Product Knowledge
True or False:
We can approve leasing for ORR7?
What is TRUE.
What type of business entity will have a fiscal year ending on Halloween?
What is C- CORP?
Gross fixed asset and Average depreciation are 2 methods used to calculate MCAPEX to determine what?
What is Fixed Charge Coverage.
GCI coverage team must be updated in this system for an Enhanced deal.
What is Credit Toolkit.
True or False:
Spread Only GCIs can be used for standard deals?
What is False.
What is the minimum SBA 7a loan?
False
The small business underwriting team can accomodate opportunities without a PG. We have our first approval on the LI Team.
TRUE or FALSE:
When right sizing a LOC using the company balance sheet, the maximum amount is 80% of A/R & 50% of Inventory.
What is TRUE.
What is the FCC requirement for Restaurants, Road/Rail and Contractors?
What is 1.5x Restaurant, Road/Rail and 2x for contractors.
If a guarantor is on extension, what personal documents must be collected?
What is 2023 PTR, 2024 PTR, 2025 Extension, 2025 W2.
How do we log decline appeals?
What is SLX – Appeal note.
Name 3 term products with no prepay.
What is CONV equipment term, 7a >15 years, 504 - Bank loan portion
The minimum amount of annual residential rent expense we will charge a non-home owner.
What is $18,000.
True or False:
For CONV deals, Guarantees are required for minimum of 60% of the ownership, and all owners over 33%. We cannot submit a deal unless we meet these.
What is FALSE.
We can consider as exception with mitigants to support.
This is the mailbox used to engage the CSA team for Renewals, or Modifications through Standard.
What is BB Credit Request Standard Channel.
True or False.
If a RM/SRM brings a discouraged industry, we should not submit the application because it will be declined.
What is False.
We don't say NO. Engage your SAM to help find the path to YES.
True or False.
We cannot use our new line to pay off a competitor line; the client must bring the balance to zero and close first
What is FALSE.
We can pay off a competitor line and term UCC post close with AO approval noted in CAM.
When calculating business cash flow, what are the three main add backs(not including rent)?
What is Interest Expense, Depreciation, & Amortization Expense. (EBIDA)
True or False:
Environmental Due Diligence is not required on loans <500k.
What is FALSE.
Not required CONV, required on all SBA.
Name 4 industries from the “excluded” industries list that route to Enhanced Channel.
What is...
Not for Profit, Private Equity, Foreign Owned, Govt Contactor, ESOP, Condo Association , CO-OP, Golf Courses, AG, Financial Institutions, CO-OPs
If you have two facilities closing w/ two different Closing Coordinators, name one best practice to handle your deals.
What is 1)set up call with all CCs 2) add notes to each deal in SLX referencing the other facility 3) ensure deals are linked under “master” on the main facility.
What is shortest term on a SBA 504 first mortgage?
The Formula for Determining Gross Fixed Assets Cap Ex.
What is (Gross Fixed Assets / Useful Life of Equipment) – Annual Debt Service of Equipment Loans.
What is the minimum occupancy requirement for CONV OOCRE?
What is - there is no minimum in Credit Policy.
Occupancy
If a CEF submission includes a new facility and a modification, what is the process?
What is add the new money facility and notate the modification in the comments box.
Name the CONV and SBA Credit Executives for Standard Channel.
What is Craig McGuire and Marcus Smith.