Closing & Funding
Step 4: Closing and Funding
Once your loan is approved and terms have been finalized, your commercial loan closes.
What to expect from Sphynx Financial:
We prepare your commercial loan documents, send them to a closing agent in your area and schedule a closing date. The closing agent arranges to disburse your funds.
What we'll need from you:
You'll work with the closing agent to schedule a time and place for closing – this could be the agent’s office, your home or business or another agreed upon location. At closing, the documentation is signed and your money is disbursed as outlined - typically by wire/direct deposit or check.
Congratulatons!
This is not an offer to make a loan or to make a loan on any particular terms. All loan applicants must submit a written application and all required documentation. All information submitted by loan applicants is subject to verification. All loan applicants must qualify under our underwriting requirements and satisfy all contingencies of loan approval. Loan approval will be subject to satisfactory appraisal, title review and no change in financial condition. Some loan types may not be available in all jurisdictions. This loan program is subject to change without notice. This loan program is for business purpose and commercial loans only. In connection with an application submitted to us, we may act as a loan broker and not as a lender.