> For the complete documentation index, see [llms.txt](https://docs.uptiq.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.uptiq.ai/commercial-lending/getting-started/concepts/applications-and-deals.md).
# Applications and deals
Learn what an application is, why the UI says deal, and what happens when it reaches Closed.
An application is the record that represents a loan request through every pre-servicing stage. It enters the system at **Intake**, moves through underwriting via **Application**, **Pre-Screening**, and the memo stages, and ends at **Closed**, **Not Eligible** or **Withdrawn**.
Once an application reaches **Closed**, it spawns a loan account in Servicing.
Across the UI, the same record is called an *application* on the Applications list and a *deal* in the Deal Hub context. These docs use *application* consistently for pre-servicing.
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