Welcome to Lendersa®! Here is how you get the most out of your loa request
Thank you for completing your basic loan request. Please read this short guide to make the most of your Lendersa® experience.Scroll down to read the full guide before accessing your dashboard.
Your request has been successfully sent to matching lenders. Your primary goal right now is to receive a "soft quote" from interested lenders so you can compare offers side by side or have Lendersa® AI analyze them for you.
Get multiple Loan proposals
⏱️ What Happens Next?
- Manual Review: Before sending an introduction message or loan quote, each lender manually reviews your request and loan purpose.Any message you receive means they have already reviewed your information.
- Wait Time: Because lenders review requests manually, it may take 30 minutes or longer to receive replies.
- Notifications: You will receive an email each time a lender responds.
💻 Step-by-Step: Using Your Dashboard
- Review Lender Pitches: On your dashboard, click on each lender to view their quote or introduction message.
- Use the Private Communication Page: You have a separate communication page for each lender, allowing you to communicate privately without sharing messages with other lenders.You can send documents and links to each lender individually or choose to send the same messages and documents to multiple lenders at once.
- Request Soft Quotes: If a lender sends an introduction message without a quote, use the message page to ask for one.
- Leverage AI: You may use Lendersa® AI to draft suitable, prompt responses to your lenders.Commercial loans that banks won't do.
Example message: "I’m interested in discussing my loan request with you, but I’d like an initial idea of the programs you can offer based on my request. Please let me know what additional information or documents you need to provide a soft quote".
🗣️ Communication Best Practices
ENGAGING WITH LENDERS DIRECTLY THROUGH THE PLATFORM ENSURES YOU GET THE BEST POSSIBLE OFFERS.
- Respond Promptly: Reply to every message to acknowledge the lender’s effort and show that you are responsive.Lenders are more likely to provide attentive service when they know you are engaged.
- Use Lendersa®’s messaging system: Creating messages and sending documents through your portal helps you receive faster replies and keeps a clear record of what you sent, when you sent it, and which lender received it.
- Avoid email: Do not use email until you receive a soft quote or LOI.Even then, Lendersa® messaging is the better option because it keeps all lender communications in one place.
- Address Unacceptable Offers: If a lender’s offer does not meet your needs, let them know.If they cannot provide a better revised offer, you may remove that lender from your list and focus on the remaining competing lenders.
- Track Conversations: Keep notes of every conversation. If a lender calls you, ask them to provide a soft quote.They may give the quote verbally; if so, record it in your private memo to track each lender’s comments and avoid confusion.
⚖️ How to Compare Soft Quotes
Every soft quote includes two key elements:
