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Application Process Acquisition

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Questions and Answers

What is the purpose of a Conditional Loan Offer (CLO)?

To submit the first batch of documents for internal team screening

To give the lead an estimated loan amount (correct)

To conduct a basic credit check on the lead

To identify if a lead has been granted a credit line and interest rate

What document is essential for the Business Verification Process (BVP)?

Notarized Managing Partner's Certificate

SEC Certificate of Registration (correct)

Valid ID

Latest General Information Sheet

Which document is NOT required for a Sole Proprietorship?

Future Revenue (if B2B) (correct)

Bank Statements (3-6 months)

Latest Income Tax Return or Audited Financial Statements

Notarized Secretary's Certificate/Board Resolution

What is the key purpose of the RiskOps team in the application process?

To conduct a deep dive into the lead's financial statements Signup and view all the answers

What is the last step in the Preliminary CLO process?

Securing necessary documents for the application Signup and view all the answers

Which document is NOT required for a Corporation?

SEC Certificate of Registration Signup and view all the answers

What is the minimum required information for Trustpass BTP submission?

Company Type, Contact Number, Company Address Signup and view all the answers

In Trustpass 2, what is the required submission criteria for a PRC ID?

Should clearly show the birthdate Signup and view all the answers

What is the main difference between Trustpass 2 and Trustpass BTP in terms of submission criteria?

Trustpass 2 requires a managing partner for partnerships, while Trustpass BTP requires at least a 10% shareholder/BOD for corporations. Signup and view all the answers

What must be verified for a General Information Sheet (GIS) submission to be considered valid?

Matching the lead's personal information with the SEC registration details Signup and view all the answers

Which document should be submitted instead of a General Information Sheet (GIS) if the lead is required to do so?

Articles of Incorporation Signup and view all the answers

What is a crucial requirement for the Articles of Incorporation to be considered valid?

Displaying the SEC stamp/acknowledgment Signup and view all the answers