Application and Evaluation Process
Business Advising Stage:
A business advisor will work with you to develop your plan if you don't already have one. The business plan and applicant must meet general program eligibility and criteria.
Loan Application Stage:
If your venture meets our basic program criteria, you will be asked to submit a non-refundable application and completed AWE loan application form for each director/partner in the venture. AWE will conduct a credit review on all applications, and your Business Advisor will then assess the loan application in detail. Please review our Loan Application Checklist before applying.
Final Review Stage:
Your loan application will be reviewed by a Committee based on:
- The viability of the business venture;
- Management and operational capacity;
- Marketability and consumer acceptance of the product/service;
- Repayment capacity;
- Credit history;
- Collateral security;
- Owner equity; and
- Overall financial risk
The length of time it takes to approve or decline your loan depends on:
- How clear your information is
- How complex your business plan is
- How quickly you are able to respond to information requests from your Business Advisor.