Requests for funding are considered throughout the year by our Director of Lending and Network Services, who then presents the loan request to PCG's Loan Advisory Committee, which meets monthly to review loan requests.

Step 1:  Initial Inquiry.  We recommend you contact our Director of Lending and Network Services at faustk@pcgloanfund.org or (202) 689-8935 x. 23 to discuss your financing needs.  

Step 2:  Application Submission.  If your organization is interested in borrowing, you will need to submit:

• A completed application with a $250 application fee
• A project description and/or comprehensive business plan
• Audited financial statements for the past three (3) years (including balance sheets, statement of income and expenses, cash flow statement and management letters.  If audited financial statements are not available for the past three (3) years, you must provide compiled internal statements for as many years as available).
  
  We request that you submit your application and related materials via email to the Director of Lending and Network Services at faustk@pcgloanfund.org in PDF format.  If you cannot submit your application electronically, please send PCG a complete original copy of your application along with the required attachments to the attention of the Director of Lending and Network Services.
  
  Deadlines: Applications and required attachments may be submitted any time. To be considered for the current month’s funding round you must submit your application and all supporting documents by no later than the first Thursday of the month. 
  
  Step 3:  Application Review and Underwriting.  We will review, conduct due diligence, request credit reports, and engage in underwriting activities only for fully completed applications. You will likely be contacted by PCG or one of its lending partners with follow-up questions and requests for supplemental information as needed.
  
  Step 4:  Decision Making.  Requests for funding are considered by PCG's Loan Advisory Committee (LAC).  The LAC reviews applications monthly and approves complete applications that meet our evaluation criteria.
  
  Step 5:  Loan Closing Process.  If approved, you will be contacted by our lending staff to discuss the terms and conditions of a loan once it is approved and prior to issuing a loan commitment letter.  After loan closing documents are executed, funds will be wired directly to organization's or closing agent's bank account for disbursement to the borrower.
  
  Step 6:  Monitoring and Financial Reporting.  Generally, we require monthly interest and/or principal payments throughout the term of the loan.  In addition, PCG requires that borrowers submit semi-annual financial reports, annual audited financial statements, and an annual social impact report issued by PCG.