HomeMy WebLinkAboutRLF Sept 20Revolving Loan Fund Books- August 2020
Loan Client Review
County # of loans $ Loaned out
Big Horn 2 $174,703
Stillwater 3 $437,353
Yellowstone 8 $400,195
Carbon 4 $144,281
Sweet Grass 2 $182,686
• I have 5 potential loans in various stages to get to committee. July-August-
September I worked with 23 potential loan clients. Many of the clients I am
seeing right now are large deals that are having trouble getting their primary
funding set.
• We are still expecting to receive the money from Big Horn County, but that
process has been stalled due to Covid.
• Overall, most of my clients have weathered the Covid storm so far! At this point,
we have not lost any loans. One client has moved business back to home to
decrease on expenses, but still in business.
• One Stillwater Co. loan was paid in full!!
Bank Balances as of August 31, 2020 Total available for lending
Bank of Joliet- EDA $25,131 25,131
Bank of Joliet-CDBG $182,841 182,841
Bank of Joliet- IRP $383,805 264,315
Bank of Joliet-Fromberg $29,756 29,756
$502,043