Rome Industrial Development Corporation
RIDC Lending Process
Once RIDC receives the prospective business owner's completed application package (including all support materials and a business plan), the approval process begins with a credit check and site visit. If necessary, RIDC will ask for more information or refer the applicant to additional counseling or training before forwarding the application to the Loan Committee.
RIDC's Loan Committee will meet to review the application, and reserves the right to go back to the applicant, if necessary, for more information. At this point the application is either declined, or referred to the full RIDC board for discussion and a vote. The RIDC board has the final say in approval or rejection. The process generally takes two to four weeks.
RIDC Lending Process »
For more information, contact:
Rome Industrial Development Corporation
153 Brooks Road
Rome, NY 13441
315-338-0393
Fax 315-338-5694
mkaucher@mvedge.org
pzawko@mvedge.org