Approval Process for Eligible Transactions

Approval Process for Eligible Transactions. The MDA will approve all SBLF transactions issued by Participants. The Participant must submit a “Request for Determination of a Qualified SBLF Loan” form to the MDA. If the request form meets the basic qualifications, the MDA will approve within five business days. The MDA may choose to conduct sample audits at any point in time of the participating loan funds’ SBLF transactions to further verify the representations made in the form.