A Review of Our Successes
2022 Year End Lending Report
Loan Committee 1/12/23
2022 Lending Volume Overview
Amortized Lending
$1,046,157
(52%)
Up 250% from 2021
LOANS CLOSED: 50
AVG. LOAN: $20,900
Total Lending
$2,011,156
Up 479% from 2021
($419,250)
Forgivable
$965,000
(48%)
Up 250% from 2021
LOANS CLOSED: 28
AVG. LOAN: $34,500
Amortized Lending in 2022
Consumer Lending
9%
Home Repair
$81,700
Property Tax Assistance
$15,587
Qualifying Investment Area Census Tracts
66%
# of Loans
75%
Loan Volume
Small Business Lending
91%
Back 2 Business
$570,000
Micro Enterprise
$218,870
Small Business ($50k+)
$160,000
Amortized Small Business Lending in 2022
Total
$963,870
Loans Closed
40
96%
African
American-owned
Avg. Loan Size
$23,700
Woman-owned
55%
Back 2 Business Progress
-
Program deadline with Louisville Metro extended to August 2023.
-
21% Loan Capital remaining to lend
-
30% Operating Budget remaining
-
Jobs retained as a result of funding: 63 Full-time, 30 Part-time
-
Projected jobs created as a result of funding: 67 Full-time, 39 Part-time
Applicant Pipeline Update
-
$95k earmarked for committee review (January)
-
8 additional applicants in/near underwriting
