Credit Evaluation School, Sacramento, CA

LOAN AGREEMENTS • Specifies exactly what the bank expects the borrower to perform • Specifies exactly when the bank expects the borrower to perform • Clarifies expectations of both parties, less gray area • Allows for negative covenants

PERFECTION OF SECURITY INTEREST 1. Financing Statements (UCC’s) for lien searches and perfection of... a. Inventory b. Accounts Receivables c. Machinery and Equipment d. Personal Property