Hello,

We have a $1MM swing line loan available to a business borrower. It appears to be under (associated with) a $10MM syndicated revolving line of credit transaction for working capital needs. There is no participation in the swing line; our bank has 100% share. Would this swing line be CRA small business reportable? I'm not familiar with swing line loans, so any information would be so helpful. I would appreciate any thoughts! Thank you!

A swing line typically is tied into a syndicated revolving line of credit and consequently is not a separate commitment. Therefore, I would not consider it to qualify as a small loan to a business for CRA purposes.

Thank you!!

Good morning!

I just wanted to add that we do have a separate Swing Line Note, separate from the revolving line of credit note. Would this make a difference for reporting purposes in your opinion?