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 process diagram for the Advantage Illinois Loan Program, involving multiple state agencies including BANK, DCEO (Department of Commerce and Economic Opportunity), DOR (Department of Revenue), and CMP (Comptroller). The diagram outlines the comprehensive loan application and approval process from initial submission through final loan closure, detailing each step of review, verification, and decision-making.
The workflow includes multiple decision points where applications can be approved or denied, with specific protocols for each scenario. Key steps involve verifying the business owner's standing through the Secretary of State website, conducting LexisNexis reviews, obtaining additional information when needed, and routing approvals through various state agencies. The process emphasizes digital communication, with 99% of loan closure documents being transmitted electronically and only 1% processed via paper. If a loan is denied, specific notification protocols are triggered, including letters and emails to the business owner and notifications to DCEO and the bank.
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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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