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FULL PACKET_2012-02-21
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FULL PACKET_2012-02-21
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7/22/2016 3:43:24 PM
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City Clerk
Agency
Clerk of the Council
Date
2/21/2012
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SoCal Reinvestment CDFI <br />Home About Us Apply for a Loan <br />>> History <br />Board of Directors History <br />N Loan Committee <br />» Member Banks <br />Page 1 of 1 <br />FAQ Nevis Resources Contact Us <br />Southern California Reinvestment CDFI (SCR) was established In January <br />2005 as a result of the merger between Inland Empire Lenders' Community <br />Development Corporation, a Certified Development Financial Institution <br />(CDFI) established In 1995 and Bankers' Small Business Community <br />Development Corporation of Orange County, a Community Development <br />Financial Institution (CDFI) established in 1995. Southern California <br />Reinvestment CDFI is certified by the U.S. Department of Treasury as a <br />Community Development Financial Institution (CDFI) and by the State of <br />California, Department of Insurance California Organized Investment <br />Network (COIN), as a California CDFI. <br />Southern California Reinvestment CDFI Is a for profit corporation regulated <br />by the California Department of Corporations under lender license number <br />603 5113. Loan funds are established through the Investment Into loan pools <br />by shareholders. The company Is administered by CDC Small Business <br />Finance through an Administrative Agreement and Memorandum of <br />Understanding. <br />The corporation was created to promote, develop and improve the economic <br />conditions of people In Southern California with a focus on Orange, <br />Riverside, and San Bernardino Counties. Through small business loans, and <br />technical assistance SCR seeks to Improve the condition of small businesses, <br />particularly those owned by minorities, women and persons In low to <br />moderate Income census tracts. SCR strives to graduate borrowers to SBA or <br />conventional bank financing In a three year period. <br />@ 2006 SoCal Reivestment CDFI. Photos by Travis Kiger, lonnei Medina, and Raymond Shobe <br />http: / /www.socaledfi.coinlabout 13A-32 10/22/2007 <br />
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