Don’t worry! If the borrower requests a change to their financing and they haven't signed their final agreement documents, you can still easily revise the borrowing amount. Go to your Business Center Dashboard, find the applicant's name, and select Change under the Next Steps column. Then, enter the new amount. If a “Max” flag appears, the amount requested is already the maximum amount the applicant is approved to borrow, so no increases will be accepted. Please ensure you review any changes with the borrower and get their consent before revising.
What do I need to do if the service amount needs to be changed?
Last Updated June 8, 2023less than a minute read
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Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.








