MLA Newsletter: Extra, Extra, Get the MicroLending News Issue

In this Issue… The Election’s Effect on Microfinance Small Business and Responsible Lending, A Legislative Workshop Borrower’s Bill of Rights 2.0 Changes to the CalCAP Program, a conference call MicroLenders Forum on February 1, 2017 Research: Bridging the Small Business Credit Gap Through Innovative Lending News ICYMI: Read and share Claudia’s op-ed in American Banker

MLA Newsletter: Trends in Microlending

In this Issue… Success Story: Mendocino Wool’s DPO 32% Annual Growth Projected for MMS CrowdFunding Webinar Modify The State Loan Guarantee Program to Include Online Lending Research:  Analysis of Business Loan Terms Research:  The Fed’s 2015 Small Business Credit Survey News But first HOT OFF THE PRESSES!  Read and share Claudia’s op-ed in American Banker

MMS Progress Report: January – June 2016

Summary Six organizations participated in the MMS cohort during the first half of 2016: CDC Small Business Finance, Economic Development & Financing Corporation, Fresno CDFI, Mission Economic Development Agency, Opening Doors, and Women’s Economic Ventures. They have received a combined total of 311 applications so far this year, and funded a total of 89 loans.

Mendocino Wool Completes Direct Public Offering (DPO)

by Susan Brown Local Investing: Another Facet of Community Lending Many CDFIs focus on scaling their microlending, Community Advantage and SBA 504 loans. Another branch of community lending is represented by a project in Mendocino County – social impact lending using a Direct Public Offering (DPO) in which an investment opportunity is offered and sold

MLA Newsletter: Lending Gone Wild

In this Issue… MMS Going Gangbusters DBO Report: Online Lending Surges DBO Guidance on SB 197 Education Electeds on Responsible Lending Banker's Perspective: Byron Reed, Wells Fargo Research:  SmallBiz Perspective on Online Lenders News MMS Going Gangbusters Our participating CDFIs continue to have success with MMS! CDC Small Business Finance opened their program up to

MLA Newsletter: Strengthening the Case for Responsible Lending

In this Issue… Process Mapping MMS and Increased Businesses Creditworthiness State Electeds Educated on Responsible Business Lending at Annual Meeting Research: U.S. Department of Treasury – Opportunities and Challenges in Online Marketplace Lending Research:  Opportunity Fund Report – Unaffordable and Unsustainable Opportunities News Process Mapping Process mapping, which creates transparency and detail, is one solution

MMS and Increased Businesses Creditworthiness

Thanks to Andrew Cole for this article. Many of the borrowers that CAMEO microlenders serve aren’t able to access traditional capital for a variety of reasons – their credit is below bank standards, their business is too new, their cash flow is too tight. What happens to those borrowers, when they don’t quite qualify for

Process Mapping Your Way to Increased Loan Volume and Impact

Thanks to Susan Brown for this post. Lending is a complicated affair. Most CDFIs start small, with informal, idiosyncratic loan processes that involved much conferring among staff. As an organization grows, there isn’t time or resources for these labor-intensive ways. Yet process, once established, can become entrenched – staff is attached to established practices. It