Products, Business Maturity & Enterprise Codes
This individual has claimed off farm income for 10 years and plans to claim farming income for the first time in 2025. What is there maturity?
What is Mature
This is used for proof of purchase
What is a Bill of Sale or Offer to Purchase
The term VDR stands for
What is Verified Data Record
This agreement allows individuals to share profits and losses of a business
What is a partnership
A customer coded as mature is purchasing a $50,000 tractor. What approval channel would be used?
What is scorecard.
This this revolving product is used for capital purchases.
What is Advancer Loan
The Credit facility to security ratio policy for a RPL secured Young Farmer loan (%)
What is 80%
A Net Worth Statement is valid for
What is 12 months
This individual owns 25% or more of a corporation
What is Beneficial Owner
A customer coded as mature is requesting to term out his FCC input financing. This would be the approval channel.
What is detailed.
This business maturity indicates a customer has claimed its primary income source for less than two years
What is Startup
This phrase indicates a GSA
What is All Present and After Acquired Personal Property
One would commonly see company financial statements balance sheets reported in this valuation
What is Cost
If a company is financially strong and does not rely on repayment support from shareholders we can proceed with this
What is waive shareholders
A customer coded as startup requesting to purchase $10,000 in livestock. The security ratio is 50%. This would be the approval channel.
What is detailed
This product allows young farmers to financing 100% of their purchase.
What is Starter Loan
(PPL lending) PPSA searches are required over this loan amount
What is $50,000
FCC Policy states we require this for loans greater than $350,000.
What is Most recent income and expense statement (Income Tax Return or Financial Statement)
The primary beneficiary of the financing
What is Borrower 1
A customer coded as mature and is an Agriculture Landlord is looking to purchase $600,000 is land. The land is located in the same province they reside in. They are willing to put down 30%, wanting to financing the remaining $420,000. There credit score is 830. This would be the approval channel.
What is detailed.
For a customer coded as a mature Ag Landlord, the MAX scorecard credit facility size is this.
What is $350,000
For Real Property Lending the max credit facility ratio is this
What is 75%
When completing a detailed analyst, this financial information is required.
What is 3 years most recent income/expense and detailed assets and liabilities
This (individual or corporation) is not relied on for primary repayment and will not benefit from the purchase, however does provide support to the lending decision in the form of a secondary repayment source.
What is a guarantor
A customer coded mature, is looking to build a shop for $200,000. They farm 6,000 acres and typically gross about 1.6 million in revenue. Additionally, they recently activated their first flexi deferral on their YFL loan. After a good discussion with their RM they decided to use the flexi option as they wanted to ensure they had additional cash on hand while completing this capital purchase to ensure they wouldn't need additional financing if their is cost overruns.
What is scorecard.