The SCEC Loan Officer processes, analyzes, and presents your loan application to the Sunrise Loan Fund Committee for evaluation. The Loan Officer does NOT vote on your application.
The loan committee meets at large, depending on need, but typically within two weeks of receiving a completed application packet. A completed application packet includes not only loan application and personal finance statement, but financial documents such as cash-flow/pro-forma statements, balance sheets, income statements, tax returns, business plans, etc.
While SCEC strives to process loan applications as expeditiously as possible, the process will be slower than a typical lending institution because SCEC does not have the resources of a full-time lending department and relies on a volunteer loan committee.
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