Application Information
Small Business Loan Application & Application Checklist (PDF: 419)
Following the submission of a complete application, a turnaround time of
90 days to funding can be expected if all elements of the project are in place.
The estimated process is as follows:
- Loan officer site visit
- Initial overview presentation to advisory-board representatives
- Completion of financial due diligence
- Completion of full credit memorandum
- Final presentation of applicant's request to investment committee
- Applicant receives commitment letter
- Funding of initial disbursement 30 days following City's receipt of signed
commitment letter and all required submissions
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