Scenario:

2/10/06 the bank (large for CRA purposes) makes 2 separate loans one for $900,000.00 and one for 600,000. Both are reported as small business loans for CRA. 4 months later both loans are refinanced into one note and 500,000 of new funds are added. How do I go forth and report this loan for CRA? Do I not report it at all or do I just report teh 500,000 of new funds? Any help would be much appreciated. Thanks in advance.

As the origination amount of this single note is now over 1 Million Dollars it is no longer reportable as a small business loan