Funding Application Process A-Z Training

Funding Application Process A-Z Training

Professional Development

15 Qs

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Funding Application Process A-Z Training

Funding Application Process A-Z Training

Assessment

Interactive Video

Business

Professional Development

Practice Problem

Hard

Created by

Tayvon Carr

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in the funding process?

Applying for funding

Creating a business plan

Onboarding the client

Credit repair

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should be done if a client has a high credit score but some inquiries?

Ignore the inquiries

Proceed with funding

Remove the inquiries

Increase the loan amount

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many credit unions are mentioned for the application process in the video?

Five

Six

Seven

Eight

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to apply for $25,000 from each lender?

It is the maximum amount allowed

It simplifies the calculation

It is a standard industry practice

It ensures higher approval rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is 'funding stacking'?

Applying for loans from different lenders at the same time

Applying for loans with different amounts

Applying for loans at different times

Applying for multiple loans from the same lender

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended time to apply for funding?

Morning

Evening

Night

Afternoon

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the preferred method of communication with credit unions?

Mail

Phone

Email

In-person

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