FLA New Client Training Section 7

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Section 7. Final Quiz

FINAL STEP! You're Almost Ready To Begin Using Our Program!

Section 7 of 7 (100% Complete)

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New Client Training Quiz

This quiz was developed to ensure each new client has a clear understanding of the First Look Approval Financing Program. Please take this quiz after completing the online training process in it's entirety. Once you've completed the quiz, we will contact you right away with your login credentials so that you can begin submitting live credit applications immediately.

Your Name *

Email *

Business Name *

When is the borrowers first payment due? *

a. 30 days from approval date b. 45 days from approval date c. 30 days from date loan is signed d. 45 days from date loan is signed

Inaccuracies within the online application will result in a slower processing time. *

True False

It's perfectly legal to charge a customer more or less based on their credit rating. *

True False

You may add a co-borrower to the application in order to increase their chances of an approval. *

True False

You should use the "Ask a Question" feature for which of the following: *

Requesting a different loan amount Requesting a promotional offer Requesting an extended loan term Asking a question All of the above

What is the most important document to review with each of your customers while reviewing their loan documents? *

a. Credit Report b. FAQs c. Federal Loan Disclosure d. Promissory Note

In order to get funded, what needs to be completed? *

a. Delivery Confirmation Slip b. Nothing, its automatic c. Signed Loan Documents d. Confirmation Call e. A, C and D

First Look Approval verifies the borrowers identity by the following: *

A copy of the borrowers ID This is done electronically A phone call to the borrower A phone call to the borrowers employer

When should financing be offered? *

a. Every sale b. When requested c. Never d. To anyone you think might be interested

Approvals in the merchant portal are good for: *

30 days 45 days 60 days 90 days

What Did You Think Of This Training Process? We're Always Looking To Improve And Would Love Your Feedback! *

Submit To Finish Training & Receive Login Credentials

Who Is First Look Approval?

First Look Approval is a customer finance company that has a unique way of doing things. Our amazingly simple online financing platform is integrated with multiple lending programs, giving merchants and borrowers alike more options when it comes to financing. We have a diverse background in customer finance and work hard to educate our clients on how to correctly implement customer financing in their business.

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