Yes, we recommended that the applicant or a representative attend the board meeting during the loan application review. Doing so aids the Board should they have any questions which fall outside the scope of the Loan Program team's memo to the Board.
According to Idaho Code § 42-1756, each loan must be repaid upon completion of the project. If one project is completed before the other, repayment for the completed project begins no later than one year from date of completion.
In the event that your project runs over budget and additional funds are required, the Board can authorize a loan increase. You must complete an additional application and follow the same funding process. Upon approval, the Board amends and restructures the original loan.