OnCo Inc Impact Tracking Report
OnCo Inc Impact Tracking Report
OnCo is a mission-driven, nonprofit community impact lender focused on expanding access to capital for underserved and underbanked small businesses in the southeastern United States and Indiana. Powered by Loan Mantra’s secure, AI-enabled lending infrastructure, OnCo delivers transparent, efficient, and responsible credit solutions while maintaining rigorous compliance and data integrity standards.
During the reporting period, OnCo deployed capital into high-impact communities, improved borrower access to financing, and strengthened operational oversight through measurable, technology-enabled performance tracking.
- Total Loans Originated: $2,705,000.00
- Total Dollar Volume Deployed: $2,705,000.00
- Average Loan Size: $541,000.00
- Number of First-Time Borrowers: 5
- Portfolio Outstanding: $900,000.00
OnCo’s lending activity aligns with CDFI Fund Target Market requirements.
A. Geographic Impact
- Percentage of loans in LMI census tracts: 83%
- Rural market penetration: 60%
B. Demographic Impact
- Minority-owned businesses financed: 100%
- Women-owned businesses financed: 20%
C. Industry Focus
- Service sector: 100%
⚬ Retail: 60%
⚬ Transportation: 20%
⚬ Hospitality: 20%
All demographic data is self-certified and documented within the platform to ensure audit traceability.
Impact is tracked at origination and post-closing intervals.
A. Job Creation and Retention
- Jobs created: 8
- Jobs retained: 42
- Average wage impact: ~$42,000.00
OnCo promotes living wages for borrowers supporting FTEs
B. Business Stability
- Businesses reporting revenue growth post funding: 100%
- Repeat borrower rate: 60%
- Portfolio delinquency rate: 0%
OnCo’s real-time reporting dashboard enables ongoing portfolio health monitoring and early risk
identification.
OnCo prioritizes responsible underwriting and expanded credit access.
- Percentage of borrowers with limited prior bank financing: 0%
- Average borrower credit score range: 782
- Alternative data or character-based underwriting utilized: Yes
- Technical assistance provided: 100+ hours
The underwriting environment supports flexible but disciplined credit evaluation aligned with mission goals and prudent risk managemen
OnCo, by way of its affiliate Loan Mantra, provides:
- Full audit trails of credit decisions.
- Role-based access and segregation of duties.
- Encrypted document storage.
- Exception tracking and approval logging.
- Automated reporting for CDFI Fund and investor requirements.
All borrower demographic, geographic, and impact fields are structured data fields, reducing reporting risk and improving data integrity.
- Net charge-off rate: 0%
- Delinquency over 30 days: 0%
- Loan loss reserve ratio: 0%
- Risk rating distribution summary attached.
AI-supported workflow controls assist in early identification of covenant breaches and risk triggers while preserving human credit authority.
Capital deployed during this reporting period supported:
- Expansion of local employment bases.
- Stabilization of rural enterprises.
- Support for minority entrepreneurship.
- Revitalization of small business corridors.
By leveraging Loan Mantra’s automation and integrated reporting:
- Administrative processing time reduced by 40%.
- Manual data entry reduced by 70%.
- Reporting preparation time reduced by 50%.
- Data reconciliation errors minimized through validation controls.
This operational efficiency allows OnCo staff to focus more resources on borrower engagement and technical assistance.
Next reporting period priorities include:
- Expansion into additional rural markets.
- Increased technical assistance integration.
- Enhanced impact measurements annually.
- Continued refinement of risk analytics.
OnCo remains committed to responsible growth, measurable community impact, and disciplined portfolio stewardship.
Through disciplined underwriting, mission alignment, and technology-enabled transparency, OnCo continues to expand access to capital while maintaining strong portfolio performance. Loan Mantra’s secure and scalable infrastructure ensures impact measurement is accurate, defensible, and regulator ready.