will require the dedication of several hours of time by mentors and mentees and CDFA expects that all EDA RLFs selected to participate in the exchange will continue to participate throughout the entirety of the two years. The Peer-to-Peer Learning Exchange is open to any EDA RLF grantee, and CDFA encourages all staff members responsible for the EDA RLF to participate.

Organizations interested in participating in the Peer-to-Peer Learning Exchange should reach out to CDFA.

-EDA Revolving Loan Fund Resource Center

The EDA Revolving Loan Fund Resource Center hosts a vast collection of EDA Revolving Loan Fund resources including presentations, best practices, case studies and archives of learning materials from webinars and training sessions.

>>>Access the EDA Revolving Loan Fund Resource Center

The CDFA EDA RLF Best Practices Program was prepared by the Council of Development Finance Agencies using Federal funds under award ED17HDQ3030053 from the Economic Development Administration, U.S. Department of Commerce. The statements, findings, conclusions, and recommendations are those of the author(s) and do not necessarily reflect the views of the Economic Development Administration or the U.S. Department of Commerce.