Next Steps
RCIF’s goal is to simplify the loan process and complete the approval process as quickly as possible to get you started on your project. The following information needs to be reviewed by RCIF in order to assess your project and your loan request:
A personal financial statement for you and any other owners of the business/project
Personal tax returns for you and any other owners of the business/project for most recent year
Business tax returns for past two years, if applicable
Contract or letter of intent for property
Description and estimates for improvements
Comparable sales data for other similar properties in the immediate vicinity to establish value of the project property
A satisfactory credit score and no history of code violations or delinquent real estate taxes
A satisfactory title search on the project property
RCIF reserves the right to request additional information on a case-by-case basis.