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One S. Church Street, Suite 200, Hazleton, PA 18201
p: 570.455.1508   f: 570.454.7787

General Loan Program Evaluation Criteria

CREDIT HISTORY

  • The business and its principals must have satisfactory history of meeting debt obligations in a timely manner.
  • Credit checks will be performed.
  • Prior bankruptcy does not immediately deny requests.

CASH FLOW

  • The business must show adequate cash flow, historical and/or projected, to service the entire debt.

COLLATERAL

  • Collateral and personal guarantees are required for the particular loan request.

MANAGEMENT

  • The business must demonstrate that it has experienced and adequate management to operate the company successfully.

BUSINESS PLAN

  • For start-up and new-to-market business; a Business Plan is required, including financial projections supported by assumptions.

INSURANCE

  • Hazard insurance must equal the value of the assets pledged.
  • Life insurance assignments are generally required on owners or key management personnel.

FEES

  • The borrower must pay all legal fees and any other closing costs.

Business Financing

CAN-DO-financing-web-logo

Receive assistance with business financing from CAN DO.

Cranberry Creek

Cranberry Creek

Residential, retail and entertainment options at this 366-acre park.

CAN DO Foundation

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Making a positive difference to the present and future well-being of the Hazleton area.

CAN BE, Inc.

CAN BE

Assistance for today's entrepreneurs from CAN BE, Inc.