CARAT has partnered with CEDLI to develop a Community Partners Program. The program is designed to certify and train selected business assistance providers (Community Partners) to package CEDLI Co-Lending loan applications. Community Partners are eligible to receive a loan packaging fee of 1 percent of the loan amount upon loan booking. The California Economic Development Lending Initiative (CEDLI) Co-Lending Program targets loans to emerging businesses that are unable to qualify for conventional bank financing. To date, 48 economic development nonprofits have been certified as Community Partners. CARAT has published a Community Partners Directory with individual profiles, available here.
