Credit Evaluation School, Sacramento, CA

FINANCIAL INFORMATION

1. Timely 2. Audited / signed and dated by individuals 3. Include individual and affiliated operations 4. Tax returns rather than proformas by individuals/corporations 5. Should evidence the capacity to repay all indebtedness, not just the bank’s (cashflow) 6. Check for increasing amounts of credit card indebtedness (credit report)

OTHER DOCUMENTS • Payment history –PAA or delinquency problems • Extension documents –was interest capitalized or new debt added • Renewal forms – Normal amortization or restructured debt • File comment sheet by loan officer