[LoanGuy]

Lot's of lenders ask an applicant how much capital they need, on an application. If the applicant is approved for a biz loan but for less funding than asked, does the lender need to provide some kind of AAN or justification? I don't see this too often so was wondering if there is no requirement or lenders are lax in complying.

Anyone have experiences with this?

[Sean Cash]

I know you want the quick easy free answer but if you want to make sure you're covering all your bases, I'd recommend Hudson Cook LLP to advise you properly on this. They recently published an article addressing this very subject: http://dailyfunder.com/magazine/addi...egal-concerns/

Robert Cook can be reached at 410-865-5401 or by email at rcook@hudco.com.

Kate Fisher can be reached at 410.782.2356 or by email at kfisher@hudco.com.

Chris Chamness can be reached at 410.782.2321 or by email at cchamness@hudco.com.