Are there any restrictions on how my loan can be used?
You can use the funds for any purpose related to the project. In the fund request process, you'll tell us how you intend to use the funds and we'll approve the funds to be used exactly as your needs are. A schedule on the use of funds will be part of the closing documents.
Will there be a site visit of my office?
Yes, usually there will be a site visit of your office for first time borrowers. If we choose to do this, it is usually done at our discretion and prior to closing or on the closing date. We're interested in building a long term relationship with your organization so meeting face-to-face will allow us to begin our relationship on a positive note.
If I have filed a bankruptcy in the past, am I still eligible for a loan?
Yes, if the bankruptcy has been discharged for at least one year.
If I or my business owes taxes, can I still get a loan?
We generally do not lend to those with back taxes. However, we will consider your unique situation if you meet certain requirements and if there is a tax payment plan in good standing. Otherwise, we can not provide you a loan.
Do you require documentations from my partners?
Yes, we may ask for documentations from all the partners in the company.