Credit Denial for Commercial Loan

Posted By: CFreasier

Credit Denial for Commercial Loan - 05/03/01 08:17 PM

Can anyone send me an example of a letter to use when denying a commercial loan.

Thanks.

Posted By: D. Whitney

Re: Credit Denial for Commercial Loan - 05/05/01 04:19 AM

Give me your fax number and I'll provide you with the denial form we developed for sm. business loans - along with an Equal Assistance check sheet we developed in-house to ensure all small bus. were given the opportunity to explain credit weaknesses or offered alternatives - very similiar to our consumer Equal Assistance checksheet concept. These have served us well for Fair Lending and our second review process.

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Any opinion stated above is mine alone and not my employer's.