Loan Process

The DEC/VMBB reviews SRF applications as they are filed. There are no filing deadlines or timelines that need to be met.

The DEC/VMBB’s joint SRF loan application asks for project specific information and municipal data (taxes, financial, outstanding debt, and other comparative data). The DEC/VMBB does not charge an application or underwriting fee, nor are ongoing loan fees changed. In some cases, the municipality will be required to obtain a legal opinion from a local bond counsel. Click here to view a list of approved bond counsels.

To obtain a DEC/VMBB SRF loan application Click here.