Funding Request Review

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 e-signature is required for funding request approval.

Who Can Use This

      • Facility Agents: Review and make decisions on funding requests

When This Is Used

      • When a funding request shows FAReview status
      • When you need to evaluate a borrower's drawdown request

Step-by-Step Process

Step 1: Access the Funding Request

      1. Navigate to Credit Facility from the left menu
      2. Go to Active Facilities tab
      3. Find the funding request under the relevant master commitment
      4. Click Review Funding Request action

Step 2: Evaluate the Request

Review the following:

Request Details:

      • Draw amount
      • Funding date
      • Purpose of funds
      • Draw currency

Documentation:

      • Collateral Addendum
      • Supporting documents

Capacity:
      
      • Available borrowing capacity
      • Facility utilization

Step 3: Make Your Decision

Three options are available:

  Decision
  When to Use
  What Happens
  Approve
  Requirements met
  Funding notice auto-generated
  Reject
  Requirements not met
  Borrower creates new request
  Request Changes
  Modifications needed
  Borrower edits and resubmits

Click Approve:

      • Status changes to APPROVED
      • Funding notice is automatically generated (Pending Token Generated)
      • Proceed to approve funding notice and e-sign

Click Reject:

      • Provide rejection reason
      • Status changes to REJECTED (final)
      • Borrower must create a new request

Click Request Changes:

      • Enter details about needed changes
      • Status changes to CHANGES_REQUESTED
      • Borrower can edit and resubmit

After Approval

When you approve a funding request:

      1. Funding Notice Generated (Pending Token Generated)
      2. Approve Funding Notice - Click Approve on the funding notice
      3. E-Sign for Each Lender - Click E-sign (0/n) and sign for each lender via Adobe Sign
      4. Lender Visibility - Each lender sees the funding notice once their e-sign is complete
      5. Lender Fund Transfer - Lenders transfer funds and click Confirm and Settle

Key Points

      • No E-Sign for Approval: Funding request approval doesn't require e-signature (unlike term sheets)
      • Auto-Generate Notice: Approved requests automatically create funding notices      
      • Rejected Is Final: Rejected requests cannot be resubmitted
      • E-Sign Per Lender: For funding notices, you sign for each lender individually

    • Related Articles

    • 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 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 ...

    • 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 ...

    • 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 ...