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Advanced Revolving Loan Fund Course
October 7, 2026
11:00 AM - 5:00 PM Eastern

Register Today

-Overview

The Advanced Revolving Loan Fund Course builds on CDFA’s Intro RLF Course by providing in-depth instruction on loan underwriting and portfolio management. Topics discussed during this course include analyzing borrower documents, performing financial analysis, and making loan decisions based on the mission and lending criteria of your RLF. In addition, attendees will learn principles for analyzing loan performance, balancing portfolio risk through borrower and industry diversity, and smartly managing RLF proceeds to create new lending programs.

Given the advanced curriculum for this course, attendees should already have some education about how revolving loan funds operate and have previously participated in underwriting loans.

For professionals interested in learning the basics of revolving loan funds, CDFA offers an Intro Revolving Loan Fund Course.

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Join us online and start down the road to personal and professional advancement today.

Register


Course Objectives

  • Develop robust and nuanced loan underwriting skills
  • Learn how to provide technical assistance to borrowers
  • Create a methodology for making loan decisions based on mission
  • Analyze and measure risk from multiple variables
  • Sharpen portfolio management skills that strengthen RLFs
  • Identify philosophies that can grow loan proceeds and build new programs

Topics Covered

  • Advanced underwriting techniques
  • Analyzing borrower documents
  • Performing financial analysis
  • Evaluating risk
  • Investment strategies
  • Market analysis
  • Using proceeds to build new programs
  • Creative RLF strategies

Who Should Attend?

  • Loan fund managers
  • Economic development professionals
  • Community development professionals
  • Government and nonprofit finance officers
  • Legal counsel
  • Underwriters
  • Commercial bankers
  • Accountants
  • Financial advisors
  • Policymakers

Course Advisor

Preston Frick Preston Frick
Preston Frick serves as a Manager at the Council of Development Finance Agencies (CDFA) within the Knowledge and Networks Division. In this role, Preston works to connect development finance professionals in the areas of access to capital,... (More)

-Agenda

Wednesday, October 7, 2026

Wed 11:00 AM - 11:10 AM
Welcome & Overview
Welcome to the course! This session will introduce CDFA, explain how to use the online software, and discuss the framework for the Advanced Revolving Loan Fund Course.
Wed 11:10 AM - 11:55 AM
Principles of Loan Underwriting
Strong underwriting is the backbone of a successful Revolving Loan Fund. This opening session establishes the core principles and best practices for loan underwriting in an economic development context, with a focus on aligning credit decisions with the RLF’s mission. Participants will explore how underwriting standards should be clearly defined and communicated to borrowers, staff, and loan committees, setting the foundation for case study analysis throughout the course.
Wed 11:55 AM - 12:45 PM
Evaluating Risk
Risk decisions shape who gets access to capital and how far an RLF can go. This session helps participants define a clear, mission-aligned risk philosophy by examining borrower, credit, portfolio, and industry risk. Attendees will explore how perception and bias influence lending decisions and learn how to balance expanding access to underserved borrowers with maintaining a healthy, sustainable fund.
Wed 12:45 PM - 12:55 PM
Break
Wed 12:55 PM - 2:05 PM
Borrower Analysis
Every loan decision requires judgment. This session dives into the art and discipline of borrower analysis, showing how underwriting guidelines are applied in real-world situations. Through case studies, participants will evaluate financial statements, assess borrower capacity and character, and weigh risk factors that rarely come with clear answers. Expect robust discussion, debate, and analysis that mirrors the decisions lenders face every day.
Wed 2:05 PM - 2:40 PM
Collecting Borrower Documents and Providing Technical Assistance
Strong underwriting begins with clear processes and strong borrower relationships. This session shows how consistent policies, smart use of technology, and proactive technical assistance streamline document collection and strengthen loan decisions. Participants will learn how hands-on support and clear communication with borrowers can improve readiness, reduce delays, and lead to better outcomes for both the fund and the borrower.
Wed 2:40 PM - 3:20 PM
Investment Strategies
As an RLF matures, smart investment decisions become essential to long-term growth and impact. This session explores how high-performing loan funds evaluate portfolio strength, manage returns, and decide when reinvestment can support new or expanded loan programs. Participants will examine investment policies and growth strategies that help RLFs build capacity while maintaining financial stability.
Wed 3:20 PM - 3:30 PM
Break
Wed 3:30 PM - 4:10 PM
Portfolio Management
As an RLF grows, so does the complexity of managing it. This session focuses on practical portfolio management strategies that help loan funds stay organized, compliant, and efficient even with multiple funding sources and diverse borrowers. Participants will learn how consistent procedures, clear staff roles, and smart systems can simplify reporting and servicing, freeing up time for strategic planning and program growth.
Wed 4:10 PM - 4:55 PM
Identifying Market Gaps in Your Community
To stay effective, an RLF must evolve alongside the community it serves. This closing session focuses on how loan funds can proactively identify emerging market gaps as industries shift, borrower needs change, and economic conditions evolve. Participants will explore practical strategies for monitoring economic statistics, evaluating rates and fees, adjusting lending terms, and building partnerships that keep their RLF relevant, responsive, and impactful.
Wed 4:55 PM - 5:00 PM
Closing Discussion / Final Questions

-Location

The Advanced Revolving Loan Fund Course will take place on Zoom. The course will meet from 11:00-5:00 PM Eastern. Attendees must have access to a computer and the internet to attend the course.

-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.

Scholarships are available to attend this event. Learn more about the CDFA Scholarship Program, and submit your application today. Please note that the application deadline is two weeks prior to the course start date.

CDFA permits only one person to log in and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate the connection and access. CDFA offers group discounts for organizations that wish to register multiple people.
Early Bird Rates
(Ends September 18)
CDFA Member: $500
Non-Member: $825
Standard Rates
(After September 18)
CDFA Member: $625
Non-Member: $950


Register