Funding Request Outcomes

Understand what happens after your funding request is reviewed

Overview

When you submit a funding request, the facility agent reviews it and makes adecision: Approve, Reject, or Request Changes. This guide explains what eachoutcome means and what happens next.

Possible Outcomes

After you submit a funding request to the facility agent, there are three possibleoutcomes:

      1. Approved - Your request meets all requirements

      2. Rejected - Your request doesn't meet requirements

      3. Changes Requested - Your request needs modifications

                                                                              Funding Request Review - FA

Approved

What It Means:

      • Your funding request meets all requirements

      • The facility agent has approved your drawdown

      • The funding process proceeds

Status Change:

      • Status changes to APPROVED

What Happens Next:

1. Funding Notice Generated

      • The system automatically generates a funding notice

      • Status: Pending Token Generated

2. Facility Agent Approves Notice

      • The facility agent clicks Approve on the funding notice

3. Facility Agent E-Signs for Each Lender

      • The facility agent signs the funding notice for each lender individually

      • Progress shows as E-sign (0/n), (1/n), (2/n), etc.

4. Lenders See the Notice

      • Each lender can see the funding notice once the FA has e-signed for them

5. Lenders Transfer Funds

      • Lenders review the funding notice

      • Lenders select payment method

      • Lenders transfer funds and click Confirm and Settle

6. Funds Disbursed

      • Tokens are transferred

      • You receive the funds

Rejected

What It Means:

      • Your funding request doesn't meet requirements

      • The facility agent has declined your request

      • The rejection reason is provided

Status Change:

      • Status changes to REJECTED (final state)

What Happens Next:

1. Review Rejection Reason

      • Read the reason provided by the facility agent

      • Understand what requirements were not met

2. Create New Request

      • Rejected requests cannot be resubmitted

      • You must create a new funding request

      • Address the rejection reasons in your new request

Important: You cannot edit or resubmit a rejected funding request. You must startfresh with a new request

Changes Requested

What It Means:

      • Your request needs modifications before approval

      • The facility agent has specified what needs to change

      • You can edit and resubmit

Status Change:

      • Status changes to CHANGES_REQUESTED

What Happens Next:

1. Review Change Request

      • Read the details provided by the facility agent

      • Understand what modifications are needed

2. Edit Your Request

      • Your funding request becomes editable again

      • Make the requested changes

      • Update documentation if needed

3. Resubmit

      • Submit the updated request

      • Status changes back to FAReview

      • Facility agent reviews again

4. Await New Decision

      • The facility agent may:

            ◦ Approve (funding notice generated)

            ◦ Reject (create new request)

            ◦ Request more changes (repeat process)

Summary

Outcome	Status	Funding Notice	Next Steps
Approved	APPROVED	Auto-generated	FA e-signs, lenderstransfer funds
Rejected	REJECTED	Not created	Create new request
Changes Requested	CHANGES_REQUESTED	Not created	Edit and resubmit

Tips

For Approved Requests:

      • Monitor the funding notice progress

      • Funds will be disbursed after lenders Confirm and Settle     

For Rejected Requests:

      • Carefully read the rejection reason

      • Ensure your new request addresses all issues

      • Verify capacity and documentation before submitting

For Change Requests:

      • Address all requested changes

      • Double-check before resubmitting

      • The process may repeat until approved or rejected

• Related Articles

• Funding Request Review

  How facility agents review and approve funding requests Overview This guide covers how facility agents review funding requests submitted by borrowers. The facility agent evaluates each request and decides to approve, reject, or request changes. No ...

• Funding Request Review

  Learn how facility agents review funding requests and make approval decisions Overview When borrowers submit funding requests, facility agents review them and decidewhether to approve, reject, or request changes. No e-signature is required forfunding ...

• Funding Requests

  Learn how borrowers create and submit funding requests for credit facilities Overview Funding requests are how borrowers draw down funds from active credit facilities. After a master commitment is active and deal modelling is complete, borrowers can ...

• Funding Requests Overview

  Learn what funding requests are and how to create them Overview A funding request is how borrowers draw down funds from an active credit facility.After a master commitment is active and deal modelling is complete, borrowers cancreate funding requests ...

• Funding Notice Review

  Learn how lenders review funding notices and complete fund transfers Overview Funding notices document approved drawdowns from credit facilities. After a funding request is approved, the facility agent processes the funding notice (approves and ...