Applicants submit a preliminary loan application online through the BCIF website. If the application meets basic criteria and there is interest in further exploration, BCIF sends an invitation to complete a more comprehensive loan application packet. Upon receipt of the comprehensive application, a designated BCIF representative reviews application materials and conducts due diligence (i.e., review business concept, viability of request, financials, etc.). If the request is moved forward, a BCIF representative conducts an individual interview with the applicant to assess “character credit,” applicant’s ability to repay, and address any other presenting issues. If the request is moved forward, a preliminary review of the loan recommendation is conducted by a loan review committee comprised of select BCIF donors. If the loan review committee approves the recommendation, the request is forwarded to the board of directors for final review and approval. Approved borrowers are notified of loan awards and funding is processed and disbursed two weeks from formal loan approval.