Negotiate Terms with Lenders

After receiving feedback from the lenders, Alpha Omega will meet with the company to review the offers, discuss possible changes, and select a lender. We will immediately contact that lender, request any changes, and subject to those changes, inform the lender that the company is ready to accept its offer. Usually the lender will follow up with a revised term sheet or commitment letter, and if acceptable, the company will sign and return that letter with a deposit for the fee. The lender will then initiate due diligence, which may include a collateral audit, appraisal, and additional visits to the company. The lender will also provide the company with a draft of the loan documents. Most lenders use standard forms, but they may include financial covenants that require close scrutiny.