A commercial lender will typically detail the basic terms of its offer of a loan in the form of a commitment letter, which could contain, among other things, a requirement that the borrower maintain a specified financial position.

Question

Quizplus · Accepted Answer

This is true. A commitment letter from a commercial lender will outline the basic terms of the loan offer, including any requirements for the borrower to maintain a specific financial position.

A Commercial Lender Will Typically Detail the Basic Terms of Its