True / False
SBA Loans can be done without a personal guaranty.
What is False? SBA loans always require a personal guaranty.
This is the lowest down payment percentage that a client can have on an SBA OOCRE loan.
What is 10% on an SBA 504 Loan?
These are our Primary, Secondary and Tertiary Sources of Repayment for OOCRE loans.
What are cashflow, the real estate collateral, and PG? If the OOCRE is held in a REHCO, the opco should also provide a guaranty.
This is the standard prepayment penalty structure on conventional real estate term loans.
What is 5/4/3/2/1?
You do not need a separate GCI for personal guarantors.
What is False? Every guarantor should have a GCI.
This segment at the Bank can provide 100% OOCRE financing.
What is Practice Solutions financing medical practices?
These individuals comprise a "Complete Credit Coverage Team" [for GCIs] in addition to the RM and SSA.
Who are the CSA, SA, MSA and credit officer [and EBDO where appropriate]?
With the exception of some SBA loans, this is the minimum required DSCR/ FCCR for Business Banking.
What is 1.25x? In certain circumstances SBA can go as low as 1.15x.
Only basic information should be included in the SLX engagement email.
What is FALSE? Not providing enough information and detail upfront is the best way to delay the process when submitting a new credit request.
This is the maximum term in years that we offer on any OOCRE loan.
What is 25 years on SBA?
This is a good estimated timeframe to provide a client from application to closing a OOCRE loan.
What is 45-60 days? However, many factors can add time - set expectations accordingly.
This is how a client can avoid having a prepayment penalty on their real estate term loan.
What is choosing a floating rate instead of a fixed rate?
You do not need to provide company tax returns for all SBA loan requests.
What is TRUE? They are only required for SBA 504 with <$3MM TRE, all SBA 7a and SBA Express loans.
These individuals are responsible for submitting Franchise and Practice Solutions applications.
Who are the EBDOs? The SA's and MSA's are not involved in any franchise or practice loan applications!
Name 3 Specific Industries that route through the MSA regardless of TRE.
What are: NFP, PE, Foreign owned subs or PGs, Commercial Cooperatives, GovCon, ESOP, Ag?
This link on Flagscape allows you to manage client credit solutions start to finish.
What is the Credit Hub for Business Banking? If you don't have it bookmarked, do it now! Flagscape > BB > Operations, Programs & Products > The Credit Hub for Business Banking
A franchise must have a minimum 50 units to be considered creditworthy by Bank of America.
What is FALSE? For our non-approved brands, the guidelines are 50 units OR 5 years established as a franchise.
A $20MM SBA loan request flows through this Credit Channel.
What is Standard? All SBA loans are flow through the standard channel, regardless of size.
MSA's should be engaged on all SBA loans when TRE exceeds this threshold.
What is $5MM? It is still routed through the Standard Channel, but SBA loans >$5MM are fulfilled via the Enhanced Fulfillment Channel.
These individuals can approve pricing discounts of up to 50 bps from desk sheet guidance.
Who are the SAs and MSAs? They cannot discount or waive upfront fees -- only the Market Executives can.