|Step 1||Member-Applicant||Submits duly accomplished Business Loan Application Form and other supporting requirements to Loans Unit.|
|Step 2||AFPSLAI||Receives and evaluates loan applications.|
|Step 3||Member-Applicant||Pays for the processing fee and appraisal fee.|
1. Conducts Credit Investigation, Loan Evaluation and Approval of loan.
2. Upon approval of loan, informs the member-applicant immediately and agrees on schedule as regards submission of loan release requirements. For acquisition of commercial/agricultural property and loan take-out, prepares “Letter of Guarantee” (upon approval of loan) addressed to the seller/previous financier for the submission of loan release requirements.
3. Creates drawdown slip and prepares check.
|Step 5||Member-applicant||Submits loan release requirements|
|Step 6||AFPSLAI||Releases loan proceeds.|