The Borrowing Process:
The borrowing process for your Commercial Financing
Project involves the following steps:
- Complete the "EZ Contact Form"
and click the send button. The information you send
is completely confidential and not shared at this
stage with any lender.
- A Business Finance Consultant will contact you
within 24 hours by E-mail or telephone to speak with
you about your commercial real estate financing requirements and answer any
and all of your specific questions.
If your transaction involves commercial Real Estate,
please have all of the information
described in the Real Estate Checklist ready to
discuss with or provide to your commercial mortgage
Real Estate Checklist
- Once we understand the basics of your deal,
we will target and contact the lenders that most
closely match your borrowing requirements. The goal
of this initial contact is to find a lender willing
to issue a Letter of Interest (LOI)to fund your
- If the terms and structure
proposed by the lender in the LOI are acceptable to
you, it's time to get down to the details. The
lender will allocate funds to complete your
transaction and issue a "Commitment Letter." You
should have your attorney review this document and
possibly negotiate any sticking points for you.
Frequently a fee is required at this point to cover
actual expenses the lender is incurring to issue the
letter, secure the funds and complete the due
- Provide the documentation
required for underwriting. Getting an approval may
be as easy as photocopying a few forms. Typically,
however,the lender will require an appraisal and
other due diligence documents. A Business Finance
Consultant, or sometimes the lender, will contact
you for any additional information the lender may
require to approve your deal.
The most critical step in moving to
a fast close and getting the best rate and terms
possible is to be prepared to respond to the
lender's due diligence requests promptly. Being
prepared makes you look like a pro. Everyone prefers
to work with professionals.
Please click on the link for the
Loan Package Checklist and gather as many of the
anticipated documents as possible.
Loan Package Checklist
- You sign the
loan documents and your loan funds. END OF PROCESS!
months of shopping dead-end lenders that won't close
your deal. US Business
Finance will either fund your deal directly or place
it with the precise
funding source most likely to deliver the financing
OK, let's get started. Please
complete the EZ Contact Form or call us toll-free at
1-866-202-0305 and we'll get right on your