TPT Global Tech Inc (TPTW)

[Moneysign5]

I think we're on the same page. The approval process is quick because the lender does very limited due diligence until after the loan is initially approved. The lendee still needs to declare what assets he plans to use for the down-payment, collateral, etc. in order for the bank to approve the loan based on the information the lendee provided.

Then, after approval, the lender does a more extensive review to ensure the information that ST3 provided is accurate. Plus, there is a ton of other stuff, as you mentioned, like when and how much money is needed for each stage of the project.