Posted By: wblewis935
Fiber Optic Internet Provider - CDL? - 09/21/16 01:01 PM
We originated a commercial loan to a Fiber Optic ISP who provides high speed internet in various areas in our AA. None of the census tracts are distressed middle-income tracts, but there are a few LMI tracts. The primary beneficiary/objective is to serve the area hospitals with high speed fiber optic internet. I feel like this is a CDL, but I'm not sure how to qualify it and what the questions are that I need to ask the loan officer. Do I need to find out what hospitals are receiving the high speed internet and out of those how many are in LMI tracts? Fiber Optic isn't an option in the area currently, so do I go that route and say that this is a new service to the areas? I understand its a combination of many questions, but I'm not sure quite where to focus. And maybe this isn't a CDL at all....
Any help would be greatly appreciated! Thanks!
Any help would be greatly appreciated! Thanks!