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Non-profit development organization revolving loan fund report

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The document outlines the reporting requirements for Non-profit Development Organizations (NDOs) managing a Revolving Loan Fund (RLF) under CDBG Economic Development grants. It details the structure of the NDO, the process for loan repayments and fund administration, and specifies the information required for biannual reports to be submitted to the Nebraska Department of Economic Development. The report includes sections for NDO information, preparer details, RLF reconciliation, loan repayments, and loans/grants awarded during the reporting period.

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What is a revolving loan fund?

EDA provides Economic Adjustment Assistance (PDF) grants to eligible recipients to capitalize or recapitalize lending programs that service businesses that cannot otherwise obtain traditional bank financing (and in limited situations to governmental entities for public infrastructure).

What is the meaning of RLF?

Revolving Loan Fund (RLF) | U.S. Economic Development Administration.

Is the EDA program legit?

Fraud Alert Please note that EDA does not provide grants or other forms of financial assistance or benefits (including unemployment benefits) to individuals and does not ask individuals to disclose personal information. In addition, EDA does not require applicants to submit a processing or other fee.

Who qualifies for the EDA program?

Who is eligible to apply? higher education, or a non-profit acting in coordination with a political subdivision of a state. What criteria and requirements must be met to apply? a special need (certain unemployment or economic adjustment problems) as determined by EDA.

What is the EDA RLF plan?

Bank Loan Funds (BLF) are mutual funds that buy loans made by banks or other financial institutions to companies. These bank loans are usually senior secured debt and are mostly rated below investment grade because the borrowers ability to repay may be viewed as speculative.

What is an EDA plan?

Economic Adjustment Assists state and local interests in designing and implementing strategies to adjust or bring about change to an economy. The program focuses on areas that have experienced or are under threat of serious structural damage to the underlying economic base.