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#2023432 - 06/26/15 05:29 PM Gross Annual Revenue question on CDL
tedster Offline
100 Club
tedster
Joined: Jul 2006
Posts: 110
Philadelphia
Does the gross annual revenue requirement (Activities that promote economic development by financing businesses or farms that have gross annual revenues of $1 million or less) count for the business as a whole, or on the specific location being financed? We are financing a new location for a business that has several other locations, and the business as a whole has over $1mm in gross annual revenue.
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CRA
#2023444 - 06/26/15 05:47 PM Re: Gross Annual Revenue question on CDL tedster
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
The borrower as a whole, not one specific location where they do business.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#2023455 - 06/26/15 06:05 PM Re: Gross Annual Revenue question on CDL tedster
tedster Offline
100 Club
tedster
Joined: Jul 2006
Posts: 110
Philadelphia
Ok, thanks!
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There's a reason why we don't baptize cats.

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