Due to the coronavirus, credit unions and businesses have been forced to adapt and change the way they interact. Remaining nimble and proactive during these changing times will help your credit union solidify existing business relationships and attract new business members. By taking the following six steps…
In 2016, the NCUA revised commercial lending regulations to allow credit unions to set their own personal guaranty requirements. While credit unions can now choose whether to waive personal guaranties altogether or obtain limited, partial, or pro rata guaranties, it’s important to remember why personal guaranty requirements were established in the first place. Conceptually, there…
Preparing and analyzing the proforma cash flow for income producing commercial real estate is an important part of the underwriting process to determine the property’s projected ability to service debt. A basic NOI analysis of a commercial property includes gross rental income and operating expenses (e.g. property taxes, utilities, insurance), but prudent business loan underwriting…