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What does GEFA examine, in considering approval of a loan application?

April 26, 2017application Approval considering examine gefa loan

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What does GEFA examine, in considering approval of a loan application?

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Assuming a project meets the initial requirements to be eligible for funding, GEFA will conduct a thorough review which focuses on the following three areas: • Relationship History – with prior GEFA loans • Project Funding – 100% of project funding has been identified and/or secured • Cash Flow & Liquidity – minimum Debt Service Coverage of 105%