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Fists in Solidarity

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

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