Asset
Balance
Advance Rate
Eligible Collateral
Accounts Receivable
$3,600,000
80%
Inventory
$4,400,000
60%
Equipment
$1,250,000
50%
Total Borrowing Base
Line of Credit Maximum
$7,000,000
Max Borrowing Today
Line of Credit Balance (current outstanding)
$6,200,000
Available / (excess)
Loan interest rate (fixed or variable)?
Loan maturity (term)
Collateral
Payment structure (amt / frequency)
Financial monitoring requirement
Loan amount (actual $, based on your chosen advance rate)
Loan interest rate (fixed or variable)?
Loan maturity (term)
Amortization (months or years)
Payment structure (payment frequency)
Personal guarantees
List one covenant you might suggest for this loan request
- Asset Balance Advance Rate Eligible Collateral Accounts Receivable 3 600 000 80 Inventory 4 400 000 60 Equipment 1 1 (725.78 KiB) Viewed 19 times
6,510,000 1c 2 6,510,000 3,680,000 2,830,000 Income 3 4 2,830,000 1,300,000 1a Gross receipts or sales. 1a b Returns and allowances 1b c Balance. Subtract line 1b from line 1a. 2 Cost of goods sold (attach Form 1125-A) 3 Gross profit. Subtract line 2 from line 1c . 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach
statement) 5 Net farm profit (loss) (attach Schedule F (Form 1040)) 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 7 Other income (loss) (attach
statement) 8 Total income (loss). Combine lines 3 through 7 Emphasis 9 Salaries and wages (other than to partners) (less employment credits) 10 Guaranteed payments to partners 11 Repairs and maintenance. 12 Bad debts. 13 14 Taxes and licenses 15 Interest (see instructions) 16a Depreciation (if required, attach Form 4562). 16a b Less depreciation reported on Form 1125-A and elsewhere on return 16b 17 Depletion (Do not deduct oil and gas depletion.) 18 Retirement plans, etc. . 19 Employee benefit programs 20 Other deductions (attach
statement) 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 22 Ordinary business income (loss). Subtract line 21 from line 8 5 6 7 8 9 10 11 12 13 14 15 Rent 110,000 205,000 Deductions (see instructions for limitations) 319,000 16c 17 18 19 20 21 22 72,000 356,000 2,362,000 468,000