Attachment B - Advantage Illinois Workflow - May 2023.pdf
PDF 52 KB Posted
- Attached to
- Illinois DCEO Loan System RFP
- Solicitation number
- 25-448DOIT-APP44-B-48137
- Issued by
- Illinois
About this file
This document is a workflow diagram for the Advantage Illinois Loan Program, involving multiple state agencies including the Department of Commerce and Economic Opportunity (DCEO), Department of Revenue (DOR), and the Comptroller's Office. The workflow depicts the comprehensive loan application and approval process for small businesses, detailing each step from initial loan application submission through final loan closure. The process includes multiple verification stages, such as checking business standing through the Secretary of State website, conducting LexisNexis reviews, and obtaining additional information from business owners as needed.
The workflow illustrates a structured approval process with multiple decision points, including reviews by different state agencies. The loan process involves 75% electronic and 25% paper documentation, with 99% of communications occurring via email. If a loan is denied, specific protocols are followed, including notification to the business owner by DOR and communication with DCEO. Upon approval, loan closure documents are processed, and data is pushed to the Comptroller's office through an overnight cycle. The diagram demonstrates a systematic approach to evaluating and processing state-supported business loans, emphasizing electronic efficiency and multi-agency collaboration.
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Text version
Advantage Illinois Loan Program
BA
NK
DC
EO
DO
R
CM
P
CURRENT PHASE
Start Submit loan Application
Secretary of State Website Search
Business Owner is in good standing
Get more info from the business owner
LexisNexis
Review & Send the check to the bank
ITR1 Rev is sent
ITR1 APP
Board Approval
Loan Closure Check is received.
Loan process complete
NO
YES
Post Loan closure tasks
Get more info from the business owner
Review and approve
Review and approve
NO
DOR sends letter & email to business owner with reason for denial
Email is sent to DCEO if denied with no reason for denial.
DCEO notifies the bank if denied
NO
Notify bank on denial
Get more info from business owner
YES
Notify Bank on loan approval
Loan closure documents are signed and sent - 75% email 25% email and packet
99% email 1% paper
Overnight cycle -data is pushed to comptroller office
YES
End
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