STATE OF CALIFORNIA
CALIFORNIA INTEGRATED WASTE
Revised August 2009
RECYCLING MARKET DEVELOPMENT ZONE
Loan and Fund Disbursement Process
The Recycling Market Development Zone Loan Program provides direct loans to businesses that use non-
hazardous solid waste to manufacture new products.
Prior to submittal of an application, a potential applicant should first contact the loan program staff to receive an
overview of the loan program and discuss the proposed loan eligibility and other loan requirements.
Step 1: An applicant must submit one (1) complete original Recycling Market Development Zone Loan
application package and supporting documents with original signatures. The application must be
accompanied by a nonrefundable application fee of $300.
Step 2: Within 10 business days of application submittal, staff will complete a preliminary review to determine
application completeness and eligibility and send a letter stating one of the following:
That the applicant is eligible for a loan, the application is complete, and will be evaluated by the
Board staff; or
That the application is incomplete, or that the applicant is ineligible for a loan, and specify the
steps, if any, which the applicant may take to correct identified deficiencies; or
That based upon an analysis of the financial information provided and other credit information,
the applicant does not meet the credit standards for the program and will not be recommended for
Step 3: For applications meeting criteria (a) above, staff will then complete an analysis of the application and
prepare a credit analysis. As a result of staff's review, additional information may be required. The
analysis will outline staff's recommendation, including project description, project cost, proposed
financing, diversion tonnages, job creation, loan amount, loan terms, and any special loan conditions.