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CIAPP Lender and Borrower Certification Forms for Lender Application September 2023CDFI Loan Participation Program Lender Use of Proceeds and Conflict of Interest CertificationFunds from the State
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How to fill out cdfi-lpp lender and borrower

01
Gather all necessary information such as borrower's financial statements, income tax returns, and credit reports.
02
Complete the required forms provided by the CDFI-LPP lender including loan application, personal financial statement, and business plan.
03
Provide any additional documentation requested by the lender such as proof of collateral or insurance.
04
Review and sign the loan agreement once all terms and conditions have been agreed upon.
05
Keep copies of all documents for your records.

Who needs cdfi-lpp lender and borrower?

01
Small businesses and entrepreneurs who are looking for affordable financing options to start or grow their business.
02
CDFI-LPP lenders who are looking to provide loans to underserved communities and support economic development.
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CDFI-LPP stands for Community Development Financial Institutions - Loan Purchase Program. The lender refers to the financial institution that provides loans to borrowers, who are typically community development-focused organizations or businesses that aim to promote economic development in underserved areas.
CDFI lenders participating in the Loan Purchase Program must file the necessary documentation. This includes reporting entities that are lenders in the program and borrowers receiving loans from these lenders.
To fill out the CDFI-LPP lender and borrower forms, lenders must provide specific information about the loan, including loan amounts, terms, and borrower details. Borrowers need to provide information about their business, financial projections, and the purpose of the loan.
The purpose of the CDFI-LPP lender and borrower documentation is to track loans provided under the program, assess the impacts of these loans on community development, and ensure compliance with program requirements.
Information that must be reported includes the borrower’s details, loan amount, interest rate, loan term, purpose of the loan, and any relevant financial data related to the borrower's business operations.
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