What is the process for getting a loan?
Our qualifying process involves reviewing your financial statements, projections and business plan, and meeting you to get a sense of the company. If there’s a fit, we provide an interest letter, which is a non-binding summary of the major terms and conditions of the proposed loan. Once we agree, we complete our due diligence and submit your loan for approval to our Investment Committee, made up of executives from First West Credit Union in Langley, BC. You’re welcome to come and meet them! Once we obtain an approval, we have the loan agreement and securities drafted for your signing.