How To Apply

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Loan Application Process:

How to Apply

Initial Inquiry

Call, email, or click the “apply” button on this page to describe how LEAF can address your financial needs. We will determine whether you would be a candidate for our lending services by asking questions about financial goals, social mission, uses of funds, credit, equity, and collateral.
If LEAF determines a business is not ready to apply at this time, we work with promising candidates to help strengthen the application.

Underwriting

If your business is ready for a loan, LEAF will prepare a credit memorandum, which will include background about the business, management capacity, available collateral, historical financials and projections, and any other relevant information. A site visit may also be conducted by a LEAF staff member.

Final Approval

Once all materials have been submitted to LEAF, we will analyze these documents and contact you with any further questions. LEAF will also assess each loan on the basis of the business’s “fit” with our social mission and the number and quality of jobs the business has created or has potential to create. LEAF staff complete a written credit memorandum for our Board of Directors describing the attributes of the transaction, including: rate, term, collateral, history and operations of the company, resumes of key individuals, information on any community partners, key customers, historical and projected financial statements, and competition.

Depending on the size of the loan, LEAF’s Executive Director or the Board of Directors decide on all credit and investment decisions. If the Board deems it necessary, it may direct LEAF staff to conduct additional due diligence before approving the loan or, make the loan conditional on certain requirements or actions by the borrower or other parties.

Reporting

Throughout the life of the loan, LEAF collects and monitors financial and social impact reports from borrowers. This social impact information allows LEAF to track how many units of housing have been created, how many jobs saved or created, and how our lending is benefiting underserved communities.

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