How Do I Change a Funded Deal's Contract Terms?

Created by MCA Suite Support Team, Modified on Wed, 25 Sep, 2024 at 8:19 AM by MCA Suite Support Team

Once a Deal has been funded, it will be in the Funded Stage. When the Deal is in the Funded stage, you can still edit basic details (including owner and company information), send emails, add notes and tasks, etc. 


However, you will NOT be able to edit the Deal Contract Details, such as Funded Date, Advance Amount, Repayment Terms, etc.


In order to change a Funded Deal's Contract Terms, you will first need to unselect the selected offer that funded the Deal. To begin the unselect offer process, you must go to the Submissions Page by clicking on the "View All Submissions" button from the Deal Summary page:  



From the Submission List page, you will see the selected offer highlighted in green. This offer is what defines the Funded Deal's Contract Terms:


To unselect the offer, click on the “⋮” menu icon next to the selected offer. This will display the option to "Unselect Offer":  



Click "OK" on the pop-up menu to confirm you wish to unselect the offer:



Once you have clicked "OK," the Deal is now re-set to the Application stage. Now you can pick another offer and go through the Funding process again, with the modified or updated Contract Terms. Refer to this article on how to complete the Deal Funding process.










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