Getting Ready to Apply for a Loan


HOW TO BEGIN:    If you’re ready to get started with a loan application, gather the documents listed below in the “Prepare” section and click on the “Apply” button below. This will take you to a short loan inquiry page which will take only a few minutes to fill out and submit. Once you’ve done that, we’ll take a look at the information and get back to you within 3 business days to let you know how to proceed.

    Basic financial information: If your inquiry is approved, you will be asked to share the following:
  • Your household budget
  • Household financial statement
  • A credit research authorization
    Once you qualify, you will:
  • Complete the Loan Application
  • Provide Financial Documentation (see details below)
  • Pay $30 loan application fee.
    Once your loan application is confirmed to be complete, it enters the review process where it will be reviewed by the Loan Committee. The Loan Committee meets on the last Thursday of each month. Expect anywhere from 15-60 days for the review process to be complete.


Prepare to submit the following with your application:

  • Startups (existing businesses are exempt) are required to submit a thorough, written business plan, including any historical financials
  • Proof of investment in business (examples include: equipment purchases, funds from outside investors, or founder investment)
  • 12 months of financial projections (profit-and-loss & cash flow)
  • Tax returns for the past two years (personal and business, if applicable)
  • Two most recent personal and business bank account statements
  • Verification of non-business income, such as paystubs
  • Current government-issued ID
  • Proposed use of funds and documentation (e.g. estimates or equipment pricing)
  • Business expansion plan describing how the loan will help your business
  • Documentation of business licenses and legal agreements
  • Recent financials for your business (two years of profit-and-loss, cash flow, balance sheet)


When you are ready to begin the application process click here