Chapter 8: Assets You Can Pledge to Support Your Business Loan
AR Audit Worksheet
Federal Reserve Bank Audit Guidelines. Accounts Receivable lien as collateral.
NBL3 Ch 8 AR Audit Worksheet.
Borrowing Base Facility Worksheet
Accounts Receivable Analysis, total value of outstanding accounts receivable, net eligible accounts receivable for this period, inventory analysis, net eligible inventory for this period, loan value of the accounts receivable and inventory collateral, allowable advances against eligible receivables , allowable advances against eligible receivables , accounts receivable eligible against loan (borrowing base), inventory eligible against loan (borrowing base), collateral loan value for this period, excess (deficit) collateral loan value over loan balance, advances to be approved.
NBL3 Ch 8 Borrowing Base Facility Worksheet
Should We Approve The Next Order?
Accounts receivable acceptance versus rejection cost model; acceptance costs (clerical costs associated with opening account, credit investigation cost, collection cost, dollars tied up in receivables (sale price), probability of nonpayment, incremental cost of production and selling, average time in days between sale and payment, cost of funds); rejection costs (incremental profit from sale, probability of payment); accept/reject credit; probability break even.
NBL3 Ch 8 Should We Approve The Next Order