What happens to my commitment if a loan isn't fully funded?

If a Loan Request has not attracted Lender commitments sufficient to fully fund the requested amount within 30 days, Loop Funding may, at its sole discretion, extend the period of time during which that Loan Request will remain open by up to 15 days.

If a Loan Request's listing period expires and the Loan Request did not attract Lender commitments sufficient to fully fund the requested amount, Loop Funding may provide a Borrower Loan in an amount less than the initial amount of the Loan Request where it deems it would be reasonable to do so or Loop Funding or one of its affiliates may fund the remaining amount.

In the event a Loan Request is canceled, the amount that a Lender committed to that Loan Request will be credited back to that Lender's Account.

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