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Direct Lending: A Case Study of the Connecticut AFP

Direct Lending: A Case Study of the Connecticut AFP. Presented by: Arlene Lugo & Patti Lind April 21, 2009. Direct Lending for AFP/Telework Lenders. Direct Loan Models By Choice In response to market needs Due to banking conditions By Necessity

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Direct Lending: A Case Study of the Connecticut AFP

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  1. Direct Lending: A Case Study of the Connecticut AFP Presented by: Arlene Lugo & Patti Lind April 21, 2009

  2. Direct Lending for AFP/Telework Lenders • Direct Loan Models • By Choice • In response to market needs • Due to banking conditions • By Necessity • Taking defaulted guaranteed loans in-house • Component of Loan Services • Loan guarantees, direct loans, grants • Designed to be compatible with capacity • Utilizing staff capacity • Servicing by bank, other non-bank lender

  3. Direct Lending Infrastructure Requirements • Underwriting Guidelines • For orgs making internal lending decisions • For orgs using a bank to service direct loans • Guidelines endorsed by Board • Reflect organizational philosophy

  4. Direct LendingPolicies & Procedures

  5. Connecticut Case Study Program Management Former program model & outcomes Current program model Future: Growth Opportunities!

  6. For More Information Patti Lind Executive Director The Abilities Fund & Iowa Able Foundation 307 North 13th, Ste 500 Centerville, IA 52544 Toll Free 1.888.222.8943 prlind@abilitiesfund.org www.iowable.org Arlene Lugo, ATP Program Director CT Tech Act Project DSS/BRS 25 Sigourney Street Hartford, CT 06106 860-424-4881 arlene.Lugo@ct.gov www.cttechact.com/

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