Hay! Did you account for this?
The F7186 (Collateral to Guarantee mtg) can be used across connections
No, only the BP it's pledged under
Refinancing for construction projects should not occur for a minimum of what?
18 months
Do we finance 100% LTV under our Cash Flow Lending program?
No! We need some skin-in-the-game
In what role did I start my ATB Career?
Underwriting!
"We cannot give unfettered access to credit"
Sandra Johnson
Alberta is a leading producer of Canola, wheat, dry peas, cattle and what else?
Barley
A building condition report is required if the building is how old?
> 15 years
What is the key difference in security from SBA to AFC?
SBA is Joint & Several debt with borrower and guarantor vs. individual security for AFC's (PG's, CG,s GSA)
Karla was part of the initial project team that chose Moody's as our spreading tool provider.
FACT!
~~~ DAILY DOUBLE ~~~
"We need to lend to the true market value of the land"
Naomi Murphy
What is the approximate number of farms in Alberta (rounded to the nearest thousand)?
42,000
~~~ DAILY DOUBLE ~~~
If no fixed price contracts, what should be the contingency budget?
10%
What are 4 things to comment on when analyzing a company's income statement?
1) Material changes (>15% YoY) and why
2) Gross Profit Margins and SG&A expenses
3) Cash-flow (FADS/EBITDA) + DSCR
4) How does management pay themselves?
In my 15 years at ATB, I've only worked in one branch
FICTION! I've called 2 branches home but always in Lethbridge.
"We don't give away free money"
Mark Lagasse
~~~ DAILY DOUBLE ~~~
What age of equipment should be valued at $0 in a F3185?
Anything over 25 years old
Letters of Credit can only be Cash Secured
FALSE!
~~~ DAILY DOUBLE ~~~
ATB's 3 pillars of lending
1) Cash Flow (DSCR)
2) Collateral (MV/LTV)
3) Management (CBR, PNW, TDSR)
Using sticky notes are one of my worst organizational habits
FACT! (Help me)
"GSD"
Myron Feser
What was the overall % of land value increase experienced for cultivated land in Alberta for 2023?
6.5%
What professions are eligible for our Health Care Program? (hint: there are 8)
Dentist; Medical Doctor; Vets; and Ancillary Services: Chiropractor; Physiotherapists; Optometrists; Phycologists; Naturopaths
What BRR am I? "Good quality borrower, slightly less than average risk"
BRR 6
~~~ DAILY DOUBLE ~~~
Favorite Accessory
My emotional support water bottle
"It depends"
Karla Finnie
&
The entire Business Credit Team