Loan Analysis Overview 07.16

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1 Loan Analysis Overview 07.16

2 Loan Analysis tab has 7 sections: 1. Financial Statements RMA, Personal Cash Flow and Debt Schedule 2. Risk Ratings 3. Size Standards 4. Prior Government Debt 5. Conclusions 6. Credit Memo 7. Approval 2

3 If you re starting a loan from scratch there will be no entries on the table. Creating a spread From the Financial Statements section, click the green +Add button (or click on Import for importing of Baker Hill financials) 3

After clicking on the green +Add button, a pop up box will appear for you to select: Analysis type: Either a single company or consolidated spread Company: The company you are going to spread or

4 After clicking on the green +Add button, a pop up box will appear for you to select: Analysis type: Either a single company or consolidated spread Company: The company you are going to spread or which companies are going to be consolidated. Prior Loan: If the spread was prepared for a loan in your portfolio you have the ability to copy the spread to this loan. Description: The spread name will default to Company Name:Loan Association. 4

5 For a NEW spread you will be presented with the interface above. Click on the green Add Period button to start adding periods Period Type: Select Historical or Projection Period End: Will default to current year minus 3 years Months: Required field. Input # of Months for this specific period Description: Required field. Select from options in drop-down. Include in Forms & Reports: Check the box if you want the periods to merge onto 1244 and/or memo s Continue clicking on +Add Period to add all the periods you will be spreading. 5

Sample of Spread Interface: Notice shading for the periods: Light Blue (2013, 2014 & 2015) and Darker Blue (03/31/2016) Darker Blue indicates period is used for Proforma Asterisk in

6 Sample of Spread Interface: Notice shading for the periods: Light Blue (2013, 2014 & 2015) and Darker Blue (03/31/2016) Darker Blue indicates period is used for Proforma Asterisk in columns indicate periods for 1244 and made available for credit memo Label customization Adjustment descriptions Calculating within cells Ventures default values are identified by a purple box 6

In the example below, assuming you received a current interim to spread and you do not want to view the 03/31/2016 on the interface, click on Manage Periods to Hide the period from view.

7 In the example below, assuming you received a current interim to spread and you do not want to view the 03/31/2016 on the interface, click on Manage Periods to Hide the period from view. Click on Manage Periods Click on the X to remove the period from the Selected Periods table. Click on green OK button to save changes. This feature is used a lot more in Servicing to manage what years you want to view on the interface. 7

8 The Narratives piece is the area where you write your Balance Sheet, Income Statement and Ratio analysis. You are provided with pre-set snippets of which you are not obligated to use. Your Site Administrator has access to further customize snippets for these 3 tabs. 8

RMA data, when uploaded, will be saved to your database. First step: Check and see if another user from your institution has previously uploaded the industry information for this NAICS code.

9 RMA data, when uploaded, will be saved to your database. First step: Check and see if another user from your institution has previously uploaded the industry information for this NAICS code. If data has been uploaded you ll have options available in the Data Set and Data Range drop-downs. Select your options. If the options you have selected are ok click on the green Select button and the data will load onto your spread. 9

If RMA data is not visible on the interface drop-downs as options (--no data will appear in gray rather than black) OR if you d like to upload more recent data follow the steps

10 If RMA data is not visible on the interface drop-downs as options (--no data will appear in gray rather than black) OR if you d like to upload more recent data follow the steps below: Click on the green Add Data button The pop-up below will appear. Click on the RMA hyperlink and it will redirect you to the RMAU site (you must have an account with RMAU) 10

11 RMAU: Look up your industry Pay attention to the Year and the Region you download as you ll select this in Ventures Download the RMA data in Excel by clicking on Export Save the data locally 11

12 After you ve saved the download from RMAU locally: Select the Year and Region Click on either Select File (or drag/drop your file where indicated) Click on the green Add Data 12

13 You will be redirected to the pop-up you initially started with. Choose a Data Set from the drop-down Choose which Data Range you want merging to your spreads. Click Select. RMA data will appear on the different tabs in your spread. 13

Print Clicking on Print will present you with options for you to print the 6 tabs found within Financial Statement (Balance Sheet, Income Statement, Reconciliation of Net Worth, Ratios, Cash Flow,

14 Print Clicking on Print will present you with options for you to print the 6 tabs found within Financial Statement (Balance Sheet, Income Statement, Reconciliation of Net Worth, Ratios, Cash Flow, and COGs) By default it will print All pages however you can select the pages you want to print by inputting your specific page numbers Export Clicking on Export will cause all 6 tabs to export to Excel. Stand-alone worksheet once exported Exports only the numbers; not calculations within cells, if any. 14

15 Ventures will default your spread name to entity name:loan association Rename Spread allows you to rename a spread for ease of identification purposes. The Spread Name will not translate to the entity name. The Rename feature is solely for purposes of renaming the spread. 15

Describe the entries in either column by clicking on the column to the left of the cell. How do you export to Excel? Where do you write your analysis? Is calculating within cells supported?

16 Question How do you add Periods? Can labels be customized? Credits/Debits adjustments how do you enter descriptions? Answer Click on Yes; click on the label name in Balance Sheet or Income Statement and type the entry. It will display as a Green label until you save and exit the page. Describe the entries in either column by clicking on the column to the left of the cell. How do you export to Excel? Where do you write your analysis? Is calculating within cells supported? Unlinking Proforma Click on the Export button Click on Narratives. Tip: To expand the narrative box click on the up arrow on your keyboard. Yes; click in a cell and start your string with the = sign. To unlink the default figures in the Proforma click on the value (highlighted with a purple box) and then on the X to Unlink from Ventures Data 16

17 Question How do you create a consolidated spread? Can I edit a consolidated spread? How do you view an Abbreviated Spread? Answer 1. Loan Analysis > Financial Statements 2. Click on +Add 3. Selected Consolidated as the Type and name your spread 4. A record is created in the table. Click on the spread name hyperlink to edit 5. Once in the spread click on Manage Periods 6. Select a Spread from the Spread drop-down 7. From the Available Periods drop-down select your periods and then click on +Add 8. Repeat the steps 6 & 7 until all your periods are displaying 9. Click on the OK button when finished No. To edit figures you ll need to edit the periods that made up the spread Select the View drop-down and select Abbreviated from the list 17

18 Personal Cash Flow To access an owner for the personal cash flow go to Companies then click the Show/Hide Contacts button. Select the hyperlink for the owner you wish to analyze. 18

19 In each of these tabs do not forget to check boxes as appropriate: Cash Flow tab - Include in Cash Flow Analysis Personal Finances Include in Credit Memo 19

20 Question Assuming the company contact has previous government financing what section/tab would you visit? How do you include the personal cashflow analysis in the Spread? Can Living Expenses be modified? Where do Comments at the bottom of Personal Finances translate to? How do I indicate which Credit information to show on the SLPC memo? Answer Companies > select an entity > select the company contact > Government Financing tab In Company Contacts select the box found in the Cashflow tab (see page 19) Yes; Click on the Calculate Living Expenses button for an auto calculation OR manually type in your own SLPC Memo personal credit information Visit the Verifications > Credit Scores menu and check the Include in Memo box for the respective entity/individual to show in memos 20

21 Net Worth, Gross Sales & Profit are manual data entry fields that feed into the Size Standards table Debt Schedule & Government Financing are specific to the entity you are viewing 21

22 Debt Schedule & Previous Government Debt Go to Companies menu and select the entity you wish to complete the debt schedule for. Click on Financial Data and at the bottom of the page is the section for Debt Schedule. Click +Add and complete the fields in the pop up menu. Make sure to check the Include in cash flow box if you want the debt to be factored in the repayment analysis. To denote a loan on the debt schedule is an SBA loan, choose SBA Financing from the Financing Source drop down menu. To edit a previously created debt, just click the hyperlink for that debt and edit as needed. 22

23 Question Assuming the company has a debt schedule and/or previous government financing what section/tab would you visit? Answer Companies > select an entity > Financial data tab Size Standards: Where can you view size standards to view all entries made? Loan Analysis > Size Standard > select the size standard from drop-down and click on Save. To edit the data in the table click on the company hyperlinks to be redirected to Companies > entity > Financial data tab. 23

24 Application & Servicing default Risk Ratings worksheets provided. Your Site Administrator can create a risk rate worksheet specific to your site and customize the scores/grades to match your internal policy guides. 24

25 Topic What 2 types of default forms are there? Scoring Override Print Can I create my own RR worksheet? Answer Loan Performance and Worksheet Loan Performance can be used if you decide to not use worksheets Your system administrator can adjust the scoring to match your company policies Override button in the Risk Rating Worksheet allows you to override the score Available for worksheets under the Load button Yes; your site administrator can customize a risk rate worksheet based on Formula Type options available to them in a drop-down. 25

26 Choose the size standard benchmark (504 vs 7a). Click the hyperlink for each entity that needs to be included in the size calculations. This can also be accessed through the Companies Tab Within the company, click on the Financial Data tab and enter in the size standard information. 26

27 Assuming entries were made in either the Company or contact level the table below will show the information Narratives would be entered in the narrative text box where the green arrow is shown 27

28 This section is for the strengths, weaknesses, loan conditions and discussion on Key Person Life Insurance Snippets, if desired, can be used to assist staff with selecting standard verbiage. 28

29 Choose which financial statements will merge to the credit memo By default the second radio button is selected Affiliate Entity Information: Specific to the Entity Information piece of memo (entity name, naics, ownership). Does not correlate with spreads at all. If Include Hyperlinks is selected the memo will have hyperlinks included which will take you to the section in V+ for data entry 29

2) If Affiliate Entity Information is checked off does this mean spread data will merge? No.

30 Question/Answer 1) Other Statements : The end-user has the ability to select which spread to include in the credit memo. The system will default to the second radio button you see in the snapshot above. 2) If Affiliate Entity Information is checked off does this mean spread data will merge? No. If the box is checked then on your SLPC credit memo merge you will have the Entity & Management sections merge to the memo. 30

31 Track internal, committee and executive committee approvals 31

32 Don t forget to visit this page and check the boxes for which credit information to display on the credit memo. 32

33 Questions/Comments? 33

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