About The Process

The process of applying for a small business loan with Community LendingWorks is divided into 4 phases. By completing a loan inquiry online, it allows us to quickly determine if we may be able to help you get the financing you need. The process below is a general guide, as CLW does customize the review and approval processes by taking into account your individual circumstances, requests and needs. We do not use software to get to a “yes” or “no” answer.

PHASE 1: Applicant completes online inquiry form

• 10-15 minutes to complete
• Provide information about your business, capital needs & financial condition
• Be transparent. All businesses have their challenges– share the bad, as well as the good.

PHASE 2: CLW reviews your completed inquiry form

• It takes up to 5 business days to review your inquiry. We will proceed in the following ways:
• Invite you to complete a full application (this process is not done online).
• Ask for additional documentation (business plan, financial projections, etc).
• If CLW is not a good fit at this time, if possible, recommend other lending options.

PHASE 3: Applicant fills out & submits full loan application

• A CLW loan officer will be in contact and will help you compile a complete application.

PHASE 4: Working towards approval

• Our underwriting team will review your application and communicate if additional information is needed.
• Approval generally occurs within 30 days of a completed application. Ask your loan officer about a potential timeline.
• Closing within 5 days of approval if all closing conditions are met.