Advanced Commercial Credit Analysis

Description:

The Advanced Commercial Credit Analysis School is designed to provide a high level of skill development for rapidly and effectively evaluating the repayment ability of a commercial business. It is not about assessing the quality of collateral that supports a loan, but about understanding the borrower's ability to repay a loan.

Learning Format

Classroom-based learning featuring case studies and limited lectures; OJT

Learning Objectives

Upon completion of this course, attendees are able to:

Analyze and communicate the critical income statement analysis issues to include revenue growth, sustainability of EBITDA, and overall quality of earnings.
Evaluate the financial position of a firm to include liquidity, working capital and leverage analysis.
Construct both an indirect and EBITDA based cash flow statement and evaluate the results to include various cash flow coverage ratios.
Develop appropriate capital structures based on the forecasted cash flow and the overall debt capacity of the company.
Identify the key credit risks and associated mitigating factors related to an underwriting transaction.
Evaluate both the primary and secondary sources of repayment.
Structure a transaction to protect the sources of repayment, while consistent with market standards.
Communicate a logical underwriting rational to support a senior debt opportunity.

Time Commitment:

Pre-Course Requirement: approximately 8 to 12 hours
Resident Session: 4 days

Target Audience:

Examiners who have experience reviewing commercial loans that vary in complexity and size.

Registration: