Answered: What are the requirement of General…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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What are the requirement of General Submission and Closing for Project Development Loans?

Expert Solution

Step 1

These are the requirements for general submission and closing for project development loans:

1. At first all the prospective applicants should meet with MTI staff for obtaining feedback on details of project and they have to determine eligibility for loan funding development.

2. Submitting a letter of interest package. The letter of interest to be sent via mail with details of acknowledgement letter, registration form, and confidential executive.

3. Submission of a draft application.

4. Submission of final application package.

5. Reviewing the application on the basis of technical and financial evaluations, sector specific technology board reviee, recommendations and development loan decisions.

Signing of the project development loan agreement.

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