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 request approval. This guide explains the review process for facility agents.

Who Can Use This

      • Facility Agents : Review funding requests and make approval decisions

When This Is Used

Use funding request review when:

      • A funding request is submitted with FAReview status

      • You need to evaluate a borrower's drawdown request

      • You want to make an approval decision

Step-by-Step Process

Step 1: Access the Funding Request

1. Navigate to Credit Facility

      • Log in with your Facility Agent credentials

      • From the left expandable menu, click on Credit Facility

      • Go to the Active Facilities tab

2. Find the Funding Request

      • Locate the funding request under the relevant master commitment

      • Status shows FAReview

      • Action column shows Review Funding Request

3. Click Review Funding Request

      • Click Review Funding Request to open the review popup

                                                                        Review Funding Request - Review

Step 2: Evaluate the Request

1. Review Request Details

      • Check the draw amount

      • Verify the funding date

      • Review the purpose of funds

      • Check the draw currency

2. Review Documentation

      • Check the uploaded Collateral Addendum

      • Verify documentation is complete

3. Verify Capacity

      • Ensure the draw amount is within available borrowing capacity

      • Check facility utilization

Step 3: Make Your Decision

The review popup shows three buttons:

Option 1: Approve

When to Approve:

      • Request meets all requirements

      • Draw amount is within capacity

      • Documentation is complete

      • No compliance issues

What Happens:

      • Click Approve

      • Status changes to APPROVED

      • Funding notice is automatically generated (Pending Token Generated)

      • Proceed to funding notice processing

No e-signature is required for funding request approval.

Option 2: Reject

When to Reject:

      • Request doesn't meet requirements

      • Insufficient capacity

      • Documentation issues

      • Compliance problems

What Happens:

      • Click Reject

      • Provide rejection reason

      • Status changes to REJECTED (final)

      • Borrower must create a new request

Option 3: Request Changes

When to Request Changes:

      • Minor issues need addressing

      • Additional documentation needed

      • Clarifications required

What Happens:

      • Click Request Changes

      • Enter details about needed changes

      • Status changes to CHANGES_REQUESTED

      • Borrower can edit and resubmit

What Happens After Approval

After you approve a funding request:

1. Funding Notice Generated

      • Status: Pending Token Generated

2. Approve Funding Notice

      • Click Approve on the funding notice

3. E-Sign for Each Lender

      • Action shows E-sign (0/n)

      • Sign for each lender individually via Adobe Sign

      • Count updates as you sign (1/n, 2/n, etc.)

4. Lender Visibility

      • Each lender can see the funding notice once their e-sign is complete

5. Lender Fund Transfer

      • Lenders review funding notice

      • Lenders transfer funds and click Confirm and Settle

Rules & Validations

      • FAReview Status Required : You can only review requests in FAReview status.

      • No E-Sign for Approval : Unlike term sheets, funding requests don't require e-signature for approval.

      • Rejected Is Final : Rejected requests cannot be resubmitted; borrower createsnew request.

      • Auto-Generate Notice : Approved requests automatically generate fundingnotices.

Decision Summary

Decision	Status Change	Funding Notice	Next Steps
Approve	APPROVED	Auto-generated	Process funding notice, e-sign
Reject	REJECTED	Not created	Borrower creates new request
Request Changes	CHANGES_REQUESTED	Not created	Borrower edits and resubmits

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