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What is entailed in the application process and how long does it take?
The Loan Review Committee (LRC) meets the second Wednesday of each month. Applications and all required attachments submitted to the Department of Development by the business will be reviewed by the department staff prior to presenting the loan request to the LRC. Upon the recommendation for approval by the LRC, the business may begin the project at its' own risk. The Board of Cuyahoga County Commissioners must vote for final approval of the loan. The process takes approximately 120 days from when a "complete" application is received by the department. Plan accordingly!