How does the loan application process work, and how quickly can I expect an answer on my loan application?
Normally, the loan application and review process takes 3 to 7 weeks, depending on your timing and expediency in providing required information. Applicants must, at a minimum, submit a completed application for financing, and personal financial statements for each borrower and/or guarantor. These forms are available in the Download Forms section of our website In most instances, we also require that you submit a completed business plan and supporting financial projections, such as a cash flow budget. Business plan and financial projection templates are accessible in the Business Planning Tools section of our website. Our experienced staff will review your application, personal financial statements and business plan. Interviews are conducted as part of our due diligence process, and additional information to complete our credit assessment may be required. Staff is then responsible for writing up the assessment on your credit application and provide recommendations to the Board of Direct
