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General Loan Requirements
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Must be a member of QCDO
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Business must reside in our service area
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Complete Loan Application
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Business Plan
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3 years of Personal/Business Tax Information
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Adequate Collateral
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10% Owner’s Investment
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Checklist is available with other requirements
All loans are subject to review by the loan officer and the
Loan Review Committee (LRC). The loan process can take from
4-12 weeks (pending required information).
Business Projects
Our loan program will primarily - but not exclusively -
provide business loans to the following types of business
projects:
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Childcare Services
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Construction Work
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Manufacturing
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Beauty Salons / Barber Shops
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Transportation Services
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Restaurants / Cafes
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Specialty Shops
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Funeral Homes
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Cleaning/Detailing Services
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Trucking Companies
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Home-based Goods / Services
Under the requirements of our ultimate funding agency, we
unable to provide loans to following types of business
projects:
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Farming & Agriculture Productions
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Lending & Financing Companies
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Any illegal gambling & other activities
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Any hotels, motels, tourist homes or convention centers
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