CEDLI, the California Economic Development Lending Initiative, is a statewide for-profit loan fund sponsored by California financial institutions. The purpose of CEDLI is to create jobs by providing financing to support small business and community economic development activities which fall outside of normal bank lending practices. CEDLI aims to achieve and sustain financial self-sufficiency to ensure the continuing availability of credit to CEDLI borrowers, while providing appropriate returns for the funds placed at risk by the participating institutions. CEDLI serves both urban and rural California through a partnership of a wide diversity of banks, public sector and nonprofit sector partners. Through the establishment and operation of the CEDLI loan fund, participating financial institutions offer more flexible sources of financing to both traditional and non-traditional borrowers while sharing risks among fund participants.

2008 CEDLI Annual Report