If a Letter of Intent is required we will provide one ahead of closing. All conditions will be outlined in a formal Offer to Finance and an extensive Loan Agreement will then be forwarded to all approved applicants. A closing date will then be issued after all parties have agreed to offered conditions and agreements have been inked.
How It Works
Most clients will find that after completion of funding we are available to assist in many other ways. We can offer extensions and negotiate a revolving credit line once a client has established a pattern of honoring their debt service. Once a loan is advanced we continue to regularly monitor the borrower and offer further assistance if it is required, through refinancing or extension options, until the loan is retired.
Post Financing
We invite all parties interested in financing to first request an application from us. We will require a Business Plan or Executive Summary in order to perform our review and due diligence. Once the application and all pertinent information has been submitted, we will then walk the applicant through our review and approval process. Depending on the complexity of the transaction we are normally able to give a definitive answer within 5 to 7 business days. If approved, the funds will be made available for release in as early as 10 banking days following the approval.
Review and Approval Process
