Common use of DEMOGRAPHIC-RELATED DATA Clause in Contracts

DEMOGRAPHIC-RELATED DATA. Attached, if chosen to be provided, is the Borrower and its principal owners completed Borrower and Its Principial Owners’ Demographic-Related Data, (see Schedule C-2). The undersigned is an authorized representative of the Borrower. By: Its: Date: This transaction is supported with funding provided through the State Small Business Credit Initiative (SSBCI), a federal program that supports small business lending and investment programs in states, the District of Columbia, territories, and Tribal governments (collectively known as participating jurisdictions). SSBCI programs are designed to expand access to capital, promote economic resiliency, and create new jobs and economic opportunity. SSBCI provides funding for participating jurisdictions to support businesses owned and controlled by socially and economically disadvantaged individuals (SEDI-owned businesses)1. This certification provides documentation that an SSBCI loan or investment supported a SEDI-owned business. The information collected from this certification can only be used for purposes of the SSBCI program and must not be used for any other purposes (e.g., marketing, sale to third parties). The information collected must also not be used in a manner that violates any applicable antidiscrimination laws, including, but not limited to, the laws specified in Section IX.b of the Capital Program Policy Guidelines (Compliance with Civil Rights Requirements). (1) that apply. The Borrower shall also complete Section 2 and 3 below that apply. (1) (A) ☐ Borrower IS a Business enterprise that is owned and controlled2 by individuals who have had their access to credit on reasonable terms diminished as compared to others in comparable economic circumstances, due to their: ☐ membership of a group that has been subjected to racial or ethnic prejudice or cultural bias within American society; ☐ gender; ☐ veteran status; ☐ limited English proficiency; ☐ disability; ☐ membership of a federally or state-recognized Indian Tribe; ☐ long-term residence in a rural community; ☐ residence in a U.S. territory; or ☐ membership of another underserved community.3 1 SSBCI funds count toward fulfilling the “expended for” requirement for the $1.5 billion SEDI allocation and toward qualifying for initial eligible amounts under the $1.0 billion SEDI incentive allocation if the SSBCI funds have been expended for loans, investments, or other credit or equity support to any of the four groups of businesses set forth in Section IV.a of the SSBCI Capital Program Policy Guidelines. While a participating jurisdiction may reasonably identify group (4) businesses (i.e., those located in Community Development Financial Institution (CDFI) Investment Areas) based on businesses’ addresses from the relevant loan, investment, and credit or equity support applications, certification is required with regard to groups (1) through (3).

Appears in 1 contract

Sources: Small Business Capital Access Program Agreement

DEMOGRAPHIC-RELATED DATA. Attached, if chosen to be provided, is the Borrower Operating Company and its principal owners completed Borrower Operating Company and Its Principial Owners’ Demographic-Related Data, (see Schedule C-2D-2). The undersigned is an authorized representative of the BorrowerOperating Company. By: Its: Date: Date (Operating Company Signature Page to Operating Company Certification-Exhibit d) This transaction is supported with funding provided through the State Small Business Credit Initiative (SSBCI), a federal program that supports small business lending and investment programs in states, the District of Columbia, territories, and Tribal governments (collectively known as participating jurisdictions). SSBCI programs are designed to expand access to capital, promote economic resiliency, and create new jobs and economic opportunity. SSBCI provides funding for participating jurisdictions to support businesses owned and controlled by socially and economically disadvantaged individuals (SEDI-owned businesses)1businesses)5. This certification provides documentation that an SSBCI loan or investment supported a SEDI-owned business. The information collected from this certification can only be used for purposes of the SSBCI program and must not be used for any other purposes (e.g., marketing, sale to third parties). The information collected must also not be used in a manner that violates any applicable antidiscrimination laws, including, but not limited to, the laws specified in Section IX.b of the Capital Program Policy Guidelines (Compliance with Civil Rights Requirements). (1) that apply. The Borrower shall also complete Section 2 [LENDER: INSERT OPERATING COMPANY’S LEGAL NAME:] (“Operating Company”) hereby certifies to the MSF and 3 below that apply.the Lender that: (1) (A) ☐ Borrower the Operating Company IS a Business enterprise that is owned and controlled2 controlled6 by individuals who have had their access to credit on reasonable terms diminished as compared to others in comparable economic circumstances, due to their: ☐ membership of a group that has been subjected to racial or ethnic prejudice or cultural bias within American society; ☐ gender; ☐ veteran status; ☐ limited English proficiency; ☐ disability; ☐ membership of a federally or state-recognized Indian Tribe; ☐ long-term residence in a rural community; ☐ residence in a U.S. territory; or ☐ membership of another underserved community.3 1 5 SSBCI funds count toward fulfilling the “expended for” requirement for the $1.5 billion SEDI allocation and toward qualifying for initial eligible amounts under the $1.0 billion SEDI incentive allocation if the SSBCI funds have been expended for loans, investments, or other credit or equity support to any of the four groups of businesses set forth in Section IV.a of the SSBCI Capital Program Policy Guidelines. While a participating jurisdiction may reasonably identify group (4) businesses (i.e., those located in Community Development Financial Institution (CDFI) Investment Areas) based on businesses’ addresses from the relevant loan, investment, and credit or equity support applications, certification is required with regard to groups (1) through (3).

Appears in 1 contract

Sources: Small Business Capital Access Program Agreement