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Loan refinance in a FINPACK Projection

Refinancing loans is a frequent option to help business owners in need when profits are down, and cash flows are tight. Following the correct loan steps in a FINPACK Projection ensures the Term Debt Coverage Ratio and other repayment capacity measures are correct...

Changing interest rates in FINPACK Projections

Interest rates charged on loans can change during the year for any number of reasons; the rate is variable, the rate was renegotiated at renewal, or the customer’s risk profile changed to name a few. Because of this, interest rate changes on operating or term loans...

Spreadsheets vs. Software

Are you still using spreadsheets to complete the annual credit analysis on your customers?  Do your spreadsheets provide you the best information on a customer’s financial position?  Have your spreadsheets left you with questions related to your bank’s true...

Tools for the renewal season

It is hard to believe 2019 is coming to a close and the 2020 renewal season is just around the corner.  As you prepare for loan renewals at your lending institution, consider these FINPACK tools to help make the process smoother and more streamlined for you and...