The American Association of Private Lenders has designated Lightning Docs, a proprietary cloud-based system for creating loan documents for commercial purposes, as its official loan document provider (AAPL). Lightning Docs establishes the benchmark for loan documentation for the private lending sector. Users can download loan documents of the highest quality by answering simple questions.
Our private lending community may efficiently and effectively access the necessary, high-quality loan documents with the help of Lightning Docs. According to Eddie Wilson, CEO & Chairman of AAPL, this makes the process efficient, effective, and smooth.
The American Association of Private Lenders (AAPL) is the nation’s oldest and most reputable national association for private lending. They recognize that a self-governed sector has the lowest likelihood of being controlled externally and expect high standards and responsibility as a membership criterion.
According to Nema Daghbandan, Esq., Partner at Geraci LLP, Lightning Docs is a positive development for the future of private lending. This program was developed to meet the requirement for creating loans for business purposes. It allows users to traverse the system while also benefiting from using attorney-reviewed legal language applicable to all federal loans. Customers now have the option to manage the entire loan document generation process themselves at a fraction of the price of hiring attorneys. Before the end of 2022, Lightning Docs expects to create more than $1 Billion in loan documents per month, up from the present rate of more than $800,000,000 per month. To read more on this, click here.
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