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Documentation and commercial loans

Question: 
Why do commercial loans tend to require more documentation?
Answer: 

Commercial entities do not have credit scores in the same way that consumers do. This means that financial institutions often require more documentation from businesses in order to make prudent commercial lending decisions.

Read about commercial loan imaging.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

marketing@alogent.com
+1-678-966-0844

First published on 06/25/2023

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