Frequently Asked Questions
1. How long does the loan process take?Answer: Typically about 2-3 weeks, provided we receive all necessary financial documentation from the client. This allows the lender to evaluate the loan request for quick approval in most cases.
2. What are the typical loan interest rates?
Answer: The interest rates and loan terms are very competitive, and are based on several factors such as; type and size of the loan, purpose of the loan, credit history of the applicant etc. Once a loan is approved, the lender(s) will provide a quote for the client to either accept or decline.
3. Does your company charge any fees?
Answer: Yes, we charge an initial $100 dollar fee to cover our costs of packaging the loan proposal, printing, faxing and FedEx of documents to the lender. However, if a loan is accepted by the client and funds dispersed, we will either deduct the fee from our commission that you pay us, or we will return the fee in the form of a check.
4. How many lenders do you work with?
Answer: We have access to over 200 lenders nationwide. What makes us unique is that we can place your loan request in almost all cases with a lender who understands your industry and is very knowledgeable. For example, let’s say your business is in the Medical, Construction, Hospitality, Real Estate or Manufacturing industries, we will place your loan package with lenders who specialize in that particular industry.
5. How do I start the process?
Answer: We will send you a form, “Agreement for Financial Services”. If you want our company to act on your behalf with the lenders as a Financial Consultant, simply sign and return the form, with the initial $100 fee, and we can start the process of assisting you to
acquire necessary funding.
6. Who do I make the check out to?
Answer: Make the check payable to “Matthews & Associates”, and return it to our mailing address.
7. Will our information remain confidential?
Answer: Yes, absolutely. We keep all clients information strictly confidential at all times, and practice the highest ethical and compliance standards in the Financial Services industry. We act with a great amount of integrity, because we understand you may require future funding. Lastly, our business is based on receiving quality referrals, and we want you to be completely satisfied with the level of service we provide.
8. What financial documents do you need?
Answer: Either myself, or one of my associates will work with you and explain exactly what is needed to present to our lenders to successfully
acquire a loan. These are standard documents and financial records that all lenders require to evaluate a potential applicant.
9. Do you handle personal loans?
Answer: Yes we do. While it is not our main focus, we do have access to lenders who will approve loans for debt consolidation or other reasons. People who we can work with are generally, white collar workers, professionals, entrepreneurs, business owners and key employees, and need loans from as little as $2,000 up to $25,000.
| Copyright 2010 Matthews and Associates |