Dear SF Community, I have a company under an LOI and I have been reaching out to lenders to get term sheets. While most lenders are okay with signing an NDA, some lenders insist it is not necessary as they treat all deal-related information as confidential material anyway.

Is it "safe" for me to work with lenders without an NDA?

Why would some lenders refuse to sign an NDA?

Thank you for your time.