The amount of money you are able to borrow through the programs available through Commercial Lending Corporation does depend upon several factors. First, the type of loan is used to establish loan to value ratios. Next, the organization’s credit history and score are evaluated to determine the credit risk associated in underwriting the loan. Further, the collateral, kind of business operation, and other data may be used. You could be required to provide financial statements, bank statements, tax returns, and other documentation to support your requested loan amount.
In order to reduce the amount of time needed to obtain a business loan through Commercial Lending Corporation (CLC), you are able to discuss your project needs with one of their experienced loan representatives. Your personal representative will size up your project and determine which programs would be best for your situation. Further, he or she goes over the kind of application you need to complete, documentation you need to supply, and other such details. Additionally, they work directly with you to ensure you have submitted all required forms and filled out your application correctly, prior to presenting your loan request.
Your completed loan application is presented to all of the available lenders in CLC’s extensive network that underwrite your type of loan program. As a result, it is possible to receive multiple loan offers from a variety of sources. Your loan representative will go over each one with you in detail to help you select the one that works best for your business and current needs.
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