Submit a brief overview of your project so our team can determine alignment with the Loan Program. This step helps us quickly understand your goals, timeline, and potential community impact.

Applicants are strongly encouraged to begin the City of Aiken zoning and permitting process immediately upon entering the Aiken Corporation Loan Program, as this step involves potential lead times and is a required component for project approval and execution.

You’ll be asked to provide:

- Project or business overview

- Estimated funding request

- Location and timeline

- Expected economic impact

This is a quick first step—no detailed documents required.

If your project aligns, we’ll schedule a conversation to explore your project in more detail. This is an opportunity to discuss feasibility, financing structure, and readiness before moving forward.

During this phase, we’ll discuss:

- Project scope and vision

- Funding strategy and partners

- Timeline and next steps

Think of this as a working session—not a formal review.

At this stage, you’ll submit a full application along with supporting documentation so we can properly evaluate your request.

Typical materials include:

- Financial statements and tax returns

- Business plan or project summary

- Project budget and funding sources

- Collateral information

Applications must also include your current zoning and permitting status.

Our team conducts a detailed review of your project’s financial strength, feasibility, and overall risk. This ensures responsible use of funds and long-term success.

This review may include:

- Cash flow and financial analysis

- Credit and collateral evaluation

- Site visits or additional verification

 We may follow up with questions or requests for clarification.

Your application is presented to the Loan Committee for further evaluation and recommendation. This step provides an additional layer of financial and strategic oversight.

The committee evaluates:

- Financial risk and structure

- Community and economic impact

- Alignment with our mission

 Projects may be approved, modified, or returned for additional information.

The Aiken Corporation Board of Directors provides final approval for all loan decisions.

At this stage:

- Final terms are reviewed

- Conditions (if any) are established

- A formal decision is made

 Approved applicants will receive a Loan Term Sheet outlining next steps.

Once approved, all legal documents are finalized and required approvals must be in place before funds are disbursed.

Prior to closing, you must have:

- Zoning and permitting approvals

- Final project documentation

- Executed loan agreements

Funding may be issued as a lump sum or in phases depending on the project.

After closing, we stay engaged to monitor progress and ensure compliance with loan terms.

Borrowers may be asked to provide:

- Financial updates

- Project progress reports

- Ongoing compliance documentation

We’re here as a resource throughout your project.

Loan repayments are reinvested into future projects—helping sustain long-term economic growth in Aiken.

Your project helps fund the next one.