How Loans Get Repaid: Cashflow, Collateral, and Personal Guarantees
Before approving any business loan request, a lender should be convinced of the business applicant's ability (through cash flow) to service debt.
If a business is not successful in generating enough cash flow to do this, however, a lender may need to rely on either personal guarantees or the security pledged as collateral in order to be repaid.
This program will explore these three means of getting repaid and identify the challenges that lenders face in each scenario.
- Cash Flow: What it is and how to measure it
- Collateral Coverage
- How to value Collateral
- Personal Financial Statements: What They Tell Us (and don’t tell us) about a borrower
- Personal Guarantees: When they are useful and how to leverage them
- Credit Analysts
- Loan Officers
- Branch Managers
- Loan Committee members
Vincent DiCara is currently the owner of DiCara Training and Consulting LLC which he established in January of 2013. Formerly, he was the co-owner and founder of Development Finance Training and Consulting, Inc. (DFTC) which he established in 2003. Mr. DiCara has been involved in evaluating the credit needs of businesses for thirty years as a business advocate, lender, credit analyst and trainer. Since 1995, Mr. DiCara has developed and conducted a wide variety of training programs for individuals who work in the financial services industry sector. His training clients include organizations in the credit union, banking, economic development, and community development fields. Mr. DiCara’s training programs have become known for their ability to foster an informal and participatory environment in which students are empowered to learn.
Mr. DiCara is a graduate of Bowdoin College in Brunswick, Maine and received a Masters Degree in Public Administration from the University of Maine. A native of Boston, Massachusetts, he has been a resident of the State of Maine for the last 38 years.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CE Credits
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