The board shall be composed of five persons as follows:
Three persons involved in financial institution lending
Two persons, either of whom can be a CPA / Accountant or Commercial Insurance Agent
Three-year terms to be staggered.
To review loan application packages for Economic Development Revolving Loan Funds (RLF) according to the RLF Policies and Procedures Manual. The duty of the Loan Review Committee is to review each application to establish that the loan request has sufficient collateral, financial feasibility and sound management.