Refinancing Application Requirements Applications are accepted on a continuous basis. Applications must be submitted by a municipality on behalf of a business owner. A pre-application screening is required to determine if the MCCF is a reasonable vehicle for the business to use for securing additional financing. Business demonstrates clear need for MCCF financing. Business applicant is credit-worthy, based on the viability of the business.
Business has adequate cash flow to repay debt, and availability of collateral to secure the loan.
Number of jobs proposed to be created. Quality of jobs created as reflected in wage and benefit levels. The Application Package contains detailed instructions and all the forms needed to apply for the MCCF program. E.O.418 is assisting communities in addressing the housing shortage by ensuing that they are taking steps in increase the supply of housing affordable to individuals and families across a broad spectrum of incomes. Loan Terms MCCF structures each loan individually, often with the aim of making the financing package workable for lenders such as commercial banks.