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Amy, a file manager at CDC Small Business Finance, explains the commitment letter received after loan approval. This letter acts as a snapshot of the loan, detailing necessary items for finalization and funding. Once approved, you'll receive this letter via email, which includes estimated loan terms, structure, fees, and documents required for the next steps. A call will be scheduled to review the letter and address any questions. At this stage, you will also be required to pay the loan packaging fee, signifying your commitment to proceed with the loan request and adhere to the conditions for approval.