Credit Myths
Continuum Rails
Credit Levers
Pricing/Process
Other
Tools
100
Cash out Refinances can be accomodated via the legacy small business rails. True/False
What is true?
We require more diligence on the use of funds however we are 4/4 in the NE this year on these requests.
100
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.
100
The two asset types that can be financed with an SBA 504 loan
What are real estate and equipment (Equipment with a useful life of at least 10 years).
100
Market Executives can approve pricing exceptions for legacy SB RM deals? True/False
What is false? We must follow SB pricing protocol
100
This line of credit product in legacy BB provides 50% incentive credit instead of 35%
What is BABC?
100
This is the most famous line from the iconic movie that made people afraid to go in the water, which is celebrating its 50th anniversary this year…
What is "YOU’RE GONNA NEED A BIGGER BOAT!"?
200
No PGS are a non starter for the continuum and Small business underwriting. True/False
What is False ?
The small business underwriting team can support opportunities without a PG. It is an exception just like it is in legacy BB. We do have our first approval on the LI Team.
200
SB RM and BB Continuum opportunities are routed through the same credit underwriting team? True/False
What is True?
200
This is the maximum term and amortization on a standalone 7a buy out loan.
What is 10 years?
200
True/False Opportunities that have exactly 10MM in exposure are underwritten in the credit center
What is False - Opportunities up to 9,999,999 are underwritten in the credit center. Opportunities 10MM and over are underwritten by our regional credit team.
200
In the movie ‘Bridesmaids’, this musical group plays at the wedding reception at the end of the movie.
Who is Wilson Phillips (singing “Hold On”)?
200
When looking to compare deal pricing, this is a critical tool.
What is Precision Lender?
300
On continuum opportunities where we have both CPA financials statements and tax returns, the small business team will default to tax returns for underwriting. True/False
True - However we can request our team to review financials statements if they are CPA prepared.
300
This was Meg Ryan's character's AOL username in the movie ‘You’ve Got Mail’.
What is SHOPGIRL?
300
This recent policy change requires us to order a DDI for any credit action where the exposure exceeds this dollar amount
What is $5MM? (This is for both rails)-
* In legacy small business for high risk industries this cut off is at $3M.
300
Our commercial BDOs officially cover the offices of these two commercial real estate outfits
What are NAI and Lee & Associates?
300
Researching historical RR data would be found in this tool.
What is Credit Sync?
400
Our primary source of repayment is cash flow for all of our legacy BB credit products except this one.
What is an ABL facility?
PSOR is Asset Conversion
400
Shrek makes a comparison between Ogres and something specific - Ogres are like______.
What are onions? They both have layers.
400
This SBA product has a maximum exposure limit of $500,000.
What is the SBA Express facility - (Either a 10 year term loan or a revolver to term for 12 months with a 9 year amortization)
400
In business legacy business banking we utilize yield maintenance as the primary pre-payment language on our fixed rate term loans. (True/False)
What is False?
Our standard language is 5/4/3/2/1 prepayment.
There is NO prepayment on the first mortgage of SBA 504 loans AND non real estate loans.
400
This type of limited borrowing base facility in legacy Business Banking can extend up to 5 years and does not require a field exam by policy.
What is an Asset Test Line.
400
To view future portfolio maturities, this tool contains this information and more.
What is the WCPD?
500
Buddy the Elf added this boxed breakfast treat to his breakfast spaghetti.
What are Pop-Tarts!
500
Land loans cannot be done in small business or on the small business rails. True/False
What is false? They certainly CAN, the term is typically a 5 year max with an intent to build.
500
Name at least 1 Franchise concepts outside of restaurants where we can leverage Enterprise Value lending from our franchise lending team.
What are Servepro, Aamco, Meineke, Pet Supplies Plus, State Farm, Jiffy Lube, Ace Hardware, Matco Tools, UPS Store, Molly Maid, Merry Maids, & Benjamin Moore to name a few.
500
Our equipment finance team can monetize equipment purchased in cash more than 12 months in the past. (True/False)
What is true? Previously purchased equipment in cash over 12 months ago can be monetized with a valuation.
500
With Tableau going away, this tool has replaced the detail reports once housed elsewhere.
What is ODIN?
600
In addition to owner occupied commercial real estate these are the other two classifications of real estate financing.
What are Investor and CRE-D?
600
The 1919 form is used to collect and validate information on this specific product.
What are 7a loans? (And other SBA Loans)
600
This lending product can provide up to 120% value on the purchase of an eligible asset.
What is equipment finance?
100% of the asset plus 20% in soft costs.
600
Ferris Bueller impersonated this character to get into the fancy restaurant ‘Chez Quis” on his day off.
Who is ABE FROMAN, THE SAUSAGE KING OF CHICAGO?
600
Name one industry that is ineligible for a domicile waiver.
What is Govt/Public Sector Banking, Consumer Purpose loans, Mortgage Warehouse (residential), Gov't operated Lotteries, or Federally Qualified Health Centers?
600
This is used when an RM needs to determine required pre-payment language for a deal.
What is the BB Desk Sheet?