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 Credit Builder Loan Application
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.