Participation loans are loans made by multiple lenders to a single borrower. CIFI participates with banks, non-bank lenders and other CDFIs. Loan participations can either be made on a pari passu basis with equal risk sharing for all loan participants or on a senior/subordinated basis. CIFI coordinates with the partnering lender to determine how a participation loan will benefit the customer and how the loan will be structured between the participating lenders and CIFI. Currently, CIFI maintains its share of the loan participation and continues to provide its customers with business technical assistance. The specific policy varies with circumstances.
For more information, please call 317-960-3710 or complete the online inquiry below. A CIFI representative will follow-up to consider the next steps.