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SNIEDC Loan Application Process

Loan Application Process

1

Develop a Business Plan
2

Review the Product Descriptions for the Micro Loan, the Business Revolving Loan and the Commercial Mortgage Loan to determine which loan product best meets the needs of your small business.
3

Go to the Loan Application page for the loan product of your choice to download our application materials.
4

Complete, sign and notarize the loan application (Co-applicants must complete Appendix A).
5

Collect all the necessary documentation as described on the Checklist provided with the application.
6

Submit all your application materials and documentation to the SNIEDC Office.
7

Your application and documentation will go to the SNIEDC Loan Committee for review and to determine your interest rate.
8

The Loan Committee will recommend approval, denial or request more information from the applicant. Loan Applications under $100,000 (aggregate amount) will be determined by the Loan Committee. Loan Applications over $100,000 (aggregate amount) and Loan Committee approval will be submitted to SNIEDC Board of Directors for final determination.
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Loan Applications

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Micro Loan Application

Download
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Business Revolving Loan Application

Download
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Commercial Mortgage Loan Application

Download
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