Our Process

The following are the steps a potential borrower must take to submit a loan request to New Boston Capital.

  1. Potential borrower must read New Boston Capital's Legal Disclaimer. Click here to read the disclaimer.
  2. Potential borrower must submit a completed initial loan request. Incomplete information will delay or discontinue the review process. To submit an initial loan request click here.
  3. Once a cursory review has been completed, a principal will contact the potential borrower regarding the decision to further consider the request. Should we decide to proceed, potential borrower must complete a commercial loan application and New Boston Capital will call to schedule an appointment, view the collateral and commence with the due diligence process. To obtain a copy of the commercial loan application, click here.
  4. Once your request is approved, New Boston Capital will issue a term sheet outlining the terms of the transaction within 24 hours.
  5. Upon receiving the signed term sheet with deposit, New Boston Capital will then proceed to underwrite and close the loan. Please follow steps 6 and 7 to expedite the process to close the transaction.
  6. Potential borrower must submit a completed Personal Financial Statement. Incomplete information will delay or discontinue the process. To obtain a copy of the Personal Financial Statement, click here.
  7. Potential borrower must submit as many application items from the due diligence checklist as possible. To view the checklist, click here. (Please note, the due diligence checklist is a comprehensive list and certain line items may not apply to your specific request.)