Loan Application Process & Documentation Checklist
Overview of the Loan Application Process
Our application process is designed to be straightforward and supportive:
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Preliminary Information
We’ll first collect some basic details about you and your business to determine eligibility.
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Information Gathering
Next, you’ll complete a few short questionnaires and upload documents so we
can better understand your business and financing needs.
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Ongoing Support
Our team will be there every step of the way to guide you through the
process and answer any questions.
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Documentation Checklist ​
You will need the following documents — if you don’t have the full requested
timeframe, partial records are fine. If you are missing a document entirely,
let us know and we’ll work with you to try to find an alternative solution.
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Project Cash Flow
Driver’s License or Passport
Household Tax Returns – up to 2 years (if available)
Personal Bank Statements – up to 2 months (if available)
Business Plan – if available
Business Profit & Loss (P&L) Statements – up to 2 years + Year-to-Date (if available)
Business Balance Sheets – up to 2 years + Year-to-Date (if available)
Business Bank Statements – up to 4 months (if available)
Business Tax Returns – up to 2 years (if available)
Insurance Certificate/Proof of Coverage
Lease Agreement or Proof of Ownership
Legal Documents in Compliance – e.g., business licenses, registration, permits, etc.
Who Qualifies for
a CDFI Loan?
Eligibility Requirements
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We prefer for-profit business, nonprofit and community-based organizations who have been in operations for (1) one year or more.
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Demonstrated 1:1 historical global cash flow capacity
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Must be located in Philadelphia, Bucks, Chester, Delaware, Montgomery, Gloucester, Salem, Atlantic, and Camden counties.
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Personal guarantors need a minimum credit score of 620