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Application Process

FastCommercialLoans.net strives to make the origination process more efficient and easier to understand. Currently, it is often an arduous process to obtain a commercial loan regardless of the size of the loan. It is even harder to obtain a small commercial loan since most lending institutions would rather work on larger loans then smaller ones, and accordingly place requests for smaller loans at the back of the line.

The majority of our competitors mandate obtaining 2 years of tax returns and other sensitive documentation from the borrower in order to give just an indication that they will be interested in financing the proposed subject property. Our approach is less complicated. We rely on limited information in a Mortgage Application and a credit report to provide an initial indication. While most financial institutions take 3 weeks to offer a letter of interest, in many instances we can provide a letter of interest within 48 hours.


Our process works as follows:

We
obtain basic information on the prospective borrower and the property through our Request a Quote webpage.

We will contact the prospective borrower promptly to review the contemplated transaction and to provide an initial indication of available financing.

We conduct a qualification interview with the prospective borrower on the phone and complete a Mortgage Application. This interview typically takes about 45 minutes to an hour.

We check the prospective borrower's credit to verify their credit history.

  1. We will then provide the prospective borrower with an initial indication together with a check list of items that will be required.