Understanding indicative vs firm offers
Why early figures change once a lender looks closer.
Offers on Capvant come in two states: indicative and firm.
Indicative offers
An indicative offer is a provisional figure, put together from what you told us at the start (the amount you asked for, the purpose, and any headline financial details). It gives you a fast first read on what a lender might do, before they have looked closely at your business.
Firm offers
A firm offer follows once a lender has reviewed your actual financial documents, most often your bank statements. The figures firm up: rate, term and fees are based on what your business really looks like, not an early estimate.
Why this matters
Uploading your documents promptly is the single biggest thing you can do to move indicative offers toward firm ones, and often improves them, since a lender working from real numbers can offer with more confidence.
Every offer, indicative or firm, is shown in the same table, so you can compare them like for like: amount, rate, term, fees and total cost. A short label on each offer tells you whether it is indicative or has been confirmed.
See Uploading bank statements for how to move things along, and Comparing and accepting an offer for what happens once figures are firm.
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