How does the borrower know the lender is capable of funding the loan?
When the lender applies to submit proposals on USExpress, INC, the lending firm defines its loan criteria. The lender specifies what types of loans it will make in terms of size, sector of business, and category. Then USExpress, INC automatically matches only those borrowers that fit these lending criteria. Also, USExpress, INC uses a stringent process to review and approve lenders, and only those licensed lenders with proven performance records in the loan category are accepted.
Related Questions
- Does a borrower have to submit an application for restructuring before meeting with the qualified lender to discuss either the distressed loan notice or the inputs into a restructure plan?
- May a qualified lender consider a borrower’s bankruptcy plan of reorganization when offering distressed loan restructuring?
- May a qualified lender modify a distressed loan notice when it is being sent to a borrower(s) who has filed bankruptcy?
