Clients must also provide the following documentation. Upon submission of the information, the clients begin a rigorous 5-step process. As a general rule, the process takes 8 weeks, or longer, upon receipt of all requested and completed information. Click Here to Download 2. Client returns all requested information to the Institute.
Staff reviews all submitted information.
The staff review includes an analysis and underwriting of the financial information, a review of the business plan and a review of the personal credit report. Assist the client in completing the application. The course is offered monthly, and lasts approximately 2 hours, and is free to all participants. The Institute is a qualified loan intermediary, whose primary role is to receive, review, and process loan packages. The goal of the IRP is to finance business facilities and community development projects in Edgecombe, Halifax, Northampton, and Wilson counties.