NEW YORK STATE CDFI LENDING MATRIX Isaac Roldan

NEW YORK STATE CDFI LENDING MATRIX Isaac Roldan, Director, Small Business Services, CAMBA

Lender: CAMBA BOC Capital Brooklyn Cooperative Federal Credit Union Greater Jamaica Accion East Renaissance FICO Minimum? No credit score minimum for loans less None, however to than $15, 000. A 650 access larger loans No minimum for loans a minimum credit between $15, 001 and score is needed $35, 000 500 Yes, 575 650, with exceptions made on a case-bycase basis Minimum time in operation None 1 yr 6 months None Bankruptcy? Ok if more than 10 years have passed. If less than 10 years will consider on a case-bycase basis. Chapter 7 - ok if dismissed or discharged more Okay if longer than Okay over 1 yr than 12 months ago 24 months ago Chapter 13 - ok if over 6 months ago None Determined on a case- Ok if more than 12 Okay if longer than Must be over 1 yr by-case basis. months ago 24 months ago Collections ok if Determined on a Arrearage? Case-by-case. over 6 months more than 6 case by case basis months old. Public records (i. e. tax All public records Payments must be Must be paid or liens, child support must be paid or Determined on a satisfied at time of loan proof of payments, civil must provide proof case by case basis closing. plan judgments) of payment plan Foreclosure? Loan type Term Loans Loan size $500 -$35, 000 Term Loans Purchase order/Contractbased loans $500 -$50, 000 Okay if longer than Okay if more than 7 12 months ago years have past Okay if longer than 24 months ago Up to $3, 000 in collections can be considered Okay if more than 7 years have past Determined on a case-by-case basis Up to $3, 000 in public records can be considered Term loans $500 - $200, 000 $10, 000 -$300, 000 $500 - $50, 000 Term $1, 000 to $100, 000

Lender: FICO Minimum? Minimum time in operation Bankruptcy? Foreclosure? Arrearage? Public records (i. e. tax liens, child support payments, civil judgments) Loan type Community Chautauqua Alternatives FCU Capital New York Development Corp. of Opportunities, Inc. Long Island 550 600 None 675 None (start-up No Minimum None 9 months in operation. loans available) Cooperative Federal Greater Rochester (Syracuse Cooperative. Housing Federal Credit Union) Partnership None NA Reviewed on a case-by -case basis. Prior bankruptcies are Compelling 2 yrs after Not in the last 36 Okay if more than justifications (such as NA generally deemed discharge months 2 years have past unacceptable. illness or job loss) are taken into consideration. Reviewed on a case-by -case basis. current on all debt Prior foreclosures are Compelling 2 yrs after Okay if more than justifications (such as NA obligations for the generally deemed discharge 2 years have past last six months unacceptable. illness or job loss) are taken into consideration. Applicants must not Must not have any open have open judgments or delinquent taxes. suits, judgments, current on all debt Case-by-case; Case-by-case, but Other collections or NA obligations for the payment plan must delinquent taxes, or frowned upon last six months be in place outstanding child past-due debts will be support issues. considered on a caseby-case basis. Applicants with prior Must not have any open public records will be considered on a casesuits, judgments, current on all debt All public records Case-by-case obligations for the delinquent taxes, or by-case basis, but NA must be paid last six months outstanding child these must be paid off support issues. or satisfied at the time of application. construction, predevelopment Term loans to for-profit Term, Commercial Term Loans and bridge loans to term and lines of small businesses (or non. Mortgage, Share Term, line-of-credit Revolving Lines of

Provider AEDC Albany-Colonie CAMBA Regional Chamber CMP - Business Outreach Center Coverage Area Clinton, Essex, Franklin, Fulton, Hamilton, Herkimer, Jefferson, Lewis, Oneida, Oswego, Saratoga, St. Lawrence, Warren and. Washington counties. 45 Hour EAP entrepreneurship Class and MWBE Albany, Saratoga, Rensselaer, Schenectady Lower Manhattan - Nassau/Suffolk Chinatown/Lower Counties East Side MWBE Entrepreneurial courses offered Certifications offered Brooklyn Financing, Business Entrepreneurial EAP, BAS, Biz Plans, Plan Development, Finance, Mobilize Finance, MWBE, Mobilizing your business, Your Business, Legal, Business Plan Branding, More Development, MWBE Certification Industry specific Looking at tourism- Food courses/Services focused instruction, based/agricultural offered food service business MWBE, Nx. Level Hofstra University Nassau, Suffolk Orange County Chamber of Commerce Westchester, Rockland, Ulster, Dutchess, Sullivan, Orange, Putnam Entrepreneurial EAP 60 Hour Course, Assistance MWBE Certification, Program, Operation Procurement Training, Downtown Seminars, Quick. Books, Customer Social Media Service, Sales & Workshop Series, Networking Training, Quick. Books Financing, Business Intermediate & Plan Development Advanced, MWBE Certification, Business Plan Development, Procurement Assistance MWBE/ Quickbooks MWBE Mid-Hudson Regional Revolving Loan Trust Fund, Minority & Women Business Loan Fund