21 CRR-NY 4244.8NY-CRR
21 CRR-NY 4244.8
21 CRR-NY 4244.8
4244.8 Underwriting criteria.
(a) Information submitted will be evaluated by the corporation's standard underwriting criteria, including but not limited to the following:
(1) the ability of the applicant to repay the project loan;
(2) borrower must display profitability or potential for such;
(3) performance ratio analysis must yield satisfactory results, including:
(i) sufficient liquidity;
(ii) sufficient cash flow to service debt;
(iii) reasonable leverage;
(4) there must be no tax judgments in place;
(5) sufficient collateral must be in place;
(6) credit checks must be satisfactory;
(7) principals must display sufficient management ability; and
(8) borrower should be knowledgeable of market and industry.
21 CRR-NY 4244.8
Current through September 15, 2021
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