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If FundingUniverse pre-approves me, does that mean I am actually approved with a lender and can be assured of being funded?

April 26, 2017actually Approved assured fundinguniverse Lender mean pre-approves

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If FundingUniverse pre-approves me, does that mean I am actually approved with a lender and can be assured of being funded?

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Sorry, but the short answer is no. A pre-approval from FundingUniverse means that you have met the qualification threshold that our lenders require to be considered for a Business Line of Credit. Furthermore, a pre-approval from FundingUniverse indicates that we are willing to work with you on completing a full business client package that typically takes our processing team several hours to complete. The business client package will include information on your overall personal and business credit worthiness. The processing team will analyze the Business Profile data you have provided and create a profile summary to ensure that the ratios and coverage metrics of your specific business profile are in alignment with lenders guidelines. If your completed business client profile looks favorable, we will move forward with your submission and work with you to get the lines of credit you are looking to obtain.