CommunityExpress Loan Program
Available to Lenders
REAP seeks to become a
technical assistance provider for a new pilot loan
program that emphasizes this important service.
is a pilot Small Business Administration (SBA) loan
program developed in collaboration with the National
Community Reinvestment Coalition (NCRC) and its member
Under the pilot program available to selected lenders,
an SBAExpress-like program will be offered to
pre-designated geographic areas serving mostly low and
moderate income areas and small businesses entering new
markets. The program will include technical and
management assistance, which is designed to help
increase the loan applicantís chances of success in
SBA initiated the CommunityExpress program in May of
1999 with about 10 NCRC lenders. The Agency is now
expanding the program to include Pilot Loan Program
lenders with at least a 90 percent currency rate on
their SBA 7(a) portfolio for the last three fiscal
years. Selected non-Pilot Loan Program lenders who meet
eligibility requirements for participating in the
SBAExpress program are also included.
Technical Assistance (T/A) has been recognized by both
NCRC and SBA as often crucial to the success of these
businesses. Borrowers must receive pre and post loan
closing technical and management assistance from local
non-profit providers and/or participating lenders, with
the assistance coordinated, arranged, and, when
necessary, paid for by CommunityExpress lenders.
CommunityExpress lenders must establish (and document)
an internal procedure to ensure the consistent delivery
of appropriate and effective technical and management
assistance. The process begins with identification of
qualified and committed T/A providers.
The focus then shifts to the CommunityExpress applicant
and the T/A providerís development of a business plan
(as appropriate). An assessment of the applicantís
management and technical assistance strengths and
If weaknesses are identified, the lender documents the
T/A providerís recommendations and the remedial plan.
The lender, in cooperation with the T/A provider, is
also expected to strongly encourage the applicant to
follow that plan.
The REAP program is in the process of applying to be a
technical assistance provider for the SBA
Community-Express Loan program. Find out more on the web