Who this guide is for
First Horizon provides senior and structured credit to established companies seeking USD 1 million or more. If you are a CFO, managing director, shareholder or advisor preparing a financing request, this guide explains exactly what happens after you press Request Loan on our website.
Step 1: Complete the secure loan request
Our online loan request is organised in eight short sections: Applicant, Company Profile, Ownership, Financials, Credit History, Facility Request, Collateral, and Documents and Declaration. Required fields are clearly marked, and you can move back and forth between sections before submitting. Most applicants with their figures to hand finish in 30 to 45 minutes.
Step 2: Preliminary credit screen (days 1 to 5)
A senior banker reviews every complete submission personally. At this stage we assess eligibility, leverage capacity and the most suitable structure. For complete submissions we aim to provide preliminary feedback within five business days, using the contact method you selected: email, phone, WhatsApp or video call.
Step 3: Indicative term sheet (days 5 to 15)
Where the request fits our criteria, we issue a non-binding indicative term sheet covering facility size, pricing, tenor, covenants and the proposed security package. Floating-rate facilities are referenced to SOFR; fixed-rate options are available for suitable profiles.
Step 4: Due diligence and credit committee (weeks 3 to 7)
Once terms are agreed in principle, we carry out financial, legal and KYC due diligence. The file is then presented to our independent credit committee, where every decision is subject to four-eyes approval.
Step 5: Documentation (weeks 7 to 10)
Facility documentation is based on Loan Market Association (LMA) standards, together with security documents and a clear list of conditions precedent.
Step 6: Funding (weeks 9 to 12)
When the conditions precedent are satisfied, the first utilisation takes place. Borrowers who have prepared well typically move from submission to funding within nine to twelve weeks.
Before you start
- Have three years of financial statements ready, audited where available
- Know the amount, purpose and repayment source of the facility
- Prepare a clear list of shareholders and ultimate beneficial owners
- Gather your key documents as PDF files
When you are ready, select Request Loan at the top of any page to begin.
This publication is for informational purposes only and does not constitute financial advice, an offer or a solicitation to buy or sell any financial instrument.