zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA CalCAP Electric - PowerPoint PPT Presentation

zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA CalCAP Electric Vehicle Charging Station (EVCS) Financing Program California Pollution Control Financing Authority (CPCFA) Lender Webinar April 29, 2015

zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA 2 Agenda • Welcome and Introductions • Workshop Purpose • Overview of CalCAP • Overview of CalCAP EVCS Financing Program • Program Eligibility • How to Participate • Q & A

3 zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA WORKSHOP PURPOSE

zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA 4 Workshop Purpose The CalCAP Electric Vehicle Charging Station (EVCS)  Pilot Financing Program is a Loan Loss Reserve Program with a Borrower Rebate component that supports electric vehicle (EV) infrastructure in California. The California Energy Commission (CEC) has allocated  $2 million to this pilot program scheduled to launch in June 2015. The purpose is to provide an overview of the CalCAP  EVCS Financing Program and encourage lender participation.

5 Program Participants zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA • CEC : Provides funding and policy direction • CPCFA : Administers 100% of the program • Lenders : Approve loans and submit Key program enrollments to benefit from credit Participants enhancement • Borrowers : Small business owners seeking an incentive to finance the acquisition and installation of EVCS at their place of business

6 zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA OVERVIEW OF CALCAP

7 Overview of CalCAP • The California Capital Access Program (CalCAP) was created in 1994 and is administered by the California Pollution Control Financing Authority (CPCFA). • CalCAP encourages banks and other financial institutions zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA to make loans to small businesses which have difficulty obtaining financing. • CalCAP has more than 20 years of experience administering loan loss reserve programs and over 100 approved lenders.

8 CalCAP Programs CalCAP Loan Loss Reserve CalCAP Collateral Support zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA CalCAP ARB On- Road Program CalCAP EVCS Financing Program

zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA 9 Loan Loss Reserve (LLR) Accounts • LLR is a mechanism to provide financing to businesses. • Pooled insurance fund which reduces the risk threshold. • A lender may recover up to 100% of the enrolled loan amount in case of loan charge-off. • The LLR Account may be held by the Participating Financial Institution or the Program Trustee.

10 Financing Terms • Lenders perform all loan underwriting, packaging, and servicing. • Lenders set and control all the terms and conditions on each loan. Loans may: • be short- or long-term • have fixed or variable interest rates • be secured or unsecured • Lenders may enroll all or a portion of the loan into CalCAP.

11 zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA OVERVIEW OF THE CALCAP EVCS FINANCING PROGRAM

zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA 12 CalCAP EVCS Financing Program Purpose • To encourage small businesses to install Electric Vehicle Charging Stations in California for use by their employees, customers or the general public.

13 How the Program Works • Lender Participation zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA • Contributions • Claims • Rebates • Additional Program Elements • Program Eligibility

14 zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA LENDER PARTICIPATION

15 Eligible EVCS Lenders • All lenders that are currently CPCFA qualified lenders are eligible. • New EVCS lenders with a California business presence may apply if they are one of the following: * Federal-Chartered Bank * Finance Lender / Leasing Companies * State-Chartered Bank * Small Business Investment Company * Credit Union * Consortium of the foregoing entities * Savings Association * Microbusiness Lender zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA * Federal Certified not-for-profit * Lending institution that has executed a Community Development Financial participation agreement with SBA Institution

16 How to Participate • To participate in the CalCAP EVCS Financing Program, lenders must submit a new or amended Financial Institution Application to CPCFA. • Lender must be regulated by a third party and in good zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA standing. • The Financial Institution Application can be found on the CalCAP website at: http://www.treasurer.ca.gov/cpcfa/calcap/forms/application.pdf

zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA A~ li tuti<m SU t ~bank :12502 ~ In=:il:.~ ~ecy ~lions ~i.fiod £ -­ A~ . gtW~n F~t>lbuncmoa f N~o ~RJ!inr; l or CaJ CAPID~ Parti<ipl~ e ~ - 17 How to Participate Callfo raia P olllio a Cntr ol Fiuariac Aolllority 915 Clpilol Mall. RDom 45 1 SKimll!oto, CA 9S SI4 Ca!C. u> FINANCIAL Il'iS TI T1JTION • .u>P LIC A TI ON :. __________________________________________________________ __ Cit ,- :__ ____ _ Stlle_ · __ Zip ;_ · ----------- Till! : __________________ __ C octaa Pl!non Nlll:e' .. _ ------------------------------------ Zip: . __________ __ Cit)c ______ _ Stlle: ___ .F..: . _______________ Pl>oae: _____________ Email o.ddres • ----------------------- Ty po of Appli< •lio o: 0 New Finmc:t>l !m1itu£ioc Appli<alioo 0 Amondod Fio.~Dci.olm Applitltion 0 c.!(:APC.Uilt Prouam( s) b terested illlllill:; D Cll<:AP Lo ss R.e<m'O 0 Ca!CAP AU lleso".ll<. es Bo.ud ( ARB ) O EVCS Ty po of bs littatioa 0 F edenl-dwte:ed b.u:k D S mall busiDts.s :il:.vestmer.t c ompaoy 0 0 Cr!dit UDioc 0 Sn i"ll• ossoci.arion Miaobusine" Ltnder 0 mtirution tlla t h.u...c,utd 1 plltidpition ~with the S BA ucdo. the &UUJ'lleod looo proyam 0 ~ 0 Fmw:olotuler .. deJicod pumlillll to the Califomill FmmciAI Code Section :12009 makio~ COI!IlllHCi.llloOIIS 15 defined punw:c. t 10 tlu! c.Iifomia FilwH:W Code Section Combined capitol and ""J' l liS a< ID0 5t rocer. t fiscl1 yo.or eDd ------------ Number of leD&Iing 1>:oncbs ---------- Re¢arory ~cy ------------ P!r Section 110 71 oftlu!CPCFA R.o,gul&tiom., by emol!ing 151 c.!CAP F ilwH:W lmli.QDoo: cenifi!s lhl t tlu! applicmt fuw:cW lmlinltiotl is no t subject B> • e&iO O<do. or other ll!gul&IOIJ' SltiCtioo ot!d ~ist The oppliwll with tho appropriate ti!dmll or body. •·hit:b .-o:Ud il!:pair irs. •lrilny 10 pmi<:iplte in tho Prop-;m1. sm 1r ~tory forth in f0!:11I11in!: tlu! The Finmc:aJ lnsliruion lgll!OS to folio•• tlu! Pn>uom 's proc!dures IS .., tho Lnr and rh o CipjuJ AccessPrognm for Small Bmil:eSiO s. to pencil Ill oudil of to emollod Qulified Loins. clwiDl: aonna1 The Finmc:aJ lnsliruiOll ~gl!OS any of i1s records Rlltiq in irs prnniles. by tho Au1hori!y ar lp!lll"- md to "'l'P IY business hmn oo such oilier infC~rm~lion co tH:I!IDillg "~ed tho e...amve Direc01r . Lams" wn o. req"li<Siod by The fuw:cW !mtinu:ionad:cowil<lgos th11 the Authorily llld tlu!St>.1r wiU bn'O oo liability to tho PlrlidJlaliDl:Filwlcill tr.slirulioo omderllle Pn>gnm !l<Cept from f1mds depomed in tho Loss RMem! !\ wr.m t for tho Puticipatiq Finmc:W !mtitation. 0 tho swus The leodtr anilies thl t there hi\ '! of tho finAcdaJ -0 sinct me arir;U>.alipp:iatioo ihll11'15 bfeo 00 chl"l:es 1 if appli<llion. unless Gplained in • sepm tr <locutnem on tho Panidpo~ thi$ is subrined to c.! CAP for appr onl an amtaded Finmc:aJ lm1iQDon 's le<tortlHd.. Sol e: all capi uliud<emu Ill! delinod inSoaioc &07 0oftlu! CPO'ARe~lions Amhoriz.ed Si Califo..U PolotiM C..,. olf' -0. Ao iHntT Uw OU. LACE RJ~I!Id Kro ll Attoam -=: Est1bli5h Lom Lo i!! hie'\~ 0 Trustee Bonl 0 Fimnrial lm1i!utioo Approru S~tur Eorollmflll O.tr E.cWliD CalCA.P@trns ur er. cuov or fu to (916) SS!I-2 SO S "' "

18 Establishing a Loan Loss Reserve Account • Upon approval of the CalCAP Financial Institution Application, a Loan Loss Reserve account will be established and held either by the Participating Financial Institution or the Program Trustee. • CPCFA will instruct the Program Trustee to deposit zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA contributions into the LLR account for each loan enrolled in the Program. • CPCFA will instruct the Participating Financial Institution or the Program Trustee to withdraw funds from the LLR account to pay claims and/ or borrower rebates.

19 zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA CONTRIBUTIONS

20 Contributions • No lender or borrower contributions. • All enrollments receive a base of 20% of the enrolled loan amount. zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA • Two options to increase the contribution to a maximum of 30%. • Multi-Unit Dwelling: 10% • Disadvantaged Community: 10%

zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA 21 10% for Multi-Unit Dwellings Multi-Unit Dwellings (MUDs) — • Classification of housing where multiple housing units are contained within one building or multiple buildings within a complex or community. • Common types of MUDs include condominiums, duplexes, townhomes, apartments, mobile homes, and manufactured-home parks.