The basis of this class is to introduce some of the critical steps or activities necessary to complete due diligence for commercial loans. We will examine activities directed at the borrower, guarantor, and the transaction itself.
This commercial lending webinar focuses on the activities involving due diligence for commercial loan transactions. Due diligence is like homework. If you do your homework, you are prepared for any test that might come up. There is an old credit cliché that goes something like this: “Believe none of what you hear and half of what you see”. That might sound cynical, but in the end questioning and verifying everything will save you money.
In addition to discussing the activities you will leave with a due diligence checklist to help guide you.
Some items covered in this due diligence webinar are also discussed in other webinars such as Loan Documentation Series (1) Fundamentals.
Due diligence does not stop with the funding of a loan. A borrower is not static. The world in which they operate is ever changing. As a result, their condition is ever changing. The biggest mistakes in commercial lending often happen at the time of a renewal. The process of due diligence for non-financial items are not considered again. So, when the borrower says, “Everything is great” “Believe none of what you hear and half of what you see”.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.