Loan Application

New Business Loans

Loan Application Packet for NEW Businesses should include the following:

• Client Intake Form (click here to fill it out online)
• MCE Business Loan Application
• Personal Information Supplement
• Detailed Business Plan
• Cash Flow Projections for 2 years (24 consecutive months)
• Personal tax returns (2 years)
• Explanation of Credit – discuss bankruptcies, late payments, judgments
• Certificate of Good Standing
• Non-refundable application fee – phone payment via credit card or money order via mail
• Other supporting documents requested by Business Counselor.

Existing Business Loans

Loan Application Packet for EXISTING Businesses should include:

• Client Intake Form (click here to fill it out online)
• MCE Business Loan Application
• Personal Information Supplement
• Detailed Business Plan
• Cash Flow Projections for 2 years (24 consecutive months)
• Business Synopsis and Highlights
• Personal tax returns (2 years)
• Explanation of Credit – discuss bankruptcies, late payments, judgments
• Certificate of Good Standing
• Non-refundable application fee – phone payment via credit card or money order via mail
• Other supporting documents requested by Business Counselor.

Credit Builder/Emergency Loans

Loan Application Packet for Credit Builder/Emergency Loans should include:

• Client Intake Form (click here to fill it out online)
• MCE Business Loan Application
• Personal Information Supplement

The application will be reviewed and a credit report ordered, if required; all loans will be reviewed in house for approval or denial. When the application is received, it is reviewed and, if needed, the applicant will receive credit counseling.