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#1540895 - 04/26/11 12:55 PM Definition of Small Business Loan
Anonymous
Unregistered


Can anyone please define exactly what constitutes a small business loan for CRA reporting purposes?

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#1540922 - 04/26/11 01:21 PM Re: Definition of Small Business Loan [Re: Anonymous]
Kathleen B Online

10K Club

Registered: 12/27/00
Posts: 17583
From Reg BB definitions:

(v) Small business loan means a loan included in “loans to small businesses” as defined in the instructions for preparation of the Consolidated Report of Condition and Income.

(w) Small farm loan means a loan included in “loans to small farms” as defined in the instructions for preparation of the Consolidated Report of Condition and Income.

So, for small business it is a loan of $1,000,000 or less that are reported on Schedule RC-C, part I, items 1.e.(1)
and 1.e.(2), and item 4 (c&i loans) of the call report.

Small farm loans are those reported on Schedule RC-C, part I, item 1.b, and Schedule RC-C, part I, item 3, of the call report.

The call report of course captures all of your loans in those categories. For CRA reporting purposes, you want loans for the period you are reporting that are in those categories.

If loans at your bank are not coded properly on the call report, you must go back and refer to the definitions for these sections.

(No loans primarily secured by residential real estate may be small business for example-those are on another line of the call report.) There are many other rules that are all determined by the call report - no construction loans, no loans to non-profits that are not secured by real estate, etc.


Edited by Kathleen B (04/26/11 01:53 PM)
_________________________
Kathleen Blanchard CRCM "Kaybee"
Lending/CRA/HMDA/Mapping/Consulting
www.kaybeescomplianceinsights.com

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#1678908 - 03/16/12 04:13 PM Re: Definition of Small Business Loan [Re: Kathleen B]
Chocaholic Offline
Gold Star

Registered: 08/15/05
Posts: 361
Loc: Northwest
Do renewals of small business loans count in current year?

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#1678929 - 03/16/12 04:45 PM Re: Definition of Small Business Loan [Re: Anonymous]
Kathleen B Online

10K Club

Registered: 12/27/00
Posts: 17583
If you originated a loan in the current year and then renewed/refinanced in the current year with new money you report the new money by either reporting a second time (add a digit or letter to the loan number) with just the new money, or just report once for the total amount loaned in the year (original + new money).
_________________________
Kathleen Blanchard CRCM "Kaybee"
Lending/CRA/HMDA/Mapping/Consulting
www.kaybeescomplianceinsights.com

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#1678940 - 03/16/12 05:15 PM Re: Definition of Small Business Loan [Re: Kathleen B]
Chocaholic Offline
Gold Star

Registered: 08/15/05
Posts: 361
Loc: Northwest
Thank you!

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