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Author(s): CUPR ( Burchell )
The purpose of this component of the study is to present analytic information on the EDA Revolving Loan Fund (RLF) program. What is the context of EDA RLF loans, how do the loan funds perform, how many jobs do they produce, and how much do those jobs cost? In addition, what is the default/write-off rate associated with loans under this program, and who benefits from the program?
This report evaluates the EDA FLF program. It is the most comprehensive report completed to date because it involves all active RLF loans as of October 1998. The loan pool at that time consisted of 450 EDA RLF grantees who had processed close to 12,000 loans, or an average of approximately 25 loans per grantee.
The study involved hand-coding information on 11,600 loans and on 422 grantees. Each of the loans was checked for completeness and accuracy of information. In most cases where information was missing or appeared in error, clarification was obtained from the grantees.
The report relies primarily on loan data from the grantees. Information on jobs created or loans defaulted on comes not from aggregated grantee information, but rather from individual loan data aggregated by the research team. |
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