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Commercial Loan Documentation: The Loan Process and Documentation in Support of Commercial Loan Decisions
The primary documents to be presented are as follows:
Documents required to identify borrower and establish authority
- Loan application
- Financial statements
- Credit memorandum
- Typical business structures
a. Corporations
b. Limited liability companies
- Corporate and partnership resolutions
- Opinion letters
- Certificates of good standing
- Articles of incorporation
- by-laws
Review the legal definition of collateral types to avoid improper classification of collateral
- Review of collateral definitions
- Review of collateral valuation documents
Documents to evidence the debt
- Commercial and consumer promissory notes
- Loan agreements
- Commitment letters
Documents to attach and support various types of collateral
- Security agreement
- Deed to secure debt
- Hypothecation agreement
- Guaranty agreement
- Subordination agreement
- Landlord's waiver
- Insurance policies
Documents required to perfect the security interest
- How to prepare and file a uniform commercial code financing statement
- Review of other methods of collateral perfection
Overview of the webinar
This webinar will expose participants to five steps in the loan documentation process, which includes:
- Identifying the Borrower
- Identifying and Documenting the Collateral
- Evidencing the Debt
- Attaching the Collateral
- Perfecting the Security Interest
Each of the five steps requires certain documents to accomplish their respective purpose. The participant will develop an understanding of each of these documents and know when to use them.
Who should attend?
- Commercial Loan Officers
- Loan Administrators
- Loan Processors
- Internal Auditors
- Compliance Professionals
- Operational professionals
- Finance Professionals
- Private Bankers
- Credit Analysts
- Loan Documentation Specialists
- Branch Managers
Why should you attend?
The commercial lending process is essential in order to avoid loan losses due to poor documentation, especially during a bankruptcy case. Many community banks assign this important responsibility to Loan Officers and Loan Administrators. If not performed properly, poor documentation can cause loans to be essentially unsecured or unguaranteed when the bank expected to have some form of credit enhancement (collateral) as a secondary source of repayment. Each of the five steps requires certain documents to accomplish their respective purpose. The participant will develop an understanding of each of these documents and know when to use them.
Faculty - Mr.David Sawyer
David Sawyer's experience in banking began in 1981 in the area of credit administration with Central Bank of the South. Since that time he has served in the capacity of senior lender, senior credit officer and president and CEO of a community bank and two regional bank affiliates. His banking experience includes corporate, middle market and small businesses with emphasis on Commercial lending as well as SBA and lending to municipalities.
David has a B.S degree with a major in banking and finance and is a graduate of LSU School of Banking. He recently received Credit Risk Certification from Robert Morris and Associates (RMA). David has enjoyed teaching and training other bankers throughout his career and has held numerous teaching certifications in the banking area.
David lends extensive knowledge and experience in lending, credit analysis and problem loan identification/workout in addition to experience with banking regulators in the present environment.