Companies obtaining debt financing for the first time face new (and sometimes foreign) requirements. From initial lender discussions to receiving the funds can be a 3 to 4-month process. We’ve outlined what first-time borrowers can expect so leadership can prepare themselves and their company.
Table of Contents
I. 4 Months: Initial Discussions to Closing & Funding
i. Month 1: Initial Discussions
ii. Months 2-3: Lender Diligence
iii. Months 3-4: Loan Documentation
iv. Closing & Funding
II. After the Deal
III. Choosing & Working with Your Advisors
Stay In Touch