Credit Evaluation School Instructor eBook - Oct 2023

SCENARIO 10

 A crop farmer has borrowed $250,000 for 2018 crops.  At the end of the season, the loan has been paid down to $70,000.  He has 20,000 bushels of corn in his bin (verified) worth $4 per bushel which he will be selling shortly.

 For this loan, would you recommend:  Pass  Special Mention  Substandard

 Doubtful  Loss