APPROVAL PROCESS

Loan Approval Process

On average it takes from 4-6 weeks to complete the full loan approval process.  All applications are subject to review and approval by the Prestamos loan committee and board of directors.

Please click on the link below and complete the required survey before proceeding to the loan application.

How We Evaluate Applications

All applications are evaluated according to general commercial lending standards such as credit, character, collateral, capital and ability to service debt.  In all cases, consideration is given to job creation and impact to the community.  We will provide feedback as to the status of your application. Prestamos staff is happy to assist you in presenting a complete loan application. Most delays occur due to incomplete loan applications.