Your checklists (
0
)
AI Checklist Generator
From the makers of
Manifestly Checklists
Sign in
Email address
Email me a magic link
Home
> Commercial loan onboarding
Commercial loan onboarding
1. Pre-Application Preparation
Identify target borrower and project
Gather preliminary financial documents
Conduct initial credit assessment
Determine loan structure and terms
2. Application Submission
Provide loan application form
Collect necessary business documentation
Obtain personal financial statements from guarantors
Submit legal documents (e.g., business licenses, articles of incorporation)
3. Due Diligence
Conduct background checks on the borrower
Validate financial statements and tax returns
Analyze cash flow projections and business plans
Perform market analysis and assess collateral value
4. Credit Approval Process
Prepare credit memo for underwriting review
Present findings to credit committee
Address any questions or concerns from underwriters
Obtain conditional approval if necessary
5. Loan Structuring
Finalize loan terms and conditions
Draft loan agreement and related documents
Review fees, interest rates, and repayment schedule
6. Closing Process
Schedule closing meeting with all parties
Ensure all necessary documents are signed
Collect initial fees and deposits
Disburse loan funds to borrower
7. Post-Closing Monitoring
Set up loan servicing and payment processing
Establish communication channels with the borrower
Monitor financial performance and compliance with loan terms
Conduct periodic reviews and assessments of loan status
Download CSV
Download JSON
Download Markdown
Use in Manifestly
Use in Manifestly