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Amy Do, file manager at CDC Small Business Finance, explains the importance of the commitment letter in the loan process. Once your loan request is approved, you will receive a commitment letter outlining the terms, fees, and additional documents needed to finalize and fund your loan. This letter serves as a roadmap for the next steps and ensures that you understand the requirements for moving forward with your loan request. The commitment letter also includes information about the loan term structure and fees, and you will have the opportunity to ask any questions during a detailed call with the lender. Payment of the loan packaging fee indicates your commitment to proceeding with the loan process and working with the lender to meet the conditions for approval.