Loans will processed for members on our waiting list first, then non–members who joined our waiting list and, finally, new inquiries received after the waiting list was closed. Applications will be reviewed by our processing department for completeness, and a loan processor will request additional information from incomplete applications via phone or email.
Upon approval, applicants will receive loan documents to be signed via DocuSign and an email reminder to execute the documents. After we receive and review the executed loan documents, it may take approximately 2 - 4 business days to fund a loan to an existing First Service business account.
** Important: Because additional information may be required during the future forgiveness process, please be sure to keep a detailed record of how all loan funds were spent.