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#2244849 - 10/29/20 10:19 PM PPP loan to non-profit reportable?
Lori01 Offline
100 Club
Joined: Jan 2007
Posts: 175
VT
Since these loans are not secured by anything, if the loan is made to a non-profit, should we exclude them from reporting?

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#2244899 - 10/30/20 07:26 PM Re: PPP loan to non-profit reportable? Lori01
InFairness, CRCM Offline
Platinum Poster
InFairness, CRCM
Joined: Nov 2010
Posts: 930
USA
Are you talking about reporting as Small Loans to Businesses and Farms or as Community Development Loans?
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#2244905 - 10/30/20 08:17 PM Re: PPP loan to non-profit reportable? Lori01
Lori01 Offline
100 Club
Joined: Jan 2007
Posts: 175
VT
Small business loans.

But maybe they should be pulled out and reported as CD loans. For some reason I'm just having a mental block about this.

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#2245238 - 11/06/20 06:28 PM Re: PPP loan to non-profit reportable? Lori01
Len S Offline
Diamond Poster
Joined: Oct 2004
Posts: 2,090
Connecticut
The key is the Call Report instructions. If you make a loan to a non-profit it ordinarily is not included in the C&I item 4a, but rather in Item 9 and therefore may qualify for community development under one of its CRA definitions. However, if the loan is secured by non-residential non-farm property it would appear in item 1e, and if <=$1 million would be reported as a small business loan for Call Report purposes (and therefore for CRA purposes).

Any PPP loans would qualify and flexible, innovative or even complex and should be isolated for extra credit during a CRA exam.
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