Strong Results: Eergency Capital Investment Program
U.S. Department of Treasury
Wednesday, October 25, 2023
"According to these QSRs, in a little more than six months, ECIP participants originated a total of approximately $26 billion in loans of which approximately 75%, or $19.4 billion, went to LMI borrowers, borrowers in rural communities, and other categories of Qualified Lending. Approximately one third of ECIP participants' total originations, or $8.6 billion, were Deep Impact Lending, loans made to the hardest-to-serve borrowers, including those that are low income, residents on Tribal lands and in US Territories, and owners of very small businesses."