Steps in the Process/Timeline
Each project is unique. The timeline below will help you understand the process and steps that will be taken by your institution, Rice Capital Access Program (RCAP) bankers, the U.S. Department of Education (ED) and the U.S. Treasury.
We are sensitive to your desire to keep your project on track and will work diligently to help accomplish this goal. After the HBCU Capital Financing Program receives required financial and project documentation, it takes approximately two to three months to process the loan. However, the HBCU Capital Financing Program has closed loans in as few as six weeks. The timeframe depends primarily on your institution’s ability to provide the required documents and the level of negotiations involved in the loan transaction.
Throughout the life of the project, Rice utilizes a comprehensive, state-of-the-art financial planning and forecasting tool that allows us to analyze operating and capital initiatives.
Enrollment, discount rates, personnel, investments, debt, facilities, and more are considered. Financial statements can be created for up to a 16-year planning window, based on 5 years of historical data, current year data, and 10 years of projected results.