-Overview
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.
This course qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
Register
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
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Topics Covered
- How RLFs enhance your economic development strategy
- How to design and establish an RLF
- How to manage, market and promote an RLF program
- The decision making process
- Pre- and post- loan closing
- What to do when the deal goes bad
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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
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Course Advisor
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Pearl-Jean Mabe
Council of Development Finance Agencies
Director, Research & Technical Assistance
As the Director of Research & Technical Assistance at the Council of Development Finance Agencies (CDFA), Pearl-Jean Mabe is responsible for managing and directing CDFA’s research projects, technical assistance requests, resource collection, ... information sharing, newsletter publications, headlines review, and educational efforts.
Prior to joining CDFA, Ms. Mabe was the Downtown Program Coordinator with Heritage Ohio where she assisted in the coordination of the Ohio Main Street Program, a grassroots, nationally recognized, historic preservation and downtown revitalization program. During her time there she engaged with a broad range of communities throughout Ohio, helped launch the Young Ohio Preservationists, hosted a monthly webinar series, assisted with statewide workshops and conferences, and was responsible for marketing and communications efforts including modernizing Heritage Ohio’s website and designing and publishing Revitalize Ohio Magazine.
Ms. Mabe served two terms as an AmeriCorps member through the Ohio History Connection’s Ohio History Corps. and continues to serve on the board for The Young Ohio Preservationists, promoting preservation as a positive agent for change, and educating, inspiring and motivating Ohioans to preserve their built heritage.
Ms. Mabe holds a Bachelor of Science in City & Regional Planning with a focus on sustainable systems and practices from The Ohio State University. (More)
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-Agenda
Wednesday, December 8, 2021
| Wed 12:00 PM - 12:15 PM |
Welcome and Overview
Welcome to the course! This session will introduce CDFA, explain how to use the online software, and discuss the framework for the two-day Intro Revolving Loan Fund WebCourse.
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| Wed 12:15 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 the basic principles of revolving loan funds.
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| Wed 1:15 PM - 1:30 PM |
Break
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| Wed 1:30 PM - 3:15 PM |
Designing Your RLF
Funding entities for RLFs range from CDFIs, EDA, and USDA to private pledges by banks and businesses. Depending on the source of funding, your RLF will need to be applicable to certain types of businesses and projects. This session will discuss how to establish an RLF within the parameters of your funding partner.
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| Wed 3:15 PM - 3:30 PM |
Break
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| Wed 3:30 PM - 4:30 PM |
RLF Management
Managing an 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.
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| Wed 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 and best practices used to market and promote RLF programs.
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| Wed 5:00 PM |
Adjourn
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Thursday, December 9, 2021
| Thu 12:00 PM - 12:15 PM |
Revisiting Day 1
The first day of the Intro Revolving Loan Fund WebCourse focused on 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 technical aspects of RLFs.
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| Thu 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. Speakers will discuss the ability to collect and analyze the information provided by the potential borrower and how it is critical to conducting program and project analysis. In addition, this session will cover the financial analysis process and necessary documentation materials, including the profit-loss and cash flow statements. Finally, the session will conclude by examining the loan decision and presentation processes.
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| Thu 2:30 PM - 2:45 PM |
Break
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| Thu 2:45 PM - 3:45 PM |
Pre- and Post-Loan Closing
Awarding the loan is just the beginning of a long 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. Speakers will cover establishing a servicing process to assure quick detection of issues within the RLF portfolio.
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| Thu 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.
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| Thu 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.
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| Thu 5:00 PM |
Adjourn
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-Location
The Intro Revolving Loan Fun WebCourse will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day on December 8-9, 2021 from 12:00-5:00 PM Eastern. Attendees must have access to a computer and phone to attend the WebCourse.
-Registration
This training course
qualifies for the CDFA Training Institute's
Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
CDFA permits only one person to login and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate the connection and access to GoToWebinar. CDFA offers group discounts for organizations that wish to register multiple people.
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CDFA Member: $550
Non-Member: $825
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CDFA Member: $600
Non-Member: $875
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Register