Ill. Admin. Code tit. 92, § 5.120 - Review of Loan Application
a)
Applications will be evaluated by the Committee. The Committee will review and
rank the applications based upon assessment of need, total budget of applicant,
DBE participation, and information provided in the loan application.
b) After the Committee's review and ranking
of approved applications, loan dollar amounts will be assigned to the loan
applications up to the maximum amount of funding available for loans under this
Part.
c) The Committee will perform
due diligence to ensure that approved loans do not exceed appropriated
funds.
Notes
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