The DOE Loan Guarantee Program Office has provided a draft term sheet for the California Valley Solar Ranch project, which is a significant milestone in the process leading to a conditional loan guarantee commitment.
One case study found that it takes ten days for a bank to processa simple student loan that should take one day, because the bank has to print out the online forms and courier them to the applicant for signatures, then wait for them to be returned by post only to scan them back into digital form.