1. All applicants must
complete the Business Financing Questionnaire
as a first step to the application process.
2. Upon review of the questionnaire,
applicants will be advised within one week as to Commerce Capital's
level of interest.
3. A positive response
will provide potential clients with an opportunity to submit a written
business plan that includes the information contained in the Commerce
Capital business plan outline, the loan request summary and the credit
information release.
4. After an initial review
by a Commerce Capital representative, the documentation package will
be submitted to the investment committee for evaluation. Upon completion
of this evaluation, the application will be approved or rejected.
Potential clients may be required to make a presentation about their
company to Commerce Capital.
5. If the investment is
approved, due diligence will begin, legal documents will be drafted,
and closing scheduled.