SSBCI Loan Application Service

OBJECTIVE

CFO Plus, LLC will provide end-to-end support in applying for the State Small Business Credit Initiative (SSBCI) loan program, handling all aspects of the process on behalf of the client, excluding the preparation of business plans and pro forma financial statements.

This full-service approach ensures that CFO Plus, LLC will handle all aspects of the SSBCI loan application process on behalf of the client, minimizing the burden on the client while maximizing the chances of approval. This end-to-end solution is designed to provide a seamless and efficient experience for securing funding through the SSBCI program.

SERVICES PROVIDED

The following services will be performed by CFO Plus, LLC:

1. Conduct a comprehensive consultation to understand the client’s business and financial needs.
2. Evaluate the client’s eligibility for the SSBCI loan program based on current guidelines and develop a tailored strategy for application success.
1. Identify all required documents and gather them from the client or relevant sources.
2. Organize and review financial and operational records to ensure accuracy and compliance with SSBCI program requirements.
3. Handle any necessary adjustments or additional documentation required for submission.
1. Complete the SSBCI loan application on behalf of the client, ensuring all sections are accurately filled out and meet program guidelines.
2. Prepare supporting documentation to accompany the application.
1. Act as the client’s representative in all communications with participating financial institutions (e.g., Territorial Bank of American Samoa) and the American Samoa Department of Commerce.
2. Schedule and attend meetings or calls with program administrators, if necessary, to clarify requirements or provide additional information.
1. Review the completed application package to ensure it meets all program requirements and submission guidelines.
2. Submit the application electronically or physically to the appropriate agency or financial institution on the client’s behalf.
1. Track the application status and provide regular updates to the client.
2. Respond to follow-up inquiries from program administrators and resolve any issues or requests for additional information.
1. Support the client in understanding the terms of the approved loan.
2. Manage the preparation and submission of final documentation required for loan disbursement.
3. Ensure a smooth loan closing process, coordinating with lenders and relevant parties as needed.

DISCLAIMER

While CFO Plus, LLC will provide professional and diligent services throughout the SSBCI loan application process, we do not guarantee that the loan application will be approved. Approval decisions are solely at the discretion of the SSBCI program administrators and participating lenders, based on their assessment of the client’s qualifications and compliance with program requirements.

EXCLUSIONS

Preparation of business plans or pro forma financial statements (clients may engage external providers for these services).
Legal or tax advisory services beyond loan-related activities.

DELIVERABLES

Fully completed and submitted SSBCI loan application.
Organized and comprehensive set of supporting documents.
Regular updates on application progress and responses to agency inquiries.
Assistance with loan closing documentation.

TIMELINE

The timeline begins on the date the services agreement is signed.

Weeks 1-2: Initial consultation, eligibility assessment, and document gathering.
Weeks 3-4: Application preparation, review, and submission.
Weeks 5-6: Post-submission monitoring, follow-ups, and loan closing assistance.

Note: Timeline is subject to change based on client responsiveness and the processing time of the bank and SSBCI program administrators.

CLIENT RESPONSIBILITIES

Provide access to required documents, including financial records, licenses, and operational information.
Maintain open communication for prompt responses to queries or additional documentation requests.