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COMMERCIAL FINANCE 701 — Term sheets and commitment letters

EDITOR’S NOTE: Commercial Finance 701 is a continuing series on commercial loans written exclusively for the Mississippi Business Journal.  This series is geared to lenders, developers, investors and transactional attorneys. In commercial finance, the difference between a term sheet and a commitment letter is like the difference between a football prospect’s “soft commitment” and an executed National Letter of Intent.  They ...

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