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M ANSFIELDCouncil Policy Community Group Loan Guarantee Policy and Procedures 2020Department: Business & PerformanceFirst Implemented: Reviewed: Effective From: Version: Trim Reference: Policy Implementation:15

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How to fill out community group loan guarantee

01

Gather all necessary information and documentation required for the loan guarantee application.

02

Complete the loan guarantee application form accurately and provide all requested details.

03

Submit the completed application form along with all required documents to the community group or financial institution overseeing the loan guarantee process.

04

Attend any meetings or interviews scheduled as part of the loan guarantee approval process.

05

Await confirmation of approval or denial of the loan guarantee application.

Who needs community group loan guarantee?

01

Small businesses looking to secure funding for growth or expansion

02

Non-profit organizations seeking financial assistance for community projects

03

Individuals facing barriers to traditional financing options

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What is community group loan guarantee?

Community group loan guarantee is a financial tool that allows a group of individuals or organizations to collectively guarantee a loan for one of their members.

Who is required to file community group loan guarantee?

Members of the community group who are participating in the loan guarantee are required to file the necessary paperwork.

How to fill out community group loan guarantee?

Community group loan guarantee forms can typically be filled out online or in person at the financial institution providing the loan.

What is the purpose of community group loan guarantee?

The purpose of community group loan guarantee is to provide financial support and assistance to members of the community who may not qualify for a loan on their own.

What information must be reported on community group loan guarantee?

Information such as the names of the guarantors, the amount of the loan guarantee, and the terms of the loan agreement must be reported.

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