Credit Policy
True/False
Land loans cannot be financed in SB
What is false?
We can finance Land loans, typically 5 year term with intention to build.
The continuum limits for Conventional Loans and SBA loans are at what dollar amounts? (2 answers)
What are 2MM and 5MM respectively for conventional and SBA.
The SA is able to change an SBB on the deal team members with a SA Rekey Update task?
What is False.
This must be done by the PM/ME through the Deal Team Member process on a SharePoint.
True / False
CBDOs and RMs are not listed on the deal team in Credit Center.
What is true. The SA is the only member on the coverage team.
For BB Continuum deals, what are the PE limits SA/RM can approve for sales size over 5MM?
What is 75 bps.
SA/RM can approve up to 75 bps.
SAM can approve up to 125 bps.
Ira approves over 125 bps.
What 2 methods are used to determine FCC?
What is Gross fixed asset, Avg depreciation.
A BB RM has a $3MM CONV OOCRE opportunity with sales under 5MM. What are the 2 primary options to proceed?
1. Send the opportunity through the continuum
2. Send the opportunity to a legacy SB Banker for process.
The Rekey team is able to add a missing GCI to an opportunity?
What is False.
This request must be sent to the KYC escalation mailbox.
True / False
Line increases are submitted in Credit Suite like any normal deal.
What is false? Submit as modification to current line.
What is the process to setup new IL workspaces?
What is using Erica.
SBA allows 25 year term if 51% or more of proceeds include CRE. Credit policy allows the same.
What is False – Bank requires 75%.
True / False
The parent company has exposure but our related entity doesn’t, we can work the deal through Continuum?
What is False.
Where can you check every morning to see if ACE has assigned any tasks to you?
What is Opportunity Details - My Tasks.
Where in credit center do you locate CAM + Spreads?
What is Document Manager.
Where in Credit Center can you find Deal status?
What is Deal Assignment tab.
If a SBA 7a loan is not fully secured, an assignment of ___________ will be required.
What is Life Insurance.
Name at least 3 excluded industries for BB Continuum?
What is Govt Contractors, NFP, Hedge Funds, Foreign-owned entity.
PFS note should be added before or after CEF submission?
What is before.
What does CEF stand for?
What is Credit Engagement form.
Where in Credit Center can you find who needs to approve a deal and concurrence status?
What is Approval requirements, click on facility.
What 3 things are key to consider no PG requests?
What is 2x DSC, 1:1 liquidity and targeted industry
A BB RM has a $3MM OOCRE opportunity with sales under 5MM. What are the 2 primary options to proceed?
What is -
1. Engage the SA for BB Continuum
2. Refer the opportunity to a legacy SB RM.
What tab in SLX can you confirm your loan has booked?
What is the Fulfilment tab.
What is the name of the role for SA on Credit Center Deal Team?
What is Credit Enablement.
Name 2 industries that require elevated guidelines of 1.50x FCC requirements?
What are Restaurants, Road and Rail.