How to Apply for a Loan
Once an application has been received, with all the required documentation clients will be informed within 5 business days as to wheather their application has been approved or declined.
If the clients applicantion is declined they may then appeal the decision by completing the following steps:
1.) Indicate in writing within 14 days that they wish to appeal the decision and why.
2.) Appear at the next meeting of the Investment Review Committee to present their case. The committee will then meet in private to rule on the decision. The applicant will be notified of the decision by phone at the close of business that day.
If the applicant is declined again they may appeal to the Board of Directors, as a whole, by completing the following:
1.) Indicate in writing within 14 days that they wish to appeal the decision and why.
2.) Appear at the next meeting of the Board of Directors to present their case. The Board will then meet in private to rule on the decision. The applicant will be notified of the decision by phone at the close of business that day.
If the applicant is declined again, they may make an external appeal to the Community Futures Network of Alberta's Regional Appeal Committee, by completing the following:
1.) Submit an application for External Appeal Proccess within 10 business days of being informed of the decision of the Board of Directors
2.) The Regional Appeal Committee will meet within 15 Business days of the date the client ubmitted their Appeal process application. The client will be notified of the decision of the Regional Appeal Committee in writing.
