Funding Process
Does the thought of applying for a loan feel overwhelming? It doesn’t have to be! We provide one-on-one guidance before, during and after the loan process, working as your Co-Pilot navigating through financial systems. From developing new skills to connecting borrowers with like-minded customers, partners, and markets, we coach through every challenge and cheer every success. Below you can see the main steps in the process.
One-on-One Business Development Services
Our Funding Process provides one-on-one Business Development services pre and post loan. Complete the loan inquiry form or contact one of our loan officers directly and tell us about your business to start the process!
Talk with a Loan Officer
We personally match a loan officer from our lending team to your business. A loan officer will reach out to schedule a call to discuss topics such as intended use of funds, desired loan amount, and business model. Put simply, we want to learn who you are, what you want to do with the funds and how you will pay the loan back.
Apply
Complete and submit your loan application online or “on-paper”. Your FTHF loan officer can work one-on-one with you to help gather the required documents and complete your application.
Feed the Hunger Fund endeavors to make our website and loan application process accessible to any and all users. If you require assistance at any stage of the loan application process due to an accessibility issue or with matters related to Title IV compliance, please contact us at info@feed-hunger.com or call Mike Canale, by phone at (773) 480-9226. Information can be provided in an alternative format or language upon request.
Application Review
Lending is more than numbers. Our character-based credit analysis model looks at each applicant’s commitment to community, entrepreneurship training, and connection to community organizations, in addition to the usual financial criteria. Once your completed application and required documents have been received, your FTHF loan officer will review your full application package and begin the financial analysis. This process usually takes 1-2 weeks, although sometimes it can be longer.
Funding Decision
Your FTHF loan officer will present your loan request to our passionate and dedicated Loan Committee, upon which a funding decision will be made. Once a decision has been made, your loan officer will contact you and, if you receive a conditional approval, we’ll tell you what closing conditions are required to close your loan.
Receive Your Funds
When closing conditions are met, we disburse the funds.
Repay
Repay your loan with automated monthly payments from your bank account.