Posted On: 04/23/2016 11:15:01 AM
Post# of 22940
It just hit me the significance of "being approved to submit" for the loan.
It seems to me that this is equivalent to an individual being pre-approved for a loan.
An individual gets pre-approved based largely on their credit rating. A company get's loans (and permission to submit) based largely on the soundness of their business plan and their projected ability to execute that business plan.
It was noted that loan processing takes 30-90 days. That is a lot of work on the bank's part. Therefore, being approved to submit paperwork is extremely significant because the bank is not going to spend 30-90 days on a client that they think will not be ultimately awarded a loan.
Based on this assumption, the likelihood of EX-IM loaning TPAC $50M is near 100% if not in the bag otherwise they would not even allow them to apply.
It seems to me that this is equivalent to an individual being pre-approved for a loan.
An individual gets pre-approved based largely on their credit rating. A company get's loans (and permission to submit) based largely on the soundness of their business plan and their projected ability to execute that business plan.
It was noted that loan processing takes 30-90 days. That is a lot of work on the bank's part. Therefore, being approved to submit paperwork is extremely significant because the bank is not going to spend 30-90 days on a client that they think will not be ultimately awarded a loan.
Based on this assumption, the likelihood of EX-IM loaning TPAC $50M is near 100% if not in the bag otherwise they would not even allow them to apply.
(10)
(0)
I'm only responsible for what I say, not for what you understand.
Scroll down for more posts ▼
