Q: At what point is the borrower committed to obtaining a loan?
A: The borrower is not committed until the moment he chooses the winning proposal. If the terms and rates do not fit the needs of the borrower, the borrower is not required to close with any of the funders.

Q: How do borrowers know that the funder honors the rate and terms offered in their proposals?
A: MFC screens qualified funders before they receive a borrowers information. The funder agrees not to re-trade the customer if everything described in the borrower's live submission form is accurate. Of course, if the information submitted by the borrower is stale, false or misleading, then the funder has the right to re-negotiate the deal or not to participate. Also, there is a feedback form where borrowers rate funders. Having negative information given on a funder in the form will keep MFC from using that funder. Therefore, funders will want to follow through as promised.

Q: Will borrowers receive telephone calls or mail from soliciting funders?
A: Yes. Once you register, funders will be provided your contact info.

Q: How does the loan closing take place?
A: The funder and borrower arrange closing procedures directly, without MFC’s involvement. It is advisable to use the services of specialized professionals, such as attorneys, appraisers and accounting firms.

Q: How does the borrower know the funder is capable of funding the loan?
A: When the funder applies to submit proposals on MFC, the funding firm defines its loan criteria. The funder specifies what types of loans it will make in terms of size, sector of business, and category. Then MFC automatically matches only those borrowers that fit these lending criteria. Also, MFC uses a stringent process to review and approve funders, and only those licensed funders with proven performance records in the loan category are accepted.

Q: Is MFC a funder and/or broker?
A: No. MFC is neither a broker nor a funder. MFC is not licensed to make or buy loans. MFC is Your Gateway Matching Source to Business Finance Solutions.

Q: Can funders use MFC to see if a current customer is shopping for a new loan?
A: No, because information provided to funders for the initial proposal process does not include the borrower's name, so it does not reveal the borrower's identity or his current funder.