Loan Commitment Financing
A loan commitment is an agreement by a commercial bank or other financial institution to lend a business or individual a specified sum of money. The loan can take the form of a single lump sum or – in the case of an open-end loan commitment – a line of credit that the borrower can draw upon as needed, up to a predetermined limit.
Best Funding Capital ltd will provide loan to you based on the borrower’s creditworthiness on the value of some form of collateral, such as a home in the case of individual consumers. Borrowers can then use the funds made available under the loan commitment, up to the agreed-upon limit.