General CLOC
CCA stands for
Commercial Credit Analyst
These 4 documents / tasks are required for closing out a file
APV GLAS, APV TLOCK, APV DISNE, APV SP
The 3 sections on a balance sheet
Assets, Liabilities and Equity
The main credit bureau source utilized for CLOC reviews
Dunn and Bradstreet
This system houses all CLOC files
GLAS
CLOC stands for
Commercial Line of Credit
A CCA's files are assigned by
CSC (Commercial Support Coordinator)
The types of financials utilized by CCAs in a CLOC review
Directs, Tax Returns, CPA Reviewed Statements, CPA Audited Statements, 10-K
The two credit bureaus that are utilized for CLOC reviews
Dunn & Bradstreet and Experian
All the Tiers an Offering could be
0,1,2,3,4,5
In these two places, a customer can apply for a CLOC
Any Ford Dealership / Online at FordCredit.com
The person who a CCA directly reports to
CCS (Commercial Credit Supervisor)
Financials recommended from CLOCs $1.0 million to $2.5 million
CPA Reviewed Statements
The main three score categories for Dunn and Bradstreet
Delinquency Score, Failure Score and PAYDEX
The frequency a typical CLOC is reviewed
Every 12 months
The amount that can be approved without a full CLOC review
$450,000
The procedure recommended time limit to decision a new CLOC request
48 business hours
The two main financial KPMs
Debt / TBC (Capitalization) and Current Ratio (Liquidity)
PAYDEX scores that are considered satisfactory
65 and up
A 6-month review procedurally required
If a CLOC scores Tier 2 or worse
These are the types of people who can apply for a CLOC
Any commercial business and sometimes Commercial Individuals
Name at least 4 legal documents that could be needed for a CLOC
General Information Form, Continuing Guaranty, Company Certificate, Credit Application, CCCD, Partnership Agreement
Income on the balance sheet should match
Profit and Loss Statement OR Income Statement
legal events that the Credit Bureau can report
Suits, Liens, UCCs, Bankruptcy, Judgements
This system feeds the final CLOC amount and structure to CDSA’s buying deals as they're submitted
DISNE