Bank and CDFI Small Business Finance Training and Opportunity Finance Network Regional Meeting
You are invited to participate in a “Bank and CDFI Small Business Finance Training,” scheduled for Wednesday, February 9, 2011 and sponsored by the Federal Reserve Bank of Chicago, Federal Reserve Board of Governors, Opportunity Finance Network and National Community Investment Fund (NCIF).
The purpose of this session is to provide up-to-date information and details on the Small Business Administration’s (SBA) Small Loan and Community Advantage Programs and the U.S. Treasury Department’s implementation of the Small Business Jobs Act, including:
- $30 Billion Small Business Lending Fund for Banks
- $300 million Small Business Lending Facility for Community Development Loan Funds
- $2-3 Billion Federally Guaranteed CDFI Bond Program
- $1.5 Billion State Small Business Credit Initiative (SSBCI)
- Enhancements to SBA programs
The Federal Reserve Bank of Chicago also hosted the Opportunity Finance Network Midwest Regional Meeting on February 10. The OFN Midwest Regional Meeting agenda included opportunities to learn about the work of CDFIs throughout the Midwest, an opportunity finance industry update from OFN President and CEO Mark Pinsky, a discussion of bank regulation and how it impacts CDFIs, and federal and state policy issues related to CDFIs.
Current Bank-CDFI Relationships
The Future of Bank-CDFI Relationships
$30 Billion Small Business Lending Fund for Banks
Small Business Lending Facility for Community Development Loan Funds (up to $300 million)
$2-3 Billion CDFI Bond Guarantee Program
$1.5 Billion State Small Business Credit Initiative (SSBCI)
SBA Enhancements Under Small Business Jobs Act
SBA Small Loan and Community Advantage Programs
Non-CDFI Banks
Small Business Lending FundSBA Enhancements
State Small Business Credit Initiative
Opportunities for Collaborating with CDFIs
CDFIs
Small Business Lending Facility for Community Development Loan FundsCDFI Bond Guarantee
SBA Community Advantage
State Small Business Credit Initiative
Opportunities for Collaborating with Non-CDFI Banks
Optional Meeting
Round Table Discussion: SBA Community Advantage ProgramWe invite you to attend a round table discussion with Steve Smits, Associate Administrator of Capital Access, for those attendees that are interested in the Community Advantage program.