White Paper

Proper Commercial Loan Documentation

 
Following the financial crisis of 2007 and 2008, banking institutions have become more cautious about how they lend money and whom to. It was the relatively lax processes and protocols surrounding commercial loans which led – in part – to the global crisis, and in response, banks and the legislature which governs them have tightened controls.

This underlines the need for proper commercial loan documentation in securing an effective loan and realistic terms of repayment for clients. This documentation comes in many forms; some of which must be supplied by the client ahead of the assessment and approval process, while others must be completed by the financial institution during the application and beyond.

All documentation must be appropriately managed and stored, in compliance with data protection laws and with industry standards and best practices. This article is designed to act as a guide, giving banking professionals information on the types of documentation required, and on the dangers which are to be avoided by collecting such documentation.

Types of Documentation - The client should have amassed the relevant paperwork and documentation ahead of time, before negotiations have begun. The onus is on the client to convince the lending institution that they are eligible for a loan product, but it is in the interest of the institution to provide capital for any individual or business which meets the requirements.

Download this white paper to continue reading …

Agenda

Faculty

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today

Access to all training products $699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.