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Tuesday, October 21, 2014

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CDFI Expands Business Lending in Southern New Jersey

CBAC Lending
Fiscal Yr.*
Loans Closed
CBAC Portion
Banks' Portion
Total
Total Portfolio Defaults (Based on Dollars Loaned)
Total Portfolio Delinquencies (30 days or more)
2001-2002
60
$2.1 MM
$9.5 MM
$11.6 MM
1.45%
2.02%
2002-2003
67
$2.4 MM
$5.1 MM
$7.6 MM
1.89%
1.81%
2003-2004
94
$3.2 MM
$6.4 MM
$9.6 MM
1.20%
1.54%
2004-2005
28**
$738,297
$966,500
$1.7 MM
1.25%
1.51%

* July 1 to June 30; ** as of September 30, 2004

Return to the Cascade article, "CDFI Expands Business Lending in Southern New Jersey."