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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.

2019 EDA Revolving Loan Fund Trainings:

CDFA EDA RLF Training Course - Denver Region
April 9-10, 2019
Denver, CO
Register Now

Dates and locations are still being determined for the final two 2019 EDA Revolving Loan Fund Trainings:
  • Chicago, IL - Summer 2019
  • Tampa, FL - Fall 2019

-EDA Revolving Loan Fund Webinar Series

Staffing and Day to Day Management Approaches
February 19, 2019 @ 2:00 PM Eastern

Staffing a Revolving Loan Fund requires a team of financial specialists and dedicated sources of revenue. In one approach – best for funds issuing a higher volume of loans – each team member is responsible for a different stage of the lending process. An alternative approach assigns each loan to an individual who monitors it from beginning to end. Revenue sources can be diverse, but generally staff are supported by the interest charged on loans. Listen as our expert speakers discuss strategies for developing RLF staff and implementing effective management policies.

Speakers:

Harry Allen, Moderator
Director, Research & Technical Assistance
Council of Development Finance Agencies

Jennifer Hibbard
Loan Program Director
North Central Pennsylvania Regional Planning & Development Commission

Robyn Jacobson
Contracts Administrator
East Central Iowa Council of Governments

Michelle Beecher
Lending Associate
Rural Nevada Development Corporation

Register in advance to confirm your participation and receive login information. Registration is free and open for all EDA RLF grantees.

Register Now

Utilizing the Toolbox Approach
March 5, 2019 @ 2:00 PM Eastern

Hundreds of development finance programs exist at the federal, state, and local level. These programs have been created to address the financing needs of business, industry, real estate, housing, environmental and community development entities. Individually, none of these programs are a silver bullet solution to economic development challenges. The toolbox approach brings together the best of these financing concepts and techniques to provide a comprehensive response to capital and resource needs. Listen as our expert speakers discuss the various development finance tools that can be utilized to enhance the efforts of your Revolving Loan Fund.

Speakers:

Harry Allen, Moderator
Director, Research & Technical Assistance
Council of Development Finance Agencies

Toby Rittner
President & CEO
Council of Development Finance Agencies

Register in advance to confirm your participation and receive login information. Registration is free and open for all EDA RLF grantees.

Register Now

Best Practices in Revolving Loan Fund Marketing
May 21, 2019 @ 2:00 PM Eastern

Hundreds of Revolving Loan Fund programs exist nationwide that are underutilized and in many cases unknown to the business and development industry. Marketing the RLF is a critical component in operating a successful program. A RLF agency should consider a variety of outreach methods in their specific community or region that can be employed in a marketing program. Listen as our expert speakers discuss the best practices and innovative strategies they have learned and developed in marketing their RLF programs.

Speakers will be announced soon.

Register in advance to confirm your participation and receive login information. Registration is free and open for all EDA RLF grantees.

Register Now

Building Partnerships to Maximize Your RLF Impact
August 6, 2019 @ 2:00 PM Eastern

The varying size of Revolving Loan Funds leaves many organizations without the financial and staff capacity to effectively support all aspects of a lending program and building partnerships can enhance it's effectiveness and impact. Key partnerships could include providing technical assistance for borrowers, outsourcing the servicing of the portfolio, or even in some cases, partnering with another organization that can assume the management of the entire RLF program. Listen as expert speakers discuss the various partnerships your organization can structure in order to maximize your RLF's impact.

Speakers will be announced soon.

Register in advance to confirm your participation and receive login information. Registration is free and open for all EDA RLF grantees.

Register Now

Revisiting Your Revolving Loan Fund Plan
September 24, 2019 @ 2:00 PM Eastern

Designing the Revolving Loan Fund is one of the most critical aspects of the program process. It is at this time that key elements of the program will be determined and outlined. The design process should be thorough and clearly defined to address the goals and objectives of the RLF while also clearly outlining the expectations of borrowers. It’s important to have regular reviews of the RLF program to make sure it is still relevant and effective. Listen as our expert speakers discuss how they have modified their RLF plans to maintain a program that is applicable and attractive in today’s economy.

Speakers will be announced soon.

Register in advance to confirm your participation and receive login information. Registration is free and open for all EDA RLF grantees.

Register Now

Fund Recapitalization and Expansion
October 22, 2019 @ 2:00 PM Eastern

Fund recapitalization can come from many sources, including local, state, and federal governments or financial and philanthropic institutions. Depending on the source, there may be certain requirements that need to be satisfied when moving through the actual lending process. In addition, there may be further reporting that is required. Before applying for additional capital, it is important to understand the landscape of recapitalization sources and the pros and cons of each source. Listen as our expert speakers discuss myriad sources for recapitalization and expansion of your Revolving Loan Fund programs.

Speakers will be announced soon.

Register in advance to confirm your participation and receive login information. Registration is free and open for all EDA RLF grantees.

Register Now

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.