1

Average Processing Time for Approved Business Loans in Working Days by Phase

Processing Times within phases #1 through #4 have been estimated based on incomplete data.

Average Processing Time for Approved Business Loans in Working Days by Phase

2

"Total" is based on records of total processing time kept for each fiscal year. column equals application processing phases #3 and #4.

The "total

1

. Applicant Develops Application
. Regional Specialists Assist
Application Development
Applicant Submits Application
to Regional Specialists

Regional Review and
Acceptance of Application
Regional Specialists
Submit Application for
State and Local Review
Corps of Engineers Flood
Plain Report

Economic Impact Analysis
. Equal Opportunity Analysis
Project Review Committee
Regional Recommendation for
Washington Processing
Application Forwarded to
Washington

Estimated Average Processing Time for Business Loan Approvals in Working Days by Phase

1The system described above was implemented on April 7, 1971.

loans have been processed through the system to establish an historical average processing time. Times given above are therefore estimates of how the system is designed to perform.

Estimated Average Processing Time for Business Loan Approvals in Working Days by Phase

2Total equals application processing phases #3 and #4.

A. EDA business loan applicants are | A. The items listed in column #1 have