Short Term Lending Program - Financial Assistance Division

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Short Term Lending Program

Maximum Loan Amount:	$750,000
Interest Rate:	It is a variable rate tied to the Prime Rate published in the Wall Street Journal.
Eligibility Decision:	DBE Certified or SBA Certified under Section 8(a); Small Disadvantaged Business; HUBZONE Empowerment Contracting Program; and Service-disabled Veterans Startup businesses are not eligible to apply for the STLP. It is recommended that a business have at least three years of past history before applying to show an established track record. Funds are not available for contract mobilization; equipment purchases or other long-term uses; refinance of existing debt; payment of non-current taxes; distributions or other payments to stockholders.
Revolving Lines of Credit:	Normally covers one-year period and one or more renewals may be requested.
Turnaround Time:	30 to 60 days
Forms:	Completed loan application should be sent to the Participating Lender PLs or OSDBU. Application for New Loan Guarantee (PDF) (DOC) Application for Renewal Loan Guarantee (PDF) (DOC) Information to be included with application: Business and personal financial statements (3 years). Business and personal income tax returns (3 years). Cash flow projections (one year). Current Accounts receivable and accounts payable. Company profile. Current Personal Financial Statement (signed & dated). Certification that all taxes are current. A minimum of 3 business references. STLP Checklist for NEW Participants - HTML / PDF STLP Checklist for Continued Participation - HTML / PDF
Collateral:	Accounts Receivable arising from contracts or subcontracts being financed; also additional personal guarantees or insurance may be requested.
Credit Decision:	Lender/DOT
Purchase and Repayment:	Funds may be borrowed against each invoice of the contract(s) being financed. Repayment occurs as the project owner or prime contractor pays the invoice. The payment is made jointly to the borrower and to the STLP bank and is sent to the bank, which repays the amount borrowed against the invoice and transmits the balance to the borrower.

STLP APPLICATION

The STLP application can be downloaded from the following link PDF or it can be obtained from the Participating Lenders (Pls) listed below or from the OSDBU.

Completed applications may be forwarded to DOT OSDBU or to the PLs. Decisions on STLPs are made by both the Participating Lender (PLs) and by the DOT.

STLP PARTICIPATING LENDERS (PLs)

Citizens Trust Bank
75 Piedmont Avenue
Atlanta, GA 30303

Farrand Logan, Senior Vice President,
Senior Loan Officer
Telephone: (404) 575-8333
Fax: (404) 575-8340
Email: farrand.logan@ctbatl.com

Lynnette Crosslen, Assistant Manager,
Loan Administration Department
Telephone: (404) 575-8286
Fax: (404) 575-8290
Email: lynnette.crosslen@ctbatl.com

Website: www.ctbconnect.com
Hours: Monday-Friday, 9:00am-5:00pm (EST)

Native American Bank, N.A.
999 18th Street, Suite 2460
Denver, CO 80202
Office: (303) 988-2727
Fax: (303) 988-5533

Lindsay Sandham, Senior Vice President
Chief Credit Officer
Telephone: (303) 988-2727 ext. 127
Fax: (303) 988-5533
Email: lsandham@nabna.com

Website: www.nativeamericanbank.com
Hours: Monday-Friday, 8:00am-5:00pm (MST)

Native American and Alaskan Native applicants only

Continental National Bank of Miami
1801 S.W. 1st Street
Miami, FL 33135

Ivette Llopiz, A.C.
Telephone: (305) 643-8240
Fax: (305) 643-2682
Email: Illopiz@continentalbank.com

Miguel Miranda Vice President, Credit Administrator
Telephone: (305) 642-2440
Fax: (305) 643-0164
Email: mmiranda@continentalbank.com

Website: www.continentalbank.com
Hours: Monday-Friday, 9:00am-5:00pm (EST)

United Bank of Philadelphia
The Graham Building
30 S. 15th Street, Suite 1200
Philadelphia, PA 19102

Tony D. Braxton
SVP, Commercial Lending
Telephone: (215) 231-3695
Fax: (215) 231-3694
Email: abraxton@ubphila.com

Patricia M. Hitzges
Credit Administration Officer
Telephone: (215) 351-4600 ext.116
Fax: (215) 567-1667
Email: phitzges@ubphila.com

Juilette L. Williams-Holmes
Assistant Vice President, Business Development/ Retail Administration
Telephone: (215) 382-5383
Fax: (215) 382-5385
Email: jwilliamsholmes@ubphila.com

Website: www.ubphila.com

North Milwaukee State Bank
8200 W. Brown Deer Road
Milwaukee, WI 53223

Edward J. Bryant
Commercial Lender
Telephone: (414) 466-2344 ext. 154
Email: ebryant@nmsbank.com

Website: www.nmsbank.com
Hours: Monday-Friday, 9 am to 6 pm

Carver Federal Savings Bank
75 West 125th Street
New York, New York 10027
(718) 230-2900

Vacant
SVP, Chief Lending Officer
Telephone: (212) 360-8843
Fax: (212) 426-6155
E-mail: carverstlp@carverbank.com

Jennifer Spencer
AVP, Business Lending
Telephone: (718) 676-8789
Fax: (212) 426-6155
E-mail: jennifer.spencer@carverbank.com
Website: www.carverbank.com

Town Bank
850 W. North Shore Drive
Hartland, WI 53018
Website: www.townbank.us

Mike Stratton,
VP Commercial Lending
Telephone: (262) 369-1900
Email: MStratton@townbank.us

Zions Bank
One South Main,
Salt Lake City, UT 84133

With offices located in Utah and Idaho.

Cece Mitchell
SBA Manager, Small Business Banking
Telephone: (801) 844-7909
Fax: (801) 844-8527
Email: cecilia.mitchell@zionsbank.com

Website: www.zionsbank.com

Virginia Commerce Bank
4221 Walney Road
Suite 3000
Chantilly, VA 20151

K. Russel Marsh, Vice President
Government Contract Lending
Telephone: (703) 961-2562
Fax: (703) 378-2942
Email: rmarsh@vcbonline.com

Website: www.vcbonline.com

Virginia Heritage Bank
11166 Fairfax Boulevard
Fairfax, VA 22030

J. Blair Horne Jr.
Commercial Relationship Officer
Phone: 703-359-4100
Cell: 703-772-5276
Fax: 703-359-2776
Email: bhorne@vhbank.com

Website: www.vhbank.com

Security Federal Bank
1185 Sunset Blvd.
West Columbia, SC 29169

Kathleen Abraham
Commercial Relationship Officer
Phone: (803) 739-5305
Fax: (803) 739-6097
Email: kabraham@securityfederalbank.com

Shane Bagby
2587 Whiskey Rd.
Aiken, SC 29803
Phone: (803) 644-2692
Fax: (803) 644-2699
Email: sbagby@securityfederalbank.com

John Goodin
7004 Evans Town Center Blvd.
Evans, GA 30809
Phone: (706) 650-6786
Fax number is (706) 860-6489
Email: jgoodin@securityfederalbank.com

Website: www.securityfederalbank.com

East West Bank
9709 Third Avenue NE, Suite 110
Seattle, WA 98115

Kimberly Rice
Loan Officer
Telephone: (206) 528-2217
Fax: (206) 528-9300
Email: kimberly.rice@eastwestbank.com

East West Bank – New England Region
68 Harrison Avenue, 6th FL
Boston, MA 02111

Irene Chan, VP & Regional Branch Administration Manager
Telephone: 617-338-0263
Fax: 617-426-2277
Irene.chan@eastwestbank.com

Ricky Lam, VP & Relationship Manager
Telephone: 617-338-0191
Fax: 617-695-2875
Ricky.lam@eastwestbank.com

Wendy Ho, Relationship Associate
Telephone: 617-338-0251
Fax: 617-695-2875
wendy.ho@eastwestbank.com

Website: www.eastwestbank.com
Hours: 9:00 a.m. to 6:00 p.m (PST)

Cardinal Bank
1776 K Street, NW
Washington, DC 20006

Kathy Speakman
VP, Commercial Lending
Telephone: (202) 331-3957
Fax: (202) 659-6589
Email: kathryn.speakman@cardinalbank.com

Website: www.cardinalbank.com
Hours: Monday-Friday, 9:00am–5:00pm (EST)

Solera National Bank
319 S. Sheridan Blvd.,
Lakewood, Co 80226

Rodney Chavez, VP Commercial Lending
Solera National Bank
319 S. Sheridan Blvd.
Lakewood, CO 80226
Telephone: 303-202-0932
Fax: 303-202-0936
Mobile: 303-905-5758
Email: Rchavez@solerabank.com

Website: www.solerabank.com
Hours: Monday-Friday, 9:00am-5:30pm, Saturday from 9:00am to 12:00pm (MST)

The Bank of Missouri
3610 Buttonwood Drive
Columbia, MO 65201

Karin Bell, Loan Officer
Email: kbell@bankofmissouri.com

Keith McLaughlin, Senior VP
Senior VP, Business Banking
Email: kmclaughlin@bankofmissouri.com

Loan offices conveniently located in:
Columbia (573) 874-4700
Perryville (573) 547-6541
Cape Girardeau (573) 335-3100
Jackson (573) 243-9300
Springfield (417) 889-4343
Republic (417) 732-4600

Website: www.bankofmissouri.com

Seaway Bank and Trust Company
645 East 87th Street
Chicago, Illinois 60619

Arlene Williams
Executive Vice President
Telephone: 773-602-4104
Fax: 773-487-1850

Dan Davis
2102 West Fond du Lac Avenue
Milwaukee, WI 53206
Telephone: 847-662-1798
E-mail: ddavis@seawaybank.us
www.seawaybank.us

Industrial Bank
8700 Georgia Avenue, Suite 305
Silver Spring, MD 20910

Sharon B. Zimmerman, Vice President
8700 Georgia Avenue, Suite 305
Silver Spring, MD 20910
Telephone: 202-722-2000 ext. 3122
E-mail: szimmerman@industrial-bank.com

Douglas F. Dillon, Senior Vice President
8700 Georgia Avenue, Suite 305
Silver Spring, MD 20910
Telephone: 202-722-2000 ext. 3116
E-mail: ddillon@industrial-bank.com

Community Bank & Trust
604 N. Eighth St.
Sheboygan, WI 53082
www.communitybankandtrust.com

Grant Schilling
President-Glendale
5380 N. Port Washington Rd.
Milwaukee, WI 53217
Fax: (920) 803-5990
E-mail: grants@communitybankandtrust.com

Paul Kuplic
Vice President, Government Guarantee Programs
604 N. Eighth St.
Sheboygan, WI 53082
Telephone: (920) 459-4444
Fax: (920) 803-5995
E-mail: paulk@communitybankandtrust.com

Community Capital Development
1437 South Jackson St.
Seattle, WA 98144
Website: www.seattleccd.com

Alice Davis
SVP & Chief Credit Officer
Telephone:(206)324-4330 x108
E-Mail: aliced@seattleccd.com

Seedco Financial - Alabama
505 North 20th Street, Suite 1525
Birmingham, AL 35203

Melanie Bouyer, Business Services Specialist
Phone: (205) 715-2710
Fax: (205) 715-2711
Email: Melanieb@seedco.org

Website: www.seedcofinancial.org

Cathay Bank for California
9650 Flair Drive
El Monte, CA 91731

Mr. Ray Chang First Vice President and Manager
Retail Loan Administration
Phone: (626) 279-3860
Email: Ray.Chang@cathaybank.com
Fax: 626-279-3879

Website: www.cathaybank.com

The Support Center
3120 Highwoods Blvd.,
Suite 350
Raleigh, NC 27604

Edward Timberlake
Small Business Lending Manager
Phone:(919) 530 1683
Email: sbl@thesupportcenter-nc.org

Website: www.thesupportcenter-nc.org

Accion Texas, Inc.
225 W. Poplar
San Antonio, TX 78212

Adrian G. Gonzalez, EVP
225 W. Poplar
San Antonio, TX 78212
Email: agonzalez@acciontexas.org
Phone: 888-215-2373

Asal Shokati, Loan Officer
912 S, Hwy 183, Suite 201
Austin, Tx 78741
Email: ashokati@acciontexas.org
Phone: 888-215-2373

Website: http://www.acciontexas.org

Financial Assistance Division
Phone: 1-800-532-1169 or 202-366-1930

Nancy Strine, Manager, Financial Assistance Division
Phone: 1-800-532-1169 or 202-366-1930
Email: nancy.strine@dot.gov

Click here for FREQUENTLY ASKED QUESTIONS ABOUT DOT STLP

STLP ADMINISTRATION

The STLP final rule, Docket Number OST-2008-0236, RIN Number 2105-AD50 can be downloaded from the Federal Register or from the following link below
[PDF ]

Form DOT F 2309-1 Certification Regarding Debarment, Suspension submitted by a potential PL to DOT to establish eligibility to become a PL can be downloaded from the following link below
[Cert Debarment DOT F 2309-1.pdf - PDF]

Form DOT F 2307-1 Drug-Free Workplace Act Certification For A Grantee Other Than An Individual submitted by a potential PL to DOT to establish eligibility to become a PL can be downloaded from the following link below
[Cert Drug-Free DOT F 2307-1.pdf - PDF]

Form DOT F 2308-1 Certificate Regarding Lobbying For Contracts, Grants, Loans, and Cooperative Agreements submitted by a potential PL to DOT to establish eligibility to become a PL can be downloaded from the following link below
[Cert Lobbying DOT F 2308-1.pdf - PDF]

The current Cooperative Agreement between DOT and a PL can be downloaded from the following link below
[Coop Agreement.pdf - PDF]

The current Guarantee Agreement between DOT and a PL for each approved loan can be downloaded from the following link below
[Loan Guarantee DOT F 2314-1.pdf - PDF]

Form DOT F 2303-1 Bank Verification Loan Activation Form submitted to DOT by a PL to provide notification that an approved loan has been activated/funded can be downloaded from the following link below
[Loan Activation DOT F 2303-1.pdf - PDF]

Form DOT F 2304-1 Bank Acknowledgement Loan Close-Out Form submitted to DOT by a PL to provide notification that an approved loan has been repaid and closed can be downloaded from the following link below
[Loan Close-Out DOT F 2304-1.pdf - PDF]

The reporting templates for a PL to submit monthly reports detailing the previous month's STLP loan activity can be downloaded from the following links below for Form DOT F 2306-1 Pending Loan Status Report [Pending Loan DOT F 2306-1.xls] and Form DOT F 2305-1 Guaranty Loan Status Report
[Guaranty Loan DOT F 2305-1.xls - xls]
[Pending Loan DOT F 2306-1.xls - xls]

Form DOT F 2310-1 Bank Verification Extension Request Form submitted to DOT by a PL to request an extension of the active period for an approved loan can be downloaded from the following link below
[Loan Extension DOT F 2310-1.pdf - PDF]