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Document Id : 3360
File Type : Microsoft Word
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USA Letter of Interest and Loan Proposal from Broker
USA brokers, write a letter of interest and loan proposal to a client who wants to secure conventional financing to capitalize its business.
- The broker would be given the exclusive mandate to source out the financing.
- Upon agreeing to the terms, the client will pay the broker a retainer to cover expenses.
- As compensation, the broker will be paid a commission, being a percentage of the total funds acquired.
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