Small Business Research Loan Submission Procedure

Step One:

Review these documents:

Step Two:

  • Submit a pre-application to allow the Business and Technology Development staff to assess whether the project is appropriate for funding.
  • E-mail the information to the program staff.
  • The Business and Technology Development staff will review the pre-application package and then contact the designated company official to discuss the appropriate next steps.

Step Three:

  • If the project is appropriate for financial support, the company is invited to download the Small Business Research Loan application and prepare the formal proposal.
  • The Business and Technology Development staff welcomes the opportunity to review draft versions of the proposal.
  • Please also submit a Letter of Support.
    • .

Step Four:

  • The company will receive submission instructions once the Business and Technology Development finished reviewing the application.
  • Note: Proposals may be formally submitted only upon approval by the Business and Technology Development staff. During the e-submission process, the company will be required to supply contact information and a short public information summary, from which a cover sheet will be generated.
  • Only electronic versions of proposals submitted through the Web site in a PDF format will be considered.
  • If you do not have the full version of Adobe Acrobat, the following Web sites offer free PDF conversion software:

Neevia Technology       PDF 995

Step Five:

  • Small Business Research Loan proposals are subject to a thorough internal and external due diligence process. External experts in the relevant technical and business areas will be identified and recruited to review the proposal.
  • These reviews will be shared with the applicant and the company will be given the opportunity to respond to any project criticisms.
  • The Business and Technology Development staff prepares its recommendation and presents it to the Biotechnology Center's Board of Directors Executive Committee for final approval.
  • The Executive Committee meets quarterly to consider funding decisions. In general, SRL proposals require 12 weeks from the time of formal submission to complete the application processing.
  • Please contact Pamela Gaster at 919-541-9366 if you have any questions regarding the loan application process, or to schedule a preliminary meeting with the Business and Technology staff to discuss the loans programs.