Credit Evaluation School eBook

Identification of Borrower • Name and/or title of borrower – note insiders • Nature of borrower • Nature of business or employment • Capacity • Identify Cosigners, Endorsers & Guarantors Note: The identification of the obligor can be in the heading of the write-up or in the written comments. It is also standard procedure to include the total balance of the debt above the heading, in thousands of dollars.

Identification of Borrower

Examples:

1,200 ABC Corporation End: Alfred B. Cook, President/Owner Textile Manufacturer

1,200 ABC Corporation

• The corporation is in manufacturing and operated by the owner. All notes are signed and endorsed by Mr. Alfred B. Cook, president and owner.