Declined Application Appeal

 

Rejected Applications/Appeal Process:

  • The General Manager or Business Analyst will inform the client immediately following the Investment Review Committee decision meeting.
  • The applicant will be sent a letter outlining the reason(s) for rejection.
  • Appeals will be addressed by the Investment Review Committee only.
  • Appeals must be made in writing
  • Upon an Appeal request:
    • Investment Review Committee meets and review the loan application
    • Committee analyzes the loan application and makes their final decision.
    • Client is advised by authorized personnel within 24 hours of the decision.
    • Only one appeal permitted per proposal, with the Board’s decision being final

Redress Process: 

  • If the appeal is declined, the appellant may again appeal the decision in writing.  The appeal should include reasons and new information supporting that appeal (redress.)  For this appeal, a Redress or Appeals Committee consisting of not less than three (3) not more than seven (7) members representing two (2) or more Community Futures Corporations shall review the amended appeal application.  This Adhoc Committee representative of Community Futures Corporations shall be the highest level of authority.
  • Accordingly, the decision will be considered final and binding on behalf of the Corporation that assessed, reviewed and declined the original and the initial appeal applications.  If this joint Ad Hoc Appeals Committee, representing two or more CF Corporations, upholds the appeal and grants approval to the investment (loan) request as amended, the standard lending processes of the original CF Corporation will be undertaken and completed.
  • A fee plus all expenses associated with the Ad Hoc Committee shall be the responsibility of the appellant

 

There are options available if your application could not be funded at this time. Please contact us for more details.

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Community Futures Lesser Slave Lake
12 Poplar Drive
Box 2100
Slave Lake, AB T0G 2A0

780-849-3232

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Communities Served

Assineau, 
Atikameg, 
Big Prairie, 
Canyon Creek, 
Decrene, 
Desmarais, 
Driftpile, 
East Prairie, 
Enilda, 
Faust, 
Fawcett Lake, 
Gift Lake, 
Grouard, 
Grouard Mission, 
High Prairie, 
Joussard, 
Kinuso, 
Little Buffalo, 
Loon Lake, 
M.D. of Opportunity, 
Mitsue, 
Peerless Lake, 
Red Earth Creek, 
Sandy Lake, 
Saulteaux, 
Sawridge Reserve, 
Slave Lake, 
Sucker Creek, 
Swan River Reserve, 
Trout Lake, 
Wabasca, 
Wabasca-Desmarais, 
Wagner, 
Wide Water, 

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