Loan Programs
How to Qualify and Underwriting Criteria
The BDC wants your business to succeed. To that end, the BDC will work closely with all borrowers to make sure their business is ready for debt financing and is best prepared to pay the debt back. Please use this guide to help you understand the BDC's underwriting process.
Borrowing 101: This document explains the BDC's underwriting process and helps borrowers understand what they will need to have for the BDC to make a lending decision.
See URA program guidelines here: BDC loan program guidelines and summaries
The BDC understands that securing commercial real estate financing and business financing for your project can seem like a daunting process. We are ready to help walk you through the procedures and give the consultative advice that is necessary for you to become comfortable with the many nuances of commercial lending. The BDC is committed to making the commercial lending process as comfortable and seamless as possible. We hope this overview of the underwriting process may serve as a first step in knowing what to expect with commercial lending.
The BDC examines these traditional core attributes of borrowers when making financing decisions:
- Collateral (at 504experts.com)
- Cash Flow (capacity to repay) (at 504experts.com)
- Credit Analysis (at 504experts.com)
- Character (at 504experts.com)
- Capital (at 504experts.com)
The BDC finances viable, growing businesses and commercial real estate development.
In addition to these criteria, the BDC looks to invest in projects that are improving blighted buildings, creating jobs, and are revitalizing communities.
Contact the BDC today at bdc@ura.org or 412-255-6669.