Q & A 

How is this loan different than one from a mainstream bank?  
Borrower have the same responsibilities to LCLF as they would a conventional bank. However the terms at which they borrow the funds are adjusted to meet needs of our clients by making them more affordable.

Is a gift made to LCLF tax deductible?
Yes

Can a financial institution receive CRA credits for making a loan or investment in LCLF?
Yes and also receive significant monetary rewards from Treasury, as well.

What are the terms for a business to make a capital loan to LCLF?
The terms are negotiable and unique to the lender.

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