Step

Action

Step One
Initial Contact

Applicant submits a funding inquiry (website/phone). Inquiry is assigned to a Funding Officer.
OR. Applicant contacts a Funding Officer directly.

Step Two
Funding Application

Funding Officer interviews Applicant and explains Funding Process. Funding Officer obtains Executive Summary, Cost Breakdown and Management Profile from Applicant, and submits EEP Funding Application

Step Three
Preliminary Approval

EEP Senior Management reviews Application, and provides Preliminary Approval or Denial.

Step Four
Applicant Interview

EEP Senior Management interviews Applicant (in person or by phone). The interview allows EEP to probe into the strengths and weaknesses of the project, while allowing Applicant to become more familiar with EEP procedures.

Step Five
Engagement

Based on application review of applicant interview , EEP issues Conditional Commitment Letter. Applicant signs Commitment Letter and deposits commitment fee (if applicable). Applicant becomes a Client.

Step Six
Comfort Period

EEP Senior Management will meet with Client to provide proof of funds, past project information and references. EEP will also present the structure of the financing. Client has 5 business days to cancel engagement and request a full refund of commitment fee.

Step Seven
Close Funding

EEP Senior Management will work closely with the Client to conduct due diligence, assess feasibility and close funding.