How to Apply For a Loan

Before moving forward, take a few minutes to read through our Lending Guidelines before you dive into the application. They spell out the basics, what we will and wont finance, our basic rates, and who qualified for lending from The Loan Fund.  This will let you know right away if The Loan Fund will be the best partner for your financing needs.

Our loan officers require complete applications with all necessary documentation. Gather your business license, entity-specific documents (articles of organization/incorporation, operating agreements, EIN letters), current financial statements (P&L, Balance Sheet), tax returns, and owner identification. Incomplete applications will not be processed, so thorough preparation is essential.

Once you’ve confirmed your fit with our guidelines and gathered all required documents, begin our secure online application process. You’ll provide detailed personal information, comprehensive business details, and specific loan requirements. Our encrypted platform protects your sensitive data throughout the entire process, ensuring complete confidentiality and security.

Our experienced loan team conducts a thorough, manual review of each application. We carefully examine your loan requirements, analyze business information, verify financial details, and assess the overall viability of your request. This hands-on approach ensures that each loan is properly evaluated and structured to meet both your needs and our lending standards and mission.

Following initial review, our underwriting team conducts comprehensive due diligence, which may include credit checks, business verification, reference checks, and additional financial analysis. We may request supplementary documentation or clarification during this phase. Our loan officers will maintain regular communication to keep you informed of progress and any additional requirements.

Your complete application package is presented to our Loan Committee for final decision. This committee of experienced professionals reviews all aspects of your application, including financial strength, business viability, and loan structure. You’ll receive a detailed decision notification with either approval terms, conditional approval requirements, or clear explanation if declined.

Upon approval, our team prepares comprehensive loan documentation including the promissory note, security agreements, and any required collateral documentation. We’ll schedule a closing meeting to review all terms, answer questions, and execute final paperwork. All conditions must be satisfied before closing.

Once all documentation is complete and conditions are met, loan funds are disbursed according to the agreed-upon schedule – either as a lump sum or in stages based on your project milestones. Our relationship doesn’t end at funding; we provide ongoing support and technical assistance throughout the life of your loan to ensure your continued success.