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Initial Inquiry

Submit an initial inquiry using the link above. We will review your application and determine whether you would be a candidate for our lending services. If you pass an initial screen, a member of our lending team will be in touch to schedule a call, where we will ask additional questions about financial goals, social mission, uses of funds, credit, equity, and collateral. If LEAF determines your business is not ready to apply at this time, we will work with promising candidates to help strengthen your application.


Underwriting

If your business is ready to apply, LEAF will prepare a credit memorandum, which will include background about the business or nonprofit, management capacity, historical financials and projections, and any other relevant information. A site visit will also be conducted by a LEAF staff member in most cases.


Final Approval

Once all materials have been submitted to LEAF, we will analyze these documents and contact you with any further questions. LEAF’s Executive Director and board assess each loan on the basis of the “fit” with LEAF’s social mission, the number of low-income individuals served compared to the size of the investment, the visibility of the project, and the available collateral. The Executive Director completes a written credit memorandum for the board that addresses the structure of the transaction including: rate, term, collateral and other key features; the history and operations of the company; resumes of key individuals; information on the community partners; due diligence on suppliers; key customers; historical financial statements; and financial projections for the life of the credit facility.

The LEAF Board votes on all credit and investment decisions. Only non-staff board members are eligible to vote. If the board deems it necessary, it may direct the Executive Director to conduct additional due diligence before approving the loan or, as frequently happens, make the loan conditional on certain requirements or lender actions.


reporting

All LEAF borrowers provide financial reports on a quarterly basis and information regarding social impacts, such as housing created, jobs saved or created, and demographics of communities served.