Policy and Procedure Manuals
We can develop and customize templates to fit your needs!
Given the latest changes in Regulations, an update to your Policy Manuals is most certainly overdue; and it is just as likely that your current Loan Policy Manual will probably not be sufficient (unless it covers board roles, internal controls, risk rating, servicing and liquidation, in addition to origination, underwriting and SBA compliance). The following are a few of the recommended policies for CDCs, for instance:
1. Loan/Credit Policy
2. Personnel Policy
3. Executive Compensation Policy
4. Board Policy, inclusive of conflict of interest and board commitment statements
5. Loan Grading and Risk Rating Policy
6. Servicing & Liquidation Policy
7. Internal Controls Policy
8. Policy with respect to CDC use of independent contractors
Do not pay extra for “fully customized” manuals when you don’t have to. Though CDCs are unique in many ways, we all operate under the same CFR and SOPs, and further, we all operate via the basic tenets of prudent lending. Allow Power Steering to customize our professionally developed templates into final products specific to your organizational and regional needs and structures. Rest assured we will accomplish this at a price your CDC can afford and not eat into the funds you need to reinvest into economic development in your area of operations.