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Loan Application Deadlines

Loan Applications

All loan applications are presented to the CWRPDA Board of Directors for approval. Applicants should coordinate with their WQCD project manager, CWRPDA, or DOLA to determine the appropriate application deadline to ensure timely Board action.

  • Direct Loans (Less than $3 million) Direct Loan applications are accepted at seven deadlines throughout the year. It is expected to take approximately 6 months from application to execution of the loan (If approved). 
  • Leveraged Loans (More than $3 million) Loans that are over $3 million are connected to a Bond issuance and are considered “Leveraged Loans”. Leveraged Loans have two sales a year one in the spring and one in the fall.

Projects above $3 million currently have two loan application deadlines, January 5th and June 5th

January 5th, Applicable Loan Application Deadlines under and over $3 million 

Under $3 Million

Estimated Financing Schedule

  • January 5th Loan Application
  • March Authority Board Meeting 
  • Estimated May - July Loan closing*
    • If approved. 2-4 months closing

Over $3 Million

Estimated Financing Schedule

  • January 5th Loan Application
  • March Authority Board Meeting 
  • Estimated May - July Loan closing*
    • If approved. 2-5 months closing

*These are estimated closing dates for initial planning purposes only.  Loan closing dates may be adjusted depending on the community’s time frame and

February 5th, Applicable Loan Application Deadlines under $3 million 
  • February 5th Loan Application
  • April Authority Board Meeting 
  • Estimated June - August Loan closing*
    • If approved. 2-4 months closing

*These are estimated closing dates for initial planning purposes only.  Loan closing dates may be adjusted depending on the community’s time frame and negotiation of the loan.

April 5th, Applicable Loan Application Deadlines under $3 million 
  • April 5th Loan Application
  • June Authority Board Meeting 
  • Estimated August - October Loan closing*
    • If approved. 2-4 months closing

*These are estimated closing dates for initial planning purposes only.  Loan closing dates may be adjusted depending on the community’s time frame and negotiation of the loan.

June 5th, Applicable Loan Application Deadlines under and over $3 million 

Under $3 Million

  • June 5th Loan Application
  • August Authority Board Meeting 
  • Estimated October - December Loan closing*
    • If approved. 2-4 months closing

Over $3 Million

  • June 5th Loan Application
  • August Authority Board Meeting 
  • Estimated October - December Loan closing*
    • If approved. 2-5 months closing

*These are estimated closing dates for initial planning purposes only.  Loan closing dates may be adjusted depending on the community’s time frame and negotiation of the loan.

August 5th, Applicable Loan Application Deadlines for under $3 million 

Estimated Financing Schedule

  • August 5th Loan Application
  • October Authority Board Meeting 
  • Estimated December - February Loan closing*
    • If approved. 2-4 months closing

*These are estimated closing dates for initial planning purposes only.  Loan closing dates may be adjusted depending on the community’s time frame and negotiation of the loan.

October 5th, Applicable Loan Application Deadlines for under $3 million 

Estimated Financing Schedule

  • October 5th Loan Application
  • December Authority Board Meeting 
  • Estimated February - April Loan closing*
    • If approved. 2-4 months closing

*These are estimated closing dates for initial planning purposes only.  Loan closing dates may be adjusted depending on the community’s time frame and negotiation of the loan.

November 5th, Applicable Loan Application Deadlines for under $3 million 

Estimated Financing Schedule

  • November 5th Loan Application
  • January Authority
  • Board Meeting 
  • Estimated March - May Loan closing*
    • If approved. 2-4 months closing

*These are estimated closing dates for initial planning purposes only.  Loan closing dates may be adjusted depending on the community’s time frame and negotiation of the loan.