Any loan fund with at least three years of operating history and audited financial statements may participate in the Aeris Cloud. To drive adoption of the system, Aeris is currently offering free access to reporting institutions. Among other benefits, reporting institutions receive free access to longitudinal peer analytics. Download an information sheet about reporting to the Aeris Cloud.
The Aeris rating process is extremely rigorous. In general, Aeris advises that ratees have at least five years of operating history and at least $2-5 million in total assets. Aeris charges a small fee to ratees. Rating fees range between $3,000 and $15,000, depending on the organization’s complexity, asset size, and scheduling urgency. Contact us to discuss if undergoing an Aeris rating is right for your organization, or sign up for one of our office hours.
Read more about why CDFI loan funds become rated.