Eligibility

The information you provide in this application will be held strictly confidential. This application will expire 60 days after submission. Please fill out the application completely; incomplete applications will not be considered.

Requirements:

• The applicant must live or operate a business in an area served by GAC.

• Documentation confirming legal residence or work authorization, such as a Social Security Number, ITIN (Individual Taxpayer Identification Number), or Permanent Resident Card (Green Card).

• The applicant must be at least 21 years of age or older than 18 with a qualifying co-signer.

• Must be legally competent to enter a binding contract.

• An applicant’s income must be sufficient to repay the loan from GAC.

• Applicants should demonstrate a strong commitment to meeting all financial obligations, including timely repayment of their GAC loan.

• Must have invested some savings or personal equity in the business.

Ineligibility Criteria for Applicants:

• Inability to repay debt as determined by GAC after a complete application review.

• Unresolved tax liens may disqualify an applicant. If you are on a payment plan, please inform your loan officer.

• Active bankruptcy or a bankruptcy that has been discharged less than 12 months prior to the application.

• Businesses engaged in lending, adult entertainment, firearms sales, real estate development, multi-level marketing programs are ineligible.

• Delinquent mortgage, rent, or child support, or multiple recent charge-offs and delinquencies that have not been addressed.

• Making false statements or claims on your application. 

If any of these things are applicable to you, you may not be eligible for financing with GAC. If you would like to discuss further, please contact our office at loans@greenwoodarchercapital.org.