Programs

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  Technical Assistance Certification Program (TACP)
  The TACP program focuses on establishing performance standards for technical assistance providers in California. CARAT has developed and implemented two pilot TAC programs that benchmark current performance in the industry. The findings are published and available upon request. Currently CARAT is in the final stages of implementing a statewide program that certifies Technical Assistance organizations who meet certain performance standards. The TACP assesses the current operations of the technical assistance providers as well as provides tools for building future capacity.

• Revolving Loan Fund Capacity Building Program
  CARAT provides capacity building training to revolving loan fund operators and CDFI's. Customized training seminars include program design and development, portfolio management, credit analysis, microlending, regulatory compliance and loan workouts and loan recovery management, managing high performance loan funds and loan fund capitalization.

• Customized Post Loan Technical Assistance Program
  CARAT has designed a Post Loan Business Assistance Program that trains and compensates business assistance providers to deliver financial analysis consulting services to CEDLI's Co-lending borrowers statewide. A financial analysis software tool has been developed to be used by the business assistance providers.

• Community Partners Program
  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 48 individual profiles, available on CARAT's website at www.caratnet.org/dirform.