Borrower frequently asked questions

Borrower FAQ

 

Frequently Asked Questions for Borrowers

What is Approval Pathway?
A:  Approval Pathway is a secure platform that simplifies and speeds up the commercial loan application process.
How does it help me get approved faster?
A:  It digitizes your documents, reduces errors, and connects you directly with lenders who can approve loans quickly.
Who are the lenders on the platform?
A: We partner with boutique lenders and credit unions, and you can invite any lender with just one click.
Can I use my broker to submit an application?
A:  Absolutely! Brokers can use Approval Pathway to submit applications on your behalf.
Is my personal and financial information secure?
A:  Yes, we use bank-grade encryption and follow strict privacy laws like PIPEDA to protect your data.
What types of loans can I apply for?
A:  You can apply for a range of commercial loans, including real estate, equipment, and working capital loans.
How much does it cost to use Approval Pathway?
A:  There’s no upfront cost. You only pay a 0.5% success fee when your loan is funded, which is seamlessly handled through your lender.
What do I need to get started?
A:  Just your financial documents and a clear idea of your loan needs. The platform guides you through the rest.
What happens if my loan application is declined?
A:  We’ll provide insights into why and help you refine your application for better chances next time.
Why should I use Approval Pathway instead of going directly to a lender?
A:  Approval Pathway simplifies the process, reduces paperwork, and connects you to multiple lenders, saving you time and effort.
 
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