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Speedier loan approvals
The goal of any financial institution is quick loan approvals, which leads to happy customers. How can FINPACK help with this process? Consider FINPACK’s Credit Decision Scorecard, a customizable Credit Analysis tool, to aid in this process. The scorecard is tailor-made for...
Challenges with CCC loans reported as income
Tax preparers are not consistent in reporting repayment of CCC loans that have previously been reported as income for tax purposes. FINPACK tries to adjust for these inconsistencies but adjustments are not always possible. While these problems cause cash discrepancies, more...
Portfolio Risk Analyst (PRA)
You know your borrowers and their individual business risks. But how is your entire portfolio positioned to face the volatility of today's business environment? PRA creates a database of your borrowers and generates reports that help you see where the stress points are if...
Determining Schedule F Income in FINPACK
FINPACK uses IRS Schedule F data in two analysis tools - the Schedule F type Tax Form and the Schedule F Cash to Accrual tool. Several...
Mitigating Uncertainty: Transition Planning
Transitioning a business brings about a lot of uncertainty, excitement, and anxiety. As a lender, there are several questions like these...
FINPACK Shortcuts
FINPACK has a number of useful shortcuts that can aid users with data entry and general program utility. Use the following chart full of...
How to Use the FINPACK Loan Calculator
The FINPACK Loan Calculator is a useful tool as you enter or edit loan payment information into a Balance Sheet, Cash Flow Projection,...
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...
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...
2019 FINBIN Report on MN Farm Finances
In our previous post, we discussed some of the financial highlights for Minnesota farms in 2019. In this post, we want to highlight...