B. CAIP direct loan program. Applications for CAIP financing under the CAIP direct loan program are evaluated initially by the Director of the Los Angeles Office. The Funding Subcommittee forwards the applications that it receives from the Director of the Los Angeles Office and the recommendations of the Funding Subcommittee to the Finance Committee for its endorsement. County job losses and need for transaction assistance. Basic job-related benefits provided by employer 5 points available through employer 2 points 3.
Management is a critical component in the success of any venture.
Projects or programs will be evaluated to determine the experience and past and likely future success of the proposed management. Maximum points will be given to projects and programs that will have a management with substantial experience in the operation of the proposed business or program. Fewer points will be assigned to proposals as to which management has limited directly relevant experience, although related experience will be taken into consideration. Projects and programs are expected to be able to repay the CAIP financing in a timely manner, to provide adequate security, and to leverage successfully other sources of capital. Maximum points will be given to projects and programs that appear to be able to repay the CAIP financing promptly with a reasonable rate of return, that provide adequate collateral or other forms of security, and that have attracted other financial resources.